Sei Investments Co. cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 27.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,162 shares of the company’s stock after selling 51,143 shares during the period. Sei Investments Co. owned approximately 0.06% of Dollar Tree worth $14,398,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Exane Derivatives acquired a new stake in shares of Dollar Tree in the fourth quarter worth approximately $104,000. Cerebellum GP LLC acquired a new stake in shares of Dollar Tree in the fourth quarter worth approximately $127,000. Advisory Services Network LLC boosted its position in shares of Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after acquiring an additional 12 shares during the last quarter. FTB Advisors Inc. boosted its position in shares of Dollar Tree by 249.2% in the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after acquiring an additional 992 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of Dollar Tree in the third quarter worth approximately $150,000. 91.50% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the stock. Guggenheim reissued a “buy” rating on shares of Dollar Tree in a research report on Wednesday, January 31st. OTR Global assumed coverage on shares of Dollar Tree in a research report on Tuesday. They issued a “positive” rating on the stock. Zacks Investment Research cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Loop Capital raised their target price on shares of Dollar Tree from $94.00 to $100.00 and gave the stock a “hold” rating in a research report on Monday, February 12th. They noted that the move was a valuation call. Finally, MKM Partners raised their target price on shares of Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 22nd. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. Dollar Tree currently has a consensus rating of “Buy” and a consensus price target of $106.31.
In other news, Director Thomas A. Saunders sold 33,750 shares of Dollar Tree stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the sale, the director now owns 2,332,294 shares in the company, valued at $248,016,143.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Bob Sasser sold 64,002 shares of Dollar Tree stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total transaction of $6,383,559.48. The disclosure for this sale can be found here. Insiders have sold 133,940 shares of company stock worth $13,761,818 in the last quarter. Insiders own 4.10% of the company’s stock.
Dollar Tree, Inc. (DLTR) opened at $105.69 on Thursday. The firm has a market cap of $25,324.28, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 1.26 and a beta of 0.71. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $116.65. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. equities research analysts predict that Dollar Tree, Inc. will post 4.89 EPS for the current year.
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About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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