Logan Capital Management Inc. Trims Stake in Dollar Tree, Inc. (DLTR)

Logan Capital Management Inc. lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 24.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,900 shares of the company’s stock after selling 956 shares during the quarter. Logan Capital Management Inc.’s holdings in Dollar Tree were worth $311,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Exane Derivatives acquired a new stake in shares of Dollar Tree during the fourth quarter worth about $104,000. Cerebellum GP LLC acquired a new stake in shares of Dollar Tree during the fourth quarter worth about $127,000. Advisory Services Network LLC lifted its position in shares of Dollar Tree by 0.6% during the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after purchasing an additional 12 shares in the last quarter. FTB Advisors Inc. lifted its position in shares of Dollar Tree by 249.2% during the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after purchasing an additional 992 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in Dollar Tree in the third quarter valued at approximately $150,000. 91.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dollar Tree, Inc. (NASDAQ DLTR) opened at $106.61 on Friday. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $116.65. The firm has a market cap of $25,369.32, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 1.26 and a beta of 0.71.

DLTR has been the topic of several analyst reports. MKM Partners set a $96.00 target price on shares of Dollar Tree and gave the company a “hold” rating in a report on Monday, November 20th. Moffett Nathanson initiated coverage on shares of Dollar Tree in a report on Monday, December 4th. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Wednesday, November 8th. Royal Bank of Canada reaffirmed a “top pick” rating and issued a $111.00 target price (up previously from $102.00) on shares of Dollar Tree in a report on Wednesday, November 22nd. Finally, Goldman Sachs Group initiated coverage on shares of Dollar Tree in a report on Tuesday, November 14th. They issued a “buy” rating and a $106.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $106.31.

In other news, Chairman Bob Sasser sold 64,002 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joshua R. Jewett sold 3,570 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $99.00, for a total transaction of $353,430.00. Following the transaction, the insider now owns 6,976 shares in the company, valued at $690,624. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,940 shares of company stock worth $13,761,818. 4.10% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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