Boston Partners trimmed its position in shares of Dollar Tree (NASDAQ:DLTR) by 11.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,155 shares of the company’s stock after selling 5,352 shares during the quarter. Boston Partners’ holdings in Dollar Tree were worth $3,906,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Hawaii increased its holdings in Dollar Tree by 12.3% in the 1st quarter. Bank of Hawaii now owns 25,093 shares of the company’s stock worth $2,381,000 after acquiring an additional 2,750 shares in the last quarter. American Century Companies Inc. increased its holdings in Dollar Tree by 83.8% in the 1st quarter. American Century Companies Inc. now owns 4,467,563 shares of the company’s stock worth $423,972,000 after acquiring an additional 2,036,622 shares in the last quarter. Hodges Capital Management Inc. purchased a new stake in Dollar Tree in the 1st quarter worth $1,224,000. Meeder Asset Management Inc. increased its holdings in Dollar Tree by 17.5% in the 1st quarter. Meeder Asset Management Inc. now owns 6,892 shares of the company’s stock worth $653,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Strategy Asset Managers LLC purchased a new stake in Dollar Tree in the 1st quarter worth $2,402,000. 91.30% of the stock is owned by institutional investors.
Shares of Dollar Tree opened at $94.29 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60. The stock has a market cap of $22.66 billion, a PE ratio of 19.40, a PEG ratio of 1.14 and a beta of 0.83. Dollar Tree has a twelve month low of $94.34 and a twelve month high of $96.56.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.01). The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.39 billion. Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 EPS. analysts forecast that Dollar Tree will post 5.66 earnings per share for the current year.
Several equities research analysts recently commented on the stock. Raymond James set a $110.00 price target on shares of Dollar Tree and gave the stock a “buy” rating in a report on Thursday, March 8th. BMO Capital Markets cut their price target on shares of Dollar Tree from $115.00 to $97.00 and set a “hold” rating for the company in a report on Thursday, March 8th. Barclays raised shares of Dollar Tree from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $89.25 to $100.00 in a report on Thursday, March 8th. Loop Capital reissued a “hold” rating and issued a $92.00 price target (down previously from $100.00) on shares of Dollar Tree in a report on Wednesday, March 7th. Finally, Deutsche Bank set a $119.00 price target on shares of Dollar Tree and gave the stock a “buy” rating in a report on Thursday, March 8th. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $110.31.
In other news, insider Robert H. Rudman sold 2,764 shares of the business’s stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $93.70, for a total transaction of $258,986.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Conrad M. Hall purchased 10,000 shares of the stock in a transaction dated Friday, March 9th. The shares were purchased at an average cost of $91.83 per share, for a total transaction of $918,300.00. Following the transaction, the director now owns 799 shares in the company, valued at approximately $73,372.17. The disclosure for this purchase can be found here. In the last three months, insiders have sold 14,861 shares of company stock worth $1,398,752. Corporate insiders own 1.50% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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