Tredje AP fonden increased its position in shares of Dollar Tree (NASDAQ:DLTR) by 10.4% during the 1st quarter, Holdings Channel reports. The fund owned 20,195 shares of the company’s stock after buying an additional 1,900 shares during the quarter. Tredje AP fonden’s holdings in Dollar Tree were worth $1,917,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in DLTR. CenterStar Asset Management LLC bought a new position in Dollar Tree during the 1st quarter worth approximately $102,000. Exane Derivatives bought a new position in Dollar Tree in the fourth quarter valued at approximately $104,000. Cerebellum GP LLC bought a new position in Dollar Tree in the fourth quarter valued at approximately $127,000. FTB Advisors Inc. lifted its stake in Dollar Tree by 249.2% in the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock valued at $149,000 after buying an additional 992 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its stake in Dollar Tree by 77.0% in the first quarter. Dupont Capital Management Corp now owns 1,632 shares of the company’s stock valued at $155,000 after buying an additional 710 shares in the last quarter. 91.17% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Robert H. Rudman sold 2,764 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Conrad M. Hall acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average cost of $91.83 per share, with a total value of $918,300.00. Following the transaction, the director now directly owns 799 shares of the company’s stock, valued at $73,372.17. The disclosure for this purchase can be found here. In the last three months, insiders sold 14,861 shares of company stock valued at $1,398,752. 1.50% of the stock is currently owned by company insiders.
Dollar Tree opened at $93.10 on Monday, MarketBeat.com reports. Dollar Tree has a one year low of $65.63 and a one year high of $116.65. The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.11 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.01). The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate 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 predict that Dollar Tree will post 5.7 earnings per share for the current fiscal year.
A number of brokerages have weighed in on DLTR. Cleveland Research lowered shares of Dollar Tree from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 16th. MKM Partners set a $98.00 price target on shares of Dollar Tree and gave the company a “hold” rating in a research note on Thursday, March 8th. Moffett Nathanson lowered shares of Dollar Tree from a “buy” rating to a “neutral” rating in a research note on Friday, May 11th. Deutsche Bank set a $119.00 price target on shares of Dollar Tree and gave the company a “buy” rating in a research note on Thursday, March 8th. Finally, Raymond James set a $110.00 price target on shares of Dollar Tree and gave the company a “buy” rating in a research note on Thursday, March 8th. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Dollar Tree presently has an average rating of “Buy” and a consensus target price of $110.31.
Dollar Tree 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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