Xact Kapitalforvaltning AB grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 5.8% in the first quarter, HoldingsChannel.com reports. The firm owned 40,095 shares of the company’s stock after buying an additional 2,181 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Dollar Tree were worth $3,805,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in DLTR. First Trust Advisors LP boosted its stake in shares of Dollar Tree by 47.8% during the fourth quarter. First Trust Advisors LP now owns 188,894 shares of the company’s stock valued at $20,270,000 after purchasing an additional 61,132 shares during the period. First Allied Advisory Services Inc. purchased a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $362,000. UBS Asset Management Americas Inc. boosted its stake in shares of Dollar Tree by 7.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 698,676 shares of the company’s stock valued at $74,975,000 after purchasing an additional 50,693 shares during the period. Virtus Fund Advisers LLC purchased a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $3,718,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $13,340,000. 91.22% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Thomas E. Whiddon purchased 2,250 shares of Dollar Tree stock in a transaction dated Monday, June 18th. The stock was purchased at an average cost of $88.78 per share, for a total transaction of $199,755.00. Following the completion of the acquisition, the director now directly owns 26,121 shares of the company’s stock, valued at $2,319,022.38. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lemuel E. Lewis purchased 2,500 shares of Dollar Tree stock in a transaction dated Monday, June 4th. The shares were bought at an average price of $80.44 per share, with a total value of $201,100.00. Following the completion of the acquisition, the director now directly owns 17,654 shares of the company’s stock, valued at $1,420,087.76. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.
Shares of Dollar Tree stock opened at $86.99 on Friday. The company has a quick ratio of 0.41, a current ratio of 2.11 and a debt-to-equity ratio of 0.69. The firm has a market cap of $20.50 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.08 and a beta of 0.79. Dollar Tree, Inc. has a 12 month low of $66.01 and a 12 month high of $116.65.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, May 31st. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.04). The firm had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.56 billion. Dollar Tree had a net margin of 7.44% and a return on equity of 18.23%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 EPS. sell-side analysts anticipate that Dollar Tree, Inc. will post 5.53 EPS for the current year.
A number of research firms have recently weighed in on DLTR. Wells Fargo & Co reissued an “outperform” rating and set a $128.00 price objective (down previously from $138.00) on shares of Dollar Tree in a research note on Tuesday, February 27th. BidaskClub lowered Dollar Tree from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Credit Suisse Group began coverage on Dollar Tree in a research note on Tuesday, April 17th. They set an “outperform” rating and a $114.00 price objective for the company. Loop Capital raised Dollar Tree from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Wednesday, April 18th. Finally, ValuEngine raised Dollar Tree from a “hold” rating to a “buy” rating in a research note on Saturday, April 7th. Eleven investment analysts have rated the stock with a hold rating, nineteen have given 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 $106.64.
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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