Gamble Jones Investment Counsel reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,478 shares of the company’s stock after selling 1,961 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Dollar Tree were worth $5,911,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in DLTR. IFM Investors Pty Ltd grew its stake in Dollar Tree by 45.4% during the 2nd quarter. IFM Investors Pty Ltd now owns 10,730 shares of the company’s stock worth $912,000 after purchasing an additional 3,349 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Dollar Tree by 38.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 46,693 shares of the company’s stock worth $3,967,000 after purchasing an additional 12,935 shares in the last quarter. Atria Investments LLC acquired a new position in Dollar Tree during the 2nd quarter worth $682,000. Cornerstone Wealth Management LLC acquired a new position in Dollar Tree during the 2nd quarter worth $460,000. Finally, Creative Planning grew its stake in Dollar Tree by 30.2% during the 2nd quarter. Creative Planning now owns 8,671 shares of the company’s stock worth $737,000 after purchasing an additional 2,010 shares in the last quarter. 91.23% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Lemuel E. Lewis bought 1,210 shares of Dollar Tree stock in a transaction dated Thursday, September 27th. The stock was acquired at an average cost of $82.75 per share, with a total value of $100,127.50. Following the acquisition, the director now owns 20,114 shares of the company’s stock, valued at $1,664,433.50. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.
NASDAQ:DLTR opened at $86.38 on Friday. The stock has a market cap of $20.90 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 1.13 and a beta of 0.62. Dollar Tree, Inc. has a 1 year low of $78.78 and a 1 year high of $116.65. The company has a quick ratio of 0.52, a current ratio of 2.24 and a debt-to-equity ratio of 0.66.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.01). Dollar Tree had a return on equity of 17.63% and a net margin of 7.53%. The business had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period in the prior year, the company posted $0.99 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. As a group, research analysts forecast that Dollar Tree, Inc. will post 5.5 earnings per share for the current year.
Several research analysts recently commented on DLTR shares. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research cut Dollar Tree from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Raymond James lowered their target price on Dollar Tree from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, August 31st. Gordon Haskett cut Dollar Tree from an “accumulate” rating to a “hold” rating in a research note on Monday, October 15th. Finally, Deutsche Bank lowered their target price on Dollar Tree from $112.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, August 31st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $101.47.
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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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