Global X MANAGEMENT CO LLC raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 22.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,023 shares of the company’s stock after purchasing an additional 559 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Dollar Tree were worth $262,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of DLTR. BlueMountain Capital Management LLC increased its position in Dollar Tree by 119.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after purchasing an additional 825 shares during the period. Sun Life Financial INC increased its position in Dollar Tree by 17,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after purchasing an additional 1,710 shares during the period. YorkBridge Wealth Partners LLC increased its position in Dollar Tree by 2.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after purchasing an additional 36 shares during the period. Advisory Services Network LLC increased its position in Dollar Tree by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after purchasing an additional 12 shares during the period. Finally, Integrated Investment Consultants LLC purchased a new position in Dollar Tree during the 3rd quarter valued at about $150,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the transaction, the insider now directly owns 34,532 shares of the company’s stock, valued at $2,917,954. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 251,449 shares of company stock valued at $22,808,837. Company insiders own 2.90% of the company’s stock.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) opened at $94.61 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.43 and a current ratio of 1.83. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $95.64. The company has a market cap of $22,407.88, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same period in the previous year, the business posted $0.72 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. equities research analysts predict that Dollar Tree, Inc. will post 4.66 earnings per share for the current year.
DLTR has been the topic of a number of research reports. Cleveland Research raised shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Wednesday, October 11th. Raymond James Financial, Inc. dropped coverage on shares of Dollar Tree in a research report on Saturday, August 26th. Royal Bank Of Canada set a $92.00 price target on shares of Dollar Tree and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $85.00 price target on shares of Dollar Tree in a report on Tuesday, August 22nd. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $93.00.
Dollar Tree Company Profile
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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