Decatur Capital Management Inc. acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 51,800 shares of the company’s stock, valued at approximately $5,559,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Shell Asset Management Co. lifted its holdings in shares of Dollar Tree by 368.4% in the 3rd quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock worth $4,057,000 after acquiring an additional 56,906 shares during the last quarter. Korea Investment CORP lifted its holdings in shares of Dollar Tree by 170.4% in the 3rd quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock worth $4,904,000 after acquiring an additional 35,600 shares during the last quarter. Wright Investors Service Inc. bought a new stake in shares of Dollar Tree in the 3rd quarter worth approximately $501,000. British Airways Pensions Investment Management Ltd bought a new stake in shares of Dollar Tree in the 3rd quarter worth approximately $34,022,000. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Dollar Tree by 4.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 379,137 shares of the company’s stock worth $32,896,000 after acquiring an additional 15,542 shares during the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Moffett Nathanson assumed coverage on shares of Dollar Tree in a report on Monday, December 4th. They set a “buy” rating for the company. MKM Partners set a $96.00 price target on shares of Dollar Tree and gave the company a “hold” rating in a report on Monday, November 20th. Bank of America upped their price target on shares of Dollar Tree from $105.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, November 21st. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $118.00 price target on shares of Dollar Tree in a report on Friday, November 3rd. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $105.85.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the business earned $0.72 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. sell-side analysts predict that Dollar Tree, Inc. will post 4.88 earnings per share for the current fiscal year.
In other news, Director Thomas A. Saunders sold 12,440 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $108.15, for a total value of $1,345,386.00. Following the sale, the director now directly owns 2,326,702 shares of the company’s stock, valued at approximately $251,632,821.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Bob Sasser sold 64,002 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $99.74, for a total transaction of $6,383,559.48. The disclosure for this sale can be found here. Insiders sold a total of 143,132 shares of company stock worth $14,679,180 over the last ninety days. Insiders own 4.10% of the company’s stock.
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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