Renaissance Group LLC Sells 553 Shares of Dollar Tree, Inc. (DLTR)

Renaissance Group LLC lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,704 shares of the company’s stock after selling 553 shares during the period. Renaissance Group LLC’s holdings in Dollar Tree were worth $2,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exane Derivatives acquired a new position in Dollar Tree during the fourth quarter worth $104,000. Cerebellum GP LLC acquired a new position in Dollar Tree during the fourth quarter worth $127,000. Advisory Services Network LLC boosted its stake in Dollar Tree by 0.6% during the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after buying an additional 12 shares during the last quarter. FTB Advisors Inc. boosted its stake in Dollar Tree by 249.2% during the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after buying an additional 992 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in Dollar Tree during the third quarter worth $150,000. 88.73% of the stock is currently owned by institutional investors.

Shares of Dollar Tree, Inc. (DLTR) opened at $107.62 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $24,084.26, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.32 and a beta of 0.71. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $116.65.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. research analysts forecast that Dollar Tree, Inc. will post 4.88 earnings per share for the current fiscal year.

A number of research firms have weighed in on DLTR. Guggenheim reissued a “buy” rating on shares of Dollar Tree in a research note on Wednesday, January 31st. Bank of America boosted their price objective on Dollar Tree from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Wells Fargo & Co restated an “outperform” rating and issued a $138.00 target price (up previously from $132.00) on shares of Dollar Tree in a research report on Tuesday, January 23rd. Oppenheimer assumed coverage on Dollar Tree in a research report on Tuesday, January 16th. They issued an “outperform” rating and a $130.00 target price on the stock. Finally, Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 target price on the stock in a research report on Tuesday, January 16th. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $105.85.

In related news, Chairman Bob Sasser sold 64,002 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $99.74, for a total value of $6,383,559.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David A. Jacobs sold 9,192 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $99.80, for a total value of $917,361.60. Following the completion of the sale, the insider now owns 13,199 shares in the company, valued at approximately $1,317,260.20. The disclosure for this sale can be found here. Insiders sold a total of 143,132 shares of company stock worth $14,679,180 in the last quarter. Company insiders own 4.10% of the company’s stock.

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Dollar Tree 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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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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