NuWave Investment Management LLC Purchases New Holdings in Dollar Tree, Inc. (DLTR)

NuWave Investment Management LLC purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,347 shares of the company’s stock, valued at approximately $789,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DLTR. QS Investors LLC lifted its holdings in shares of Dollar Tree by 31.5% in the 2nd quarter. QS Investors LLC now owns 5,471 shares of the company’s stock worth $383,000 after purchasing an additional 1,311 shares during the last quarter. Janus Henderson Group PLC increased its position in Dollar Tree by 57.2% in the 2nd quarter. Janus Henderson Group PLC now owns 47,090 shares of the company’s stock valued at $3,293,000 after acquiring an additional 17,137 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in Dollar Tree by 1.1% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 40,872 shares of the company’s stock valued at $2,856,000 after acquiring an additional 449 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Dollar Tree in the 2nd quarter valued at approximately $294,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in Dollar Tree by 2.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 26,636 shares of the company’s stock valued at $1,862,000 after acquiring an additional 634 shares during the period. 88.89% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree, Inc. (DLTR) opened at $107.62 on Monday. 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 $25,516.33, a price-to-earnings ratio of 25.62, a P/E/G ratio of 1.40 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 issued its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. analysts anticipate that Dollar Tree, Inc. will post 4.88 earnings per share for the current fiscal year.

Several analysts recently commented on the company. Guggenheim restated a “buy” rating on shares of Dollar Tree in a research report on Wednesday, January 31st. Bank of America raised their target price on Dollar Tree from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Co restated an “outperform” rating and issued a $138.00 target price (up 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 analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $105.85.

In related news, insider Joshua R. Jewett sold 3,570 shares of Dollar Tree stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $99.00, for a total value of $353,430.00. Following the transaction, the insider now directly owns 6,976 shares in the company, valued at approximately $690,624. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas A. Saunders sold 33,750 shares of Dollar Tree stock in a transaction on Monday, December 4th. The stock was sold at an average price of $106.34, for a total value of $3,588,975.00. Following the completion of the transaction, the director now owns 2,332,294 shares in the company, valued at $248,016,143.96. 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 90 days. Insiders own 2.90% 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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