Dynamic Capital Management Ltd lowered its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 95.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,133 shares of the company’s stock after selling 42,066 shares during the period. Dynamic Capital Management Ltd’s holdings in Dollar Tree were worth $229,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. increased its holdings in Dollar Tree by 184,411.9% during the 3rd quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock worth $720,869,000 after acquiring an additional 8,298,537 shares during the period. DSM Capital Partners LLC increased its holdings in Dollar Tree by 1,443,950.0% during the 3rd quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock worth $105,314,000 after acquiring an additional 1,212,918 shares during the period. Mar Vista Investment Partners LLC bought a new stake in Dollar Tree during the 3rd quarter worth approximately $100,828,000. Russell Investments Group Ltd. increased its holdings in Dollar Tree by 78.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,876,816 shares of the company’s stock worth $162,931,000 after acquiring an additional 827,665 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Dollar Tree by 2,567.0% during the 4th quarter. Victory Capital Management Inc. now owns 595,569 shares of the company’s stock worth $63,911,000 after acquiring an additional 573,238 shares during the period. 90.97% of the stock is currently owned by institutional investors.
In other Dollar Tree news, Director Conrad M. Hall acquired 10,000 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was bought at an average price of $91.83 per share, with a total value of $918,300.00. Following the purchase, the director now owns 799 shares of the company’s stock, valued at $73,372.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by corporate insiders.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 7th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.01). Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same period last year, the company posted $1.36 EPS. Dollar Tree’s revenue for the quarter was up 12.9% on a year-over-year basis. analysts forecast that Dollar Tree, Inc. will post 5.65 earnings per share for the current fiscal year.
DLTR has been the topic of a number of analyst reports. Buckingham Research upped their target price on shares of Dollar Tree from $93.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, November 20th. UBS Group reaffirmed a “buy” rating and set a $106.00 target price (up previously from $100.00) on shares of Dollar Tree in a report on Tuesday, November 14th. Goldman Sachs Group initiated coverage on shares of Dollar Tree in a report on Tuesday, November 14th. They set a “buy” rating and a $106.00 target price on the stock. Bank of America upped their target price on shares of Dollar Tree from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. Finally, Moffett Nathanson started coverage on shares of Dollar Tree in a research note on Monday, December 4th. They issued a “buy” rating for the company. Eleven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $105.38.
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About Dollar Tree
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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