Invictus RG decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 29.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,353 shares of the company’s stock after selling 1,392 shares during the quarter. Invictus RG’s holdings in Dollar Tree were worth $360,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Exane Derivatives bought a new stake in shares of Dollar Tree in the fourth quarter worth $104,000. Cerebellum GP LLC bought a new stake in shares of Dollar Tree in the fourth quarter worth $127,000. FTB Advisors Inc. lifted its position in shares of Dollar Tree by 249.2% in the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after purchasing an additional 992 shares in the last quarter. First Personal Financial Services bought a new stake in shares of Dollar Tree in the fourth quarter worth $165,000. Finally, Zions Bancorporation raised its position in Dollar Tree by 6,912.9% during the third quarter. Zions Bancorporation now owns 2,174 shares of the company’s stock worth $189,000 after acquiring an additional 2,143 shares in the last quarter. Institutional investors own 90.97% of the company’s stock.
DLTR has been the topic of several analyst reports. BidaskClub lowered shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 14th. Wells Fargo & Co reiterated an “outperform” rating and issued a $138.00 price objective (up from $132.00) on shares of Dollar Tree in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Thursday, January 4th. Jefferies Group restated a “neutral” rating on shares of Dollar Tree in a research note on Wednesday, March 7th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $101.00 price target (down from $112.00) on shares of Dollar Tree in a research note on Thursday, March 8th. Twelve equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $106.08.
In other Dollar Tree news, Director Conrad M. Hall bought 10,000 shares of the stock in a transaction dated Friday, March 9th. The shares were bought at an average cost of $91.83 per share, for a total transaction of $918,300.00. Following the purchase, the director now directly owns 799 shares of the company’s stock, valued at approximately $73,372.17. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.90% of the company’s stock.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) traded down $1.61 during trading hours on Wednesday, reaching $92.81. The company’s stock had a trading volume of 3,235,205 shares, compared to its average volume of 3,037,028. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. Dollar Tree, Inc. has a fifty-two week low of $65.63 and a fifty-two week high of $116.65. The company has a market cap of $22,030.00, a PE ratio of 12.87, a PEG ratio of 1.22 and a beta of 0.80.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing the 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 company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter last year, the business posted $1.36 earnings per share. Dollar Tree’s revenue was up 12.9% on a year-over-year basis. equities research analysts forecast that Dollar Tree, Inc. will post 5.65 earnings per share for the current year.
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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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