Whetstone Capital Advisors LLC lifted its position in Dollar Tree (NASDAQ:DLTR) by 18.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,866 shares of the company’s stock after purchasing an additional 14,200 shares during the period. Dollar Tree comprises about 4.2% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 8th biggest holding. Whetstone Capital Advisors LLC’s holdings in Dollar Tree were worth $8,623,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of DLTR. American Century Companies Inc. increased its holdings in Dollar Tree by 83.8% in the 1st quarter. American Century Companies Inc. now owns 4,467,563 shares of the company’s stock worth $423,972,000 after acquiring an additional 2,036,622 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Dollar Tree by 128.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,365,586 shares of the company’s stock worth $224,494,000 after acquiring an additional 1,331,959 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Dollar Tree by 2,567.0% in 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 in the last quarter. Capital Growth Management LP purchased a new stake in Dollar Tree in the 4th quarter worth $49,363,000. Finally, Eagle Asset Management Inc. increased its holdings in Dollar Tree by 1,332.1% in the 4th quarter. Eagle Asset Management Inc. now owns 398,003 shares of the company’s stock worth $42,730,000 after acquiring an additional 370,211 shares in the last quarter. Hedge funds and other institutional investors own 91.17% of the company’s stock.
In related news, insider Robert H. Rudman sold 2,764 shares of the company’s stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $93.70, for a total value of $258,986.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert H. Rudman sold 6,074 shares of the company’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $93.95, for a total transaction of $570,652.30. Following the completion of the sale, the insider now directly owns 11,170 shares of the company’s stock, valued at approximately $1,049,421.50. The disclosure for this sale can be found here. Insiders sold 14,861 shares of company stock valued at $1,398,752 in the last three months. 1.50% of the stock is currently owned by insiders.
Shares of DLTR opened at $95.18 on Friday. The company has a quick ratio of 0.49, a current ratio of 1.60 and a debt-to-equity ratio of 0.66. Dollar Tree has a 12-month low of $65.63 and a 12-month high of $116.65. The stock has a market capitalization of $22.50 billion, a P/E ratio of 19.58, a PEG ratio of 1.14 and a beta of 0.83.
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 firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same period in the prior year, the company posted $1.36 EPS. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. equities research analysts anticipate that Dollar Tree will post 5.65 EPS for the current year.
Several equities research analysts recently commented on the stock. Moffett Nathanson lowered shares of Dollar Tree from a “buy” rating to a “neutral” rating in a report on Friday, May 11th. Loop Capital raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Wednesday, April 18th. BidaskClub lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Tuesday, May 8th. Cleveland Research lowered shares of Dollar Tree from a “buy” rating to a “neutral” rating in a report on Wednesday, May 16th. Finally, BMO Capital Markets dropped their target price on shares of Dollar Tree from $115.00 to $97.00 and set a “hold” rating for the company in a report on Thursday, March 8th. Eleven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Dollar Tree presently has an average rating of “Buy” and an average price target of $110.31.
Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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