King Luther Capital Management Corp grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 6.4% during the third quarter, HoldingsChannel.com reports. The fund owned 285,779 shares of the company’s stock after acquiring an additional 17,092 shares during the quarter. King Luther Capital Management Corp’s holdings in Dollar Tree were worth $23,305,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Ally Financial Inc. lifted its position in Dollar Tree by 71.4% during the 3rd quarter. Ally Financial Inc. now owns 12,000 shares of the company’s stock worth $979,000 after acquiring an additional 5,000 shares during the period. Tocqueville Asset Management L.P. lifted its position in Dollar Tree by 3.4% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 25,820 shares of the company’s stock worth $2,106,000 after acquiring an additional 840 shares during the period. Redmond Asset Management LLC lifted its position in Dollar Tree by 148.1% during the 3rd quarter. Redmond Asset Management LLC now owns 53,573 shares of the company’s stock worth $4,369,000 after acquiring an additional 31,977 shares during the period. Zuckerman Investment Group LLC lifted its position in Dollar Tree by 0.6% during the 3rd quarter. Zuckerman Investment Group LLC now owns 141,482 shares of the company’s stock worth $11,538,000 after acquiring an additional 776 shares during the period. Finally, Raymond James Trust N.A. lifted its position in Dollar Tree by 32.8% during the 3rd quarter. Raymond James Trust N.A. now owns 3,814 shares of the company’s stock worth $311,000 after acquiring an additional 942 shares during the period. Institutional investors and hedge funds own 92.14% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research raised Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup boosted their price objective on Dollar Tree from $87.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday. Credit Suisse Group reissued an “equal weight” rating on shares of Dollar Tree in a report on Monday. Raymond James set a $95.00 price objective on Dollar Tree and gave the company a “buy” rating in a report on Sunday. Finally, Morgan Stanley reissued a “hold” rating on shares of Dollar Tree in a report on Sunday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $101.64.
In other Dollar Tree news, Director Lemuel E. Lewis purchased 1,210 shares of Dollar Tree stock in a transaction that occurred on Thursday, September 27th. The stock was bought at an average price of $82.75 per share, with a total value of $100,127.50. Following the acquisition, the director now owns 20,114 shares of the company’s stock, valued at approximately $1,664,433.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
NASDAQ DLTR opened at $86.25 on Thursday. The stock has a market capitalization of $20.52 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 1.15 and a beta of 0.65. Dollar Tree, Inc. has a twelve month low of $78.78 and a twelve month high of $116.65. The company has a quick ratio of 0.48, a current ratio of 2.22 and a debt-to-equity ratio of 0.63.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, November 29th. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.03. The company had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.55 billion. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. Dollar Tree’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. As a group, equities research analysts expect that Dollar Tree, Inc. will post 5.45 EPS for the current year.
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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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