Dynamic Capital Management Ltd acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,615 shares of the company’s stock, valued at approximately $275,000.
Other hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its position in Dollar Tree by 8,821.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock valued at $26,000 after acquiring an additional 2,301,814 shares in the last quarter. Executive Wealth Management LLC bought a new position in Dollar Tree in the 4th quarter valued at about $26,000. Capital Investment Advisory Services LLC bought a new position in Dollar Tree in the 4th quarter valued at about $31,000. Riverview Trust Co bought a new position in Dollar Tree in the 4th quarter valued at about $32,000. Finally, Parkside Financial Bank & Trust lifted its position in Dollar Tree by 47.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock valued at $32,000 after acquiring an additional 97 shares in the last quarter. 94.58% of the stock is currently owned by institutional investors.
In related news, Director Arnold S. Barron sold 11,667 shares of Dollar Tree stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $101.61, for a total value of $1,185,483.87. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $1,524,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Duncan C. Macnaughton sold 9,157 shares of Dollar Tree stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $102.11, for a total transaction of $935,021.27. Following the completion of the transaction, the insider now owns 9,945 shares of the company’s stock, valued at $1,015,483.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,248 shares of company stock valued at $5,221,707. 1.40% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on DLTR shares. Raymond James set a $107.00 price target on shares of Dollar Tree and gave the company a “buy” rating in a research report on Tuesday, February 26th. BidaskClub cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Telsey Advisory Group reissued a “market perform” rating and set a $103.00 target price (up previously from $90.00) on shares of Dollar Tree in a research report on Thursday, March 7th. Piper Jaffray Companies lifted their target price on shares of Dollar Tree to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Finally, Credit Suisse Group lifted their target price on shares of Dollar Tree from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $103.72.
Shares of DLTR stock opened at $108.05 on Thursday. The company has a quick ratio of 0.23, a current ratio of 1.07 and a debt-to-equity ratio of 1.45. Dollar Tree, Inc. has a 12-month low of $78.78 and a 12-month high of $111.61. The company has a market cap of $25.31 billion, a PE ratio of 19.83, a P/E/G ratio of 2.05 and a beta of 0.52.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.14. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. The company had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.78 billion. During the same quarter last year, the business posted $1.19 EPS. Dollar Tree’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts forecast that Dollar Tree, Inc. will post 5.2 earnings per share for the current fiscal year.
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About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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