Artemis Investment Management LLP lifted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 1,409.4% during the 3rd quarter, Holdings Channel reports. The firm owned 487,586 shares of the company’s stock after buying an additional 455,282 shares during the quarter. Artemis Investment Management LLP’s holdings in Dollar Tree were worth $55,564,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of DLTR. Patriot Financial Group Insurance Agency LLC raised its position in shares of Dollar Tree by 1,394.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 269 shares of the company’s stock valued at $29,000 after acquiring an additional 251 shares during the period. Coastal Investment Advisors Inc. grew its stake in shares of Dollar Tree by 1,515.0% in the second quarter. Coastal Investment Advisors Inc. now owns 323 shares of the company’s stock valued at $34,000 after buying an additional 303 shares in the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Dollar Tree by 214.7% in the second quarter. CSat Investment Advisory L.P. now owns 365 shares of the company’s stock valued at $39,000 after buying an additional 249 shares in the last quarter. Berman Capital Advisors LLC grew its stake in shares of Dollar Tree by 55.4% in the second quarter. Berman Capital Advisors LLC now owns 474 shares of the company’s stock valued at $50,000 after buying an additional 169 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its stake in shares of Dollar Tree by 39.5% in the second quarter. Commonwealth Bank of Australia now owns 569 shares of the company’s stock valued at $58,000 after buying an additional 161 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on DLTR shares. Credit Suisse Group set a $110.00 target price on shares of Dollar Tree and gave the company a “buy” rating in a research note on Friday, August 30th. BidaskClub raised Dollar Tree from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 26th. ValuEngine downgraded Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup set a $120.00 price target on Dollar Tree and gave the company a “hold” rating in a report on Friday, September 27th. Finally, TheStreet downgraded Dollar Tree from a “b-” rating to a “c+” rating in a report on Wednesday, July 31st. Eleven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $107.63.
In related news, Director Thomas A. Saunders sold 1,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $116.00, for a total value of $116,000.00. Following the completion of the transaction, the director now owns 2,381,145 shares of the company’s stock, valued at $276,212,820. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Bob Sasser sold 70,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $115.92, for a total value of $8,114,400.00. Following the completion of the transaction, the chairman now directly owns 719 shares of the company’s stock, valued at approximately $83,346.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,800 shares of company stock valued at $9,210,880. 1.40% of the stock is owned by insiders.
Shares of DLTR traded up $0.13 during midday trading on Thursday, reaching $113.12. 309,772 shares of the stock were exchanged, compared to its average volume of 1,902,710. Dollar Tree, Inc. has a twelve month low of $78.78 and a twelve month high of $116.59. The company has a quick ratio of 0.21, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. The company has a market cap of $26.78 billion, a P/E ratio of 20.76, a PEG ratio of 2.70 and a beta of 0.57. The stock’s 50 day simple moving average is $107.78 and its 200 day simple moving average is $105.23.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 29th. The company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.20). The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.72 billion. Dollar Tree had a positive return on equity of 19.76% and a negative net margin of 6.77%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 EPS. As a group, analysts predict that Dollar Tree, Inc. will post 5.2 earnings per share for the current year.
Dollar Tree Profile
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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