Essex Investment Management Co. LLC lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,353 shares of the company’s stock after selling 51 shares during the period. Essex Investment Management Co. LLC’s holdings in Dollar Tree were worth $514,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Independent Portfolio Consultants Inc. boosted its stake in Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the period. Citizens Financial Group Inc. RI boosted its stake in Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares during the period. FNY Managed Accounts LLC purchased a new stake in Dollar Tree during the first quarter worth approximately $124,000. Quadrant Capital Group LLC boosted its stake in Dollar Tree by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 1,769 shares of the company’s stock worth $134,000 after buying an additional 134 shares during the period. Finally, YorkBridge Wealth Partners LLC boosted its stake in Dollar Tree by 3.7% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,841 shares of the company’s stock worth $150,000 after buying an additional 66 shares during the period. Institutional investors own 91.56% of the company’s stock.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) traded up 1.52% during mid-day trading on Monday, reaching $74.62. The company’s stock had a trading volume of 3,399,102 shares. The company’s 50-day moving average is $70.59 and its 200-day moving average is $75.72. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 20.44 and a beta of 0.68. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $97.39.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, May 25th. The company reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The firm had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. Dollar Tree’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts predict that Dollar Tree, Inc. will post $4.48 EPS for the current year.
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DLTR has been the subject of a number of analyst reports. Johnson Rice upgraded Dollar Tree from an “accumulate” rating to a “buy” rating in a research report on Monday, April 24th. BidaskClub upgraded Dollar Tree from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Gordon Haskett initiated coverage on Dollar Tree in a research report on Tuesday, May 9th. They set a “buy” rating and a $98.00 target price for the company. Loop Capital upgraded Dollar Tree from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $86.00 in a research report on Wednesday, June 28th. Finally, Zacks Investment Research upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $86.91.
In other Dollar Tree news, Director Conrad M. Hall bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was acquired at an average cost of $66.16 per share, with a total value of $330,800.00. Following the completion of the purchase, the director now directly owns 63,299 shares in the company, valued at $4,187,861.84. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lemuel E. Lewis bought 3,475 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were acquired at an average cost of $71.45 per share, with a total value of $248,288.75. Following the completion of the purchase, the director now owns 12,744 shares of the company’s stock, valued at $910,558.80. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 10,375 shares of company stock valued at $705,819. 2.90% of the stock is owned by insiders.
Dollar Tree Company 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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