ETRADE Capital Management LLC decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 7.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,180 shares of the company’s stock after selling 2,074 shares during the period. ETRADE Capital Management LLC’s holdings in Dollar Tree were worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of DLTR. Waldron LP bought a new stake in shares of Dollar Tree during the 1st quarter valued at $203,000. UBS Asset Management Americas Inc. grew its position in shares of Dollar Tree by 1.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 590,710 shares of the company’s stock valued at $46,347,000 after acquiring an additional 7,288 shares during the period. Mutual of America Capital Management LLC grew its position in shares of Dollar Tree by 9.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 33,182 shares of the company’s stock valued at $2,603,000 after acquiring an additional 2,880 shares during the period. Northwestern Mutual Investment Management Company LLC grew its position in shares of Dollar Tree by 76.0% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 47,720 shares of the company’s stock valued at $3,744,000 after acquiring an additional 20,613 shares during the period. Finally, South State Corp grew its position in shares of Dollar Tree by 60.4% during the 1st quarter. South State Corp now owns 9,048 shares of the company’s stock valued at $711,000 after acquiring an additional 3,406 shares during the period. 90.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Dollar Tree, Inc. (DLTR) traded up 0.54% during mid-day trading on Friday, hitting $83.59. 319,809 shares of the stock traded hands. The firm has a 50 day moving average of $78.20 and a 200 day moving average of $76.10. The company has a market cap of $19.80 billion, a P/E ratio of 21.38 and a beta of 0.68. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $91.41.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. Equities analysts anticipate that Dollar Tree, Inc. will post $4.66 EPS for the current fiscal year.
In other Dollar Tree news, Director Lemuel E. Lewis purchased 1,900 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were purchased at an average cost of $66.70 per share, with a total value of $126,730.00. Following the completion of the purchase, the director now owns 16,404 shares in the company, valued at approximately $1,094,146.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gary M. Philbin sold 9,950 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total transaction of $841,173.00. Following the completion of the transaction, the insider now directly owns 34,532 shares in the company, valued at $2,919,335.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,849 shares of company stock worth $2,528,548. Insiders own 4.10% of the company’s stock.
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A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Loop Capital restated a “buy” rating and set a $88.00 target price on shares of Dollar Tree in a research note on Wednesday. Buckingham Research restated a “buy” rating and set a $87.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. BMO Capital Markets set a $90.00 target price on shares of Dollar Tree and gave the company a “market perform” rating in a research note on Friday, August 25th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $85.00 target price on shares of Dollar Tree in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $88.04.
Dollar Tree 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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