Wright Investors Service Inc. purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,773 shares of the company’s stock, valued at approximately $501,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Westpac Banking Corp increased its position in Dollar Tree by 4.8% during the third quarter. Westpac Banking Corp now owns 59,569 shares of the company’s stock valued at $5,172,000 after acquiring an additional 2,727 shares during the last quarter. Markel Corp increased its position in Dollar Tree by 41.9% during the third quarter. Markel Corp now owns 88,000 shares of the company’s stock valued at $7,640,000 after acquiring an additional 26,000 shares during the last quarter. 1ST Source Bank bought a new position in Dollar Tree during the third quarter valued at $229,000. Crossmark Global Holdings Inc. bought a new position in Dollar Tree during the third quarter valued at $2,418,000. Finally, Integrated Investment Consultants LLC bought a new position in Dollar Tree during the third quarter valued at $150,000. Institutional investors own 90.53% of the company’s stock.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) traded up $0.68 during mid-day trading on Friday, reaching $95.06. The company’s stock had a trading volume of 2,899,190 shares, compared to its average volume of 1,732,224. The company has a quick ratio of 0.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.95. The stock has a market cap of $22,353.40, a price-to-earnings ratio of 22.63, a P/E/G ratio of 1.54 and a beta of 0.59. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $95.64.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. equities research analysts predict that Dollar Tree, Inc. will post 4.66 earnings per share for the current year.
In other Dollar Tree news, Chairman Macon F. Brock, Jr. sold 63,000 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $91.04, for a total value of $5,735,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary M. Philbin sold 9,950 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total value of $841,173.00. Following the completion of the sale, the insider now directly owns 34,532 shares of the company’s stock, valued at $2,919,335.28. The disclosure for this sale can be found here. Insiders sold a total of 251,449 shares of company stock worth $22,808,837 in the last 90 days. 4.10% of the stock is currently owned by insiders.
A number of research analysts have weighed in on DLTR shares. Zacks Investment Research upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Buckingham Research reissued a “buy” rating and set a $87.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. Loop Capital reissued a “buy” rating and set a $86.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a research note on Tuesday, August 22nd. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Dollar Tree currently has a consensus rating of “Buy” and a consensus price target of $92.13.
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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