Boston Partners Takes Position in Dollar Tree, Inc. (DLTR)

Boston Partners purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,507 shares of the company’s stock, valued at approximately $4,038,000.

Several other institutional investors have also added to or reduced their stakes in the business. Advisory Services Network LLC lifted its stake in shares of Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after buying an additional 12 shares in the last quarter. Ironwood Investment Management LLC lifted its stake in shares of Dollar Tree by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock valued at $312,000 after buying an additional 31 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of Dollar Tree by 2.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after buying an additional 36 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Dollar Tree by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,584 shares of the company’s stock valued at $1,229,000 after buying an additional 73 shares in the last quarter. Finally, Eads & Heald Investment Counsel lifted its stake in shares of Dollar Tree by 1.6% in the second quarter. Eads & Heald Investment Counsel now owns 7,822 shares of the company’s stock valued at $547,000 after buying an additional 120 shares in the last quarter. 90.68% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $91.50, for a total value of $136,060.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total transaction of $236,177.50. Following the completion of the transaction, the insider now owns 34,532 shares of the company’s stock, valued at approximately $2,917,954. The disclosure for this sale can be found here. Insiders sold 251,449 shares of company stock valued at $22,808,837 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

Dollar Tree, Inc. (DLTR) opened at $94.61 on Friday. The firm has a market cap of $22,410.00, a PE ratio of 22.41, a PEG ratio of 1.52 and a beta of 0.59. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.83 and a quick ratio of 0.43. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $95.64.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion during 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 was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share. equities research analysts expect that Dollar Tree, Inc. will post 4.67 EPS for the current fiscal year.

A number of research analysts have weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Dollar Tree in a research note on Thursday, November 2nd. Royal Bank Of Canada set a $92.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. KeyCorp reaffirmed a “buy” rating and issued a $98.00 price objective on shares of Dollar Tree in a research note on Friday, November 10th. Finally, Raymond James Financial, Inc. raised shares of Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price objective on the stock in a research note on Friday, August 25th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $93.00.

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.

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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