Gilbert & Cook Inc. acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,814 shares of the company’s stock, valued at approximately $407,000.
A number of other large investors also recently added to or reduced their stakes in DLTR. VNBTrust National Association boosted its stake in Dollar Tree by 54.3% in the first quarter. VNBTrust National Association now owns 56,500 shares of the company’s stock valued at $4,433,000 after buying an additional 19,875 shares during the period. Regentatlantic Capital LLC boosted its stake in Dollar Tree by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 78,613 shares of the company’s stock valued at $6,168,000 after buying an additional 255 shares during the period. Carroll Financial Associates Inc. boosted its stake in Dollar Tree by 12.0% in the first quarter. Carroll Financial Associates Inc. now owns 4,003 shares of the company’s stock valued at $314,000 after buying an additional 430 shares during the period. National Pension Service boosted its stake in Dollar Tree by 15.7% in the first quarter. National Pension Service now owns 221,171 shares of the company’s stock valued at $17,570,000 after buying an additional 30,070 shares during the period. Finally, 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 valued at $134,000 after buying an additional 134 shares during the period. 91.71% of the stock is owned by institutional investors.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at 73.50 on Friday. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 20.14 and a beta of 0.68. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $96.95. The stock has a 50 day moving average of $70.59 and a 200-day moving average of $75.72.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 25th. The company reported $0.98 EPS for the quarter, meeting analysts’ consensus estimates of $0.98. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.29 billion. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. Equities analysts anticipate that Dollar Tree, Inc. will post $4.48 EPS for the current fiscal year.
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Several research firms have issued reports on DLTR. Gordon Haskett began coverage on shares of Dollar Tree in a research report on Tuesday, May 9th. They issued a “buy” rating and a $98.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a research report on Monday, May 22nd. Johnson Rice raised shares of Dollar Tree from an “accumulate” rating to a “buy” rating in a research report on Monday, April 24th. Bank of America Corporation reaffirmed a “buy” rating and issued a $95.00 price target (down previously from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. Finally, BMO Capital Markets set a $88.00 price target on shares of Dollar Tree and gave the stock a “hold” rating in a research report on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. The stock currently 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 dated Monday, July 10th. The shares were acquired at an average cost of $66.16 per share, with a total value of $330,800.00. Following the acquisition, the director now directly owns 63,299 shares of the company’s stock, valued at approximately $4,187,861.84. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Saunders sold 7,444 shares of the business’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $68.79, for a total transaction of $512,072.76. Following the completion of the transaction, the director now directly owns 2,390,881 shares in the company, valued at $164,468,703.99. The disclosure for this sale can be found here. Insiders bought a total of 10,375 shares of company stock worth $705,819 over the last ninety days. Corporate insiders own 4.10% of the company’s stock.
About Dollar Tree
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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