Sigma Planning Corp purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,566 shares of the company’s stock, valued at approximately $389,000.
A number of other hedge funds have also made changes to their positions in DLTR. Independent Portfolio Consultants Inc. raised its stake in shares of 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 last quarter. FNY Managed Accounts LLC acquired a new stake in shares of Dollar Tree during the first quarter worth approximately $124,000. Citizens Financial Group Inc. RI raised its stake in shares of 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 last quarter. Advisory Services Network LLC acquired a new stake in shares of Dollar Tree during the first quarter worth approximately $150,000. Finally, YorkBridge Wealth Partners LLC raised its stake in shares of 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 last quarter. 91.56% of the stock is owned by institutional investors.
Dollar Tree, Inc. (NASDAQ DLTR) opened at 73.44 on Wednesday. The firm has a 50-day moving average price of $70.96 and a 200 day moving average price of $75.68. The stock has a market capitalization of $17.38 billion, a PE ratio of 20.12 and a beta of 0.68. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $96.40.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.98 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.98. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.29 billion. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 earnings per share. Equities analysts anticipate that Dollar Tree, Inc. will post $4.48 earnings per share for the current year.
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DLTR has been the subject of a number of research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $95.00 price target on shares of Dollar Tree in a research note on Tuesday, July 4th. BTIG Research reaffirmed a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a research note on Monday, May 22nd. Gordon Haskett initiated coverage on Dollar Tree in a research note on Tuesday, May 9th. They issued a “buy” rating and a $98.00 price target for the company. Johnson Rice raised Dollar Tree from an “accumulate” rating to a “buy” rating in a research note on Monday, April 24th. Finally, Loop Capital raised Dollar Tree from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $86.00 in a research note on Wednesday, June 28th. Two equities 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. Dollar Tree has an average rating of “Hold” and a consensus target price of $86.91.
In related news, Director Thomas A. Saunders sold 7,444 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $68.79, for a total transaction of $512,072.76. Following the sale, the director now directly owns 2,390,881 shares of the company’s stock, valued at $164,468,703.99. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Conrad M. Hall bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were bought at an average cost of $66.16 per share, for a total transaction of $330,800.00. Following the completion of the acquisition, the director now owns 63,299 shares of the company’s stock, valued at $4,187,861.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 10,375 shares of company stock worth $705,819. 2.90% of the stock is owned by corporate insiders.
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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