Trexquant Investment LP Buys New Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Trexquant Investment LP bought a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,400 shares of the company’s stock, valued at approximately $1,356,000. Dollar Tree makes up about 0.4% of Trexquant Investment LP’s portfolio, making the stock its 26th largest position.

A number of other hedge funds also recently modified their holdings of DLTR. Independent Portfolio Consultants Inc. boosted 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 valued at $124,000 after buying an additional 750 shares during the last quarter. Citizens Financial Group Inc. RI boosted 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 valued at $125,000 after buying an additional 48 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Dollar Tree during the first quarter valued at about $124,000. Quadrant Capital Group LLC boosted its stake in shares of 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 last quarter. Finally, YorkBridge Wealth Partners LLC boosted 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 valued at $150,000 after buying an additional 66 shares during the last quarter. Institutional investors own 91.56% of the company’s stock.

Dollar Tree, Inc. (DLTR) traded down 0.12% during mid-day trading on Friday, hitting $74.25. The company had a trading volume of 2,128,280 shares. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $96.35. The stock’s 50 day moving average price is $71.37 and its 200 day moving average price is $75.66. The firm has a market cap of $17.57 billion, a P/E ratio of 20.34 and a beta of 0.68.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.29 billion. During the same period in the prior year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that Dollar Tree, Inc. will post $4.48 EPS for the current fiscal year.

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Several analysts have issued reports on the company. BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Buckingham Research reiterated a “buy” rating and set a $87.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. Loop Capital reiterated a “buy” rating and set a $86.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, August 8th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $95.00 price target (down from $100.00) on shares of Dollar Tree in a report on Sunday, May 28th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. Dollar Tree has an average rating of “Hold” and a consensus price target of $86.91.

In related news, Director Thomas A. Saunders sold 13,660 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $68.75, for a total value of $939,125.00. Following the completion of the transaction, the director now directly owns 2,390,881 shares of the company’s stock, valued at approximately $164,373,068.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lemuel E. Lewis purchased 1,900 shares of the firm’s stock in a transaction on 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 disclosure for this purchase can be found here. Insiders purchased a total of 10,375 shares of company stock valued at $705,819 over the last three months. Corporate insiders own 4.10% of the company’s stock.

Dollar Tree Company 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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