First Allied Advisory Services Inc. grew its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 8.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,430 shares of the company’s stock after buying an additional 280 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Dollar Tree were worth $237,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. BlueMountain Capital Management LLC lifted its position in Dollar Tree by 119.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after buying an additional 825 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in Dollar Tree during the 1st quarter worth about $124,000. Independent Portfolio Consultants Inc. lifted its position in Dollar Tree by 18.1% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after buying an additional 285 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Dollar Tree during the 2nd quarter worth about $156,000. Finally, Global X Management Co. LLC lifted its position in Dollar Tree by 29.6% during the 1st quarter. Global X Management Co. LLC now owns 2,157 shares of the company’s stock worth $169,000 after buying an additional 493 shares in the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.
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In other Dollar Tree news, insider Gary M. Philbin sold 9,950 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total value of $841,173.00. Following the completion of the transaction, the insider now owns 34,532 shares of the company’s stock, valued at approximately $2,919,335.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Jacobs sold 5,596 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $88.25, for a total transaction of $493,847.00. The disclosure for this sale can be found here. In the last three months, insiders sold 32,001 shares of company stock valued at $2,510,323. Corporate insiders own 4.10% of the company’s stock.
Several equities research analysts have commented on DLTR shares. BidaskClub cut shares of Dollar Tree from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Loop Capital reaffirmed a “hold” rating and issued a $80.00 target price on shares of Dollar Tree in a report on Friday, June 23rd. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $65.00 target price on shares of Dollar Tree in a report on Friday, June 30th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $95.00 target price on shares of Dollar Tree in a report on Tuesday, July 4th. Finally, Zacks Investment Research raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Dollar Tree presently has a consensus rating of “Buy” and an average target price of $90.14.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at 91.23 on Thursday. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $91.41. The firm has a market cap of $21.61 billion, a price-to-earnings ratio of 23.34 and a beta of 0.70. The company’s 50 day moving average is $83.98 and its 200 day moving average is $77.47.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. Dollar Tree’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts anticipate that Dollar Tree, Inc. will post $4.68 earnings per share for the current year.
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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