Nine Chapters Capital Management LLC Acquires New Position in Dollar Tree, Inc. (DLTR)

Nine Chapters Capital Management LLC acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $260,000.

Other institutional investors have also recently modified their holdings of the company. BlueMountain Capital Management LLC grew its stake in Dollar Tree by 119.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after buying an additional 825 shares during the last quarter. Sun Life Financial INC grew its stake in Dollar Tree by 17,100.0% during the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after buying an additional 1,710 shares during the last quarter. Integrated Investment Consultants LLC bought a new stake in Dollar Tree during the third quarter worth about $150,000. Independent Portfolio Consultants Inc. grew its stake in Dollar Tree by 18.1% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after buying an additional 285 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its stake in Dollar Tree by 2.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after buying an additional 36 shares during the last quarter. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Thomas A. Saunders sold 18,621 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $91.11, for a total transaction of $1,696,559.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William A. Old, Jr. sold 1,487 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The disclosure for this sale can be found here. Insiders have sold a total of 251,449 shares of company stock worth $22,808,837 in the last quarter. 4.10% of the stock is owned by corporate insiders.

Several analysts have weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Dollar Tree in a research note on Friday. They set an “outperform” rating and a $106.00 price objective on the stock. J P Morgan Chase & Co upped their price objective on shares of Dollar Tree to $118.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank Of Canada set a $92.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price objective on the stock. in a research note on Friday, October 13th. Twelve investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $91.91.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion for 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 for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 EPS.

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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.

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

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