Crossmark Global Holdings Inc. Acquires New Position in Dollar Tree, Inc. (DLTR)

Crossmark Global Holdings Inc. acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,847 shares of the company’s stock, valued at approximately $2,418,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC increased its stake in shares of Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after purchasing an additional 12 shares in the last quarter. Ironwood Investment Management LLC increased its stake in shares of Dollar Tree by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock worth $312,000 after purchasing an additional 31 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of Dollar Tree by 2.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after purchasing an additional 36 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Dollar Tree by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,584 shares of the company’s stock worth $1,229,000 after purchasing an additional 73 shares in the last quarter. Finally, Eads & Heald Investment Counsel increased its stake in shares of Dollar Tree by 1.6% in the second quarter. Eads & Heald Investment Counsel now owns 7,822 shares of the company’s stock worth $547,000 after purchasing an additional 120 shares in the last quarter. 90.53% of the stock is owned by hedge funds and other institutional investors.

DLTR has been the subject of a number of analyst reports. Bank of America Corporation initiated coverage on shares of Dollar Tree in a research note on Friday, August 25th. They issued a “buy” rating and a $91.00 price objective for the company. Deutsche Bank AG reissued a “buy” rating and issued a $98.00 price objective (up from $95.00) on shares of Dollar Tree in a research note on Thursday, August 24th. BTIG Research reissued a “buy” rating and issued a $98.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 23rd. Loop Capital reissued a “buy” rating and issued a $86.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. Finally, Buckingham Research reissued a “buy” rating and issued a $87.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. Twelve equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Dollar Tree has an average rating of “Buy” and a consensus price target of $91.91.

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In other news, insider William A. Old, Jr. sold 1,487 shares of the stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.50, for a total value of $136,060.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Gary M. Philbin sold 2,795 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the completion of the sale, the insider now directly owns 34,532 shares in the company, valued at approximately $2,917,954. The disclosure for this sale can be found here. In the last three months, insiders sold 251,449 shares of company stock worth $22,808,837. Insiders own 2.90% of the company’s stock.

Shares of Dollar Tree, Inc. (NASDAQ DLTR) opened at $93.75 on Monday. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $94.80. The firm has a market cap of $22,204.19, a price-to-earnings ratio of 22.48, a PEG ratio of 1.53 and a beta of 0.59. The company has a quick ratio of 0.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.95.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. sell-side analysts expect that Dollar Tree, Inc. will post 4.66 EPS for the current year.

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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