RiverPark Advisors LLC Has $4.80 Million Stake in Dollar Tree, Inc. (DLTR)

RiverPark Advisors LLC grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 62.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,286 shares of the company’s stock after buying an additional 21,218 shares during the quarter. Dollar Tree accounts for about 0.6% of RiverPark Advisors LLC’s portfolio, making the stock its 25th largest holding. RiverPark Advisors LLC’s holdings in Dollar Tree were worth $4,800,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of DLTR. Oppenheimer Asset Management Inc. raised its holdings in Dollar Tree by 10.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 50,302 shares of the company’s stock worth $4,367,000 after purchasing an additional 4,691 shares during the period. Monetta Financial Services Inc. acquired a new position in Dollar Tree in the 3rd quarter worth about $2,518,000. Goodnow Investment Group LLC raised its holdings in Dollar Tree by 3.5% in the 3rd quarter. Goodnow Investment Group LLC now owns 207,075 shares of the company’s stock worth $17,978,000 after purchasing an additional 7,014 shares during the period. Asset Management One Co. Ltd. raised its holdings in Dollar Tree by 4.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 379,137 shares of the company’s stock worth $32,896,000 after purchasing an additional 15,542 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Dollar Tree by 84.2% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 132,634 shares of the company’s stock worth $11,515,000 after purchasing an additional 60,638 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

In related news, insider Gary M. Philbin sold 9,950 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total value of $841,173.00. Following the transaction, the insider now directly owns 34,532 shares in the company, valued at $2,919,335.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas A. Saunders sold 33,750 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $106.34, for a total value of $3,588,975.00. Following the completion of the transaction, the director now owns 2,332,294 shares in the company, valued at $248,016,143.96. The disclosure for this sale can be found here. Insiders sold 382,141 shares of company stock worth $36,142,631 over the last quarter. 2.90% of the stock is currently owned by insiders.

A number of equities analysts recently weighed in on DLTR shares. Jefferies Group reaffirmed a “hold” rating and issued a $85.00 price target on shares of Dollar Tree in a report on Tuesday, October 31st. J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $118.00 price target on shares of Dollar Tree in a report on Friday, November 3rd. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Wednesday, November 8th. Sanford C. Bernstein upgraded Dollar Tree from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Finally, Raymond James Financial upgraded Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price objective for the company in a research note on Friday, August 25th. Eleven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $99.92.

Dollar Tree, Inc. (NASDAQ:DLTR) opened at $105.52 on Thursday. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $107.11. The company has a market capitalization of $25,219.96, a P/E ratio of 24.34, a P/E/G ratio of 1.67 and a beta of 0.64. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. equities analysts anticipate that Dollar Tree, Inc. will post 4.84 EPS for the current fiscal year.

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

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