Grimes & Company Inc. Invests $214,000 in Dollar Tree, Inc. (DLTR) Stock

Grimes & Company Inc. acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,993 shares of the company’s stock, valued at approximately $214,000.

Other large investors have also recently bought and sold shares of the company. Exane Derivatives bought a new position in shares of Dollar Tree during the fourth quarter worth about $104,000. Cerebellum GP LLC bought a new position in shares of Dollar Tree during the fourth quarter worth about $127,000. FTB Advisors Inc. lifted its position in shares of Dollar Tree by 249.2% during the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after purchasing an additional 992 shares during the last quarter. First Personal Financial Services bought a new position in shares of Dollar Tree during the fourth quarter worth about $165,000. Finally, Integrated Investment Consultants LLC bought a new position in shares of Dollar Tree during the third quarter worth about $150,000. 88.73% of the stock is owned by institutional investors.

Shares of Dollar Tree, Inc. (DLTR) opened at $106.08 on Thursday. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $116.65. The company has a market cap of $25,150.00, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.40 and a beta of 0.71. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter last year, the business earned $0.72 earnings per share. Dollar Tree’s revenue was up 6.3% compared to the same quarter last year. equities research analysts forecast that Dollar Tree, Inc. will post 4.88 EPS for the current fiscal year.

DLTR has been the topic of several research analyst reports. MKM Partners set a $96.00 price target on shares of Dollar Tree and gave the stock a “hold” rating in a research report on Monday, November 20th. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Wednesday, October 11th. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price target on the stock. in a research report on Friday, October 13th. Moffett Nathanson assumed coverage on shares of Dollar Tree in a research report on Monday, December 4th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada reiterated a “top pick” rating and set a $111.00 price objective (up previously from $102.00) on shares of Dollar Tree in a research note on Wednesday, November 22nd. Eleven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Dollar Tree currently has an average rating of “Buy” and an average target price of $105.85.

In other news, insider David A. Jacobs sold 9,192 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $99.80, for a total value of $917,361.60. Following the completion of the transaction, the insider now directly owns 13,199 shares in the company, valued at $1,317,260.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Bob Sasser sold 64,002 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total transaction of $6,383,559.48. The disclosure for this sale can be found here. Insiders sold 143,132 shares of company stock worth $14,679,180 in the last 90 days. 4.10% of the stock is owned by company insiders.

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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.

Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR).

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

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