Goelzer Investment Management Inc. Sells 989 Shares of Dollar Tree, Inc. (DLTR)

Goelzer Investment Management Inc. lowered its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.9% in the 4th quarter, HoldingsChannel reports. The fund owned 32,670 shares of the company’s stock after selling 989 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Dollar Tree were worth $3,506,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Exane Derivatives acquired a new stake in Dollar Tree during the 4th quarter valued at $104,000. Cerebellum GP LLC acquired a new stake in Dollar Tree during the 4th quarter valued at $127,000. Advisory Services Network LLC grew its holdings in Dollar Tree by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after purchasing an additional 12 shares in the last quarter. FTB Advisors Inc. grew its holdings in Dollar Tree by 249.2% during the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock valued at $149,000 after purchasing an additional 992 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in Dollar Tree during the 3rd quarter valued at $150,000. 88.73% of the stock is owned by institutional investors.

Dollar Tree, Inc. (NASDAQ:DLTR) opened at $101.58 on Friday. 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, Inc. has a 52-week low of $65.63 and a 52-week high of $116.65. The stock has a market cap of $25,151.20, a PE ratio of 24.19, a PEG ratio of 1.38 and a beta of 0.71.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ 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 the consensus estimate of $5.28 billion. During the same period last year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. research analysts anticipate that Dollar Tree, Inc. will post 4.88 earnings per share for the current year.

In other news, Director Thomas A. Saunders sold 33,750 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 2,332,294 shares in the company, valued at approximately $248,016,143.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas A. Saunders sold 12,440 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $108.15, for a total transaction of $1,345,386.00. Following the completion of the transaction, the director now owns 2,326,702 shares in the company, valued at $251,632,821.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,132 shares of company stock worth $14,679,180. Insiders own 4.10% of the company’s stock.

A number of equities research analysts recently weighed in on DLTR shares. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price target for the company. in a report on Friday, October 13th. Royal Bank of Canada set a $92.00 price target on shares of Dollar Tree and gave the company a “buy” rating in a report on Monday, October 30th. Zacks Investment Research lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group reaffirmed a “hold” rating and set a $85.00 price target on shares of Dollar Tree in a report on Tuesday, October 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $90.00 price target on shares of Dollar Tree in a report on Thursday, November 2nd. Eleven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $105.85.

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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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