Parametric Portfolio Associates LLC Boosts Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Parametric Portfolio Associates LLC grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 657,540 shares of the company’s stock after buying an additional 50,560 shares during the period. Parametric Portfolio Associates LLC’s holdings in Dollar Tree were worth $70,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DLTR. Geode Capital Management LLC raised its holdings in shares of Dollar Tree by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 3,194,952 shares of the company’s stock worth $288,077,000 after buying an additional 245,852 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Dollar Tree by 158.2% in the first quarter. SG Americas Securities LLC now owns 5,043 shares of the company’s stock worth $530,000 after buying an additional 3,090 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of Dollar Tree in the first quarter worth $413,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Dollar Tree by 9.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 6,299 shares of the company’s stock worth $663,000 after buying an additional 531 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. raised its holdings in shares of Dollar Tree by 21.6% in the first quarter. Bbva Compass Bancshares Inc. now owns 4,232 shares of the company’s stock worth $445,000 after buying an additional 753 shares during the last quarter. 94.00% of the stock is owned by institutional investors and hedge funds.

In other news, Director Thomas A. Saunders sold 14,530 shares of Dollar Tree stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $111.85, for a total value of $1,625,180.50. Following the sale, the director now owns 2,391,704 shares in the company, valued at $267,512,092.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gary Maxwell sold 2,800 shares of Dollar Tree stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $107.15, for a total transaction of $300,020.00. Following the completion of the sale, the insider now owns 7,254 shares in the company, valued at approximately $777,266.10. The disclosure for this sale can be found here. Insiders sold 29,800 shares of company stock valued at $3,305,235 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

A number of research firms have issued reports on DLTR. JPMorgan Chase & Co. raised their price target on shares of Dollar Tree from $116.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday. OTR Global raised shares of Dollar Tree from a “mixed” rating to a “positive” rating in a report on Friday, August 23rd. Deutsche Bank cut shares of Dollar Tree from a “buy” rating to a “hold” rating and reduced their target price for the stock from $106.00 to $99.00 in a report on Monday, August 5th. KeyCorp reissued an “overweight” rating and set a $115.00 target price (up previously from $108.00) on shares of Dollar Tree in a report on Friday, May 31st. Finally, Credit Suisse Group set a $110.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a report on Friday, August 30th. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $105.21.

DLTR traded up $0.34 on Friday, reaching $112.28. The stock had a trading volume of 76,128 shares, compared to its average volume of 2,355,524. Dollar Tree, Inc. has a 12-month low of $78.78 and a 12-month high of $113.38. The company has a current ratio of 1.06, a quick ratio of 0.21 and a debt-to-equity ratio of 1.41. The business’s 50-day moving average price is $99.14 and its two-hundred day moving average price is $103.40. The company has a market cap of $26.40 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.54.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.20). Dollar Tree had a negative net margin of 6.77% and a positive return on equity of 19.76%. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the firm posted $1.15 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, analysts predict that Dollar Tree, Inc. will post 5.23 earnings per share for the current year.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

Further Reading: Neutral Rating

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

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