Today, BB&T Corp Raises Stake in Dollar Tree Inc. (DLTR)

Today, BB&T Corp Raises Stake in Dollar Tree Inc. (DLTR)
BB&T Corp increased its stake in Dollar Tree Inc. (NASDAQ:DLTR) by 2.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,982 shares of the company’s stock after buying an additional 282 shares during the period. BB&T Corp’s holdings in Dollar Tree were worth $1,025,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DLTR. DAVENPORT & Co LLC boosted its stake in Dollar Tree by 2.8% in the second quarter. DAVENPORT & Co LLC now owns 656,497 shares of the company’s stock worth $61,868,000 after buying an additional 17,909 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of Dollar Tree by 1.4% in the second quarter. Gateway Investment Advisers LLC now owns 43,120 shares of the company’s stock worth $4,064,000 after buying an additional 589 shares during the last quarter. Forte Capital LLC ADV boosted its stake in shares of Dollar Tree by 2.7% in the second quarter. Forte Capital LLC ADV now owns 26,123 shares of the company’s stock worth $2,462,000 after buying an additional 690 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Dollar Tree by 0.3% in the second quarter. Gulf International Bank UK Ltd now owns 68,117 shares of the company’s stock worth $6,419,000 after buying an additional 200 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Dollar Tree by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 201,669 shares of the company’s stock worth $19,005,000 after buying an additional 2,917 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Shares of Dollar Tree Inc. (NASDAQ:DLTR) remained flat at $88.86 during trading on Thursday. 4,022,467 shares of the company were exchanged. Dollar Tree Inc. has a one year low of $72.52 and a one year high of $99.93. The firm has a market capitalization of $20.95 billion, a PE ratio of 29.48 and a beta of 0.57. The stock has a 50-day moving average price of $77.65 and a 200 day moving average price of $85.83.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Tuesday, November 22nd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.78 by $0.03. Dollar Tree had a net margin of 3.93% and a return on equity of 17.52%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same period last year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Dollar Tree Inc. will post $3.81 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. Barclays PLC restated a “hold” rating and issued a $84.00 price objective on shares of Dollar Tree in a research note on Wednesday. Credit Suisse Group AG set a $75.00 price objective on shares of Dollar Tree and gave the stock a “sell” rating in a research note on Tuesday. Deutsche Bank AG restated a “buy” rating and issued a $96.00 price objective on shares of Dollar Tree in a research note on Friday, November 18th. Johnson Rice upgraded shares of Dollar Tree from a “hold” rating to an “accumulate” rating in a research note on Tuesday, November 15th. Finally, Jefferies Group restated a “hold” rating and issued a $80.00 price objective on shares of Dollar Tree in a research note on Thursday, November 10th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $91.23.

In other news, Director Lemuel E. Lewis bought 1,560 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were purchased at an average cost of $80.00 per share, with a total value of $124,800.00. Following the acquisition, the director now directly owns 11,029 shares in the company, valued at $882,320. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Conrad M. Hall bought 5,000 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was purchased at an average cost of $85.60 per share, for a total transaction of $428,000.00. Following the completion of the acquisition, the director now owns 799 shares in the company, valued at $68,394.40. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by company insiders.

Dollar Tree Company Profile

Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.

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