Signaturefd LLC boosted its position in Dollar Tree Inc. (NASDAQ:DLTR) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,266 shares of the company’s stock after buying an additional 19 shares during the period. Signaturefd LLC’s holdings in Dollar Tree were worth $119,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of DLTR. Sun Life Financial INC purchased a new stake in Dollar Tree during the first quarter worth approximately $107,775,000. NN Investment Partners Holdings N.V. purchased a new stake in Dollar Tree during the first quarter worth approximately $108,000. Citizens Financial Group Inc RI boosted its stake in Dollar Tree by 13.8% in the first quarter. Citizens Financial Group Inc RI now owns 1,536 shares of the company’s stock worth $127,000 after buying an additional 186 shares during the period. Quadrant Capital Group LLC boosted its stake in Dollar Tree by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 1,818 shares of the company’s stock worth $165,000 after buying an additional 33 shares during the period. Finally, Train Babcock Advisors LLC purchased a new stake in Dollar Tree during the second quarter worth approximately $207,000. Institutional investors and hedge funds own 95.01% of the company’s stock.
Dollar Tree Inc. (NASDAQ:DLTR) traded down 0.84% during mid-day trading on Monday, hitting $76.44. The stock had a trading volume of 1,292,035 shares. The stock has a market cap of $18.02 billion, a PE ratio of 25.36 and a beta of 0.54. Dollar Tree Inc. has a one year low of $61.33 and a one year high of $99.93. The firm’s 50-day moving average is $80.33 and its 200 day moving average is $86.48.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 25th. The company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.01. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the prior year, the business earned $0.67 EPS. Dollar Tree’s revenue was up 66.0% compared to the same quarter last year. Equities research analysts expect that Dollar Tree Inc. will post $3.80 EPS for the current year.
A number of research firms have recently commented on DLTR. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Monday, July 11th. Piper Jaffray Cos. restated a “neutral” rating and issued a $85.00 price target (down previously from $87.00) on shares of Dollar Tree in a research report on Monday, August 29th. Morgan Stanley set a $90.00 price target on Dollar Tree and gave the company a “hold” rating in a research report on Wednesday, August 31st. MKM Partners cut Dollar Tree from a “buy” rating to a “neutral” rating and dropped their price target for the company from $104.00 to $80.00 in a research report on Friday, August 26th. They noted that the move was a valuation call. Finally, Vetr cut Dollar Tree from a “strong-buy” rating to a “buy” rating and set a $86.00 price target on the stock. in a research report on Tuesday, September 27th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $91.09.
In related news, insider Barry W. Sullivan sold 2,449 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $83.21, for a total transaction of $203,781.29. Following the transaction, the insider now owns 8,904 shares in the company, valued at $740,901.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lemuel E. Lewis acquired 1,560 shares of the stock in a transaction that occurred on Tuesday, September 13th. The shares were bought at an average price of $80.00 per share, for a total transaction of $124,800.00. Following the purchase, the director now directly owns 11,029 shares of the company’s stock, valued at $882,320. The disclosure for this purchase can be found here. Corporate insiders own 4.10% of the company’s stock.
About Dollar Tree
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.