Alta Capital Management LLC lowered its stake in shares of Dollar Tree Inc. (NASDAQ:DLTR) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 693,476 shares of the company’s stock after selling 41,681 shares during the period. Dollar Tree makes up 3.4% of Alta Capital Management LLC’s portfolio, making the stock its 8th largest position. Alta Capital Management LLC’s holdings in Dollar Tree were worth $54,736,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in DLTR. Lone Pine Capital LLC increased its stake in Dollar Tree by 15.1% in the second quarter. Lone Pine Capital LLC now owns 13,362,151 shares of the company’s stock valued at $1,259,249,000 after buying an additional 1,755,667 shares during the period. Vontobel Asset Management Inc. bought a new stake in shares of Dollar Tree during the third quarter valued at $124,190,000. WestEnd Advisors LLC bought a new stake in shares of Dollar Tree during the second quarter valued at $94,632,000. Atlanta Capital Management Co. L L C bought a new stake in shares of Dollar Tree during the second quarter valued at $78,885,000. Finally, Standard Life Investments LTD boosted its stake in shares of Dollar Tree by 38.5% in the second quarter. Standard Life Investments LTD now owns 2,797,544 shares of the company’s stock valued at $263,654,000 after buying an additional 777,451 shares in the last quarter. 94.35% of the stock is currently owned by institutional investors and hedge funds.
Dollar Tree Inc. (NASDAQ:DLTR) traded up 0.791% during trading on Monday, reaching $89.885. The company’s stock had a trading volume of 2,069,568 shares. Dollar Tree Inc. has a 12-month low of $72.52 and a 12-month high of $99.93. The firm’s 50-day moving average price is $78.04 and its 200 day moving average price is $85.88. The company has a market capitalization of $21.19 billion, a P/E ratio of 29.822 and a beta of 0.57.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.03. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.08 billion. Dollar Tree had a net margin of 3.93% and a return on equity of 17.15%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. On average, analysts predict that Dollar Tree Inc. will post $3.81 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on DLTR. Barclays PLC set a $84.00 price target on Dollar Tree and gave the company a “hold” rating in a research report on Wednesday, November 23rd. Credit Suisse Group AG set a $75.00 price target on Dollar Tree and gave the company a “sell” rating in a research report on Tuesday, November 22nd. Piper Jaffray Cos. reiterated a “neutral” rating and set a $85.00 price target (down from $87.00) on shares of Dollar Tree in a research report on Monday, August 29th. Jefferies Group reiterated a “hold” rating and set a $80.00 price target on shares of Dollar Tree in a research report on Thursday, November 10th. Finally, Buckingham Research restated a “buy” rating and issued a $117.00 price objective (up from $106.00) on shares of Dollar Tree in a research report on Monday. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $91.73.
In other Dollar Tree news, insider Barry W. Sullivan sold 2,449 shares of Dollar Tree stock in a transaction 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 directly owns 8,904 shares of the company’s stock, valued at approximately $740,901.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lemuel E. Lewis acquired 1,560 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were purchased at an average cost of $80.00 per share, for a total transaction of $124,800.00. Following the completion of the acquisition, the director now directly owns 11,029 shares in the company, valued at $882,320. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company’s stock.
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.