Dollar Tree Inc. (DLTR) Shares Sold by Stelliam Investment Management LP
Stelliam Investment Management LP lowered its position in Dollar Tree Inc. (NASDAQ:DLTR) by 37.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 750,000 shares of the company’s stock after selling 440,000 shares during the period. Dollar Tree makes up about 2.4% of Stelliam Investment Management LP’s investment portfolio, making the stock its 19th largest position. Stelliam Investment Management LP owned approximately 0.32% of Dollar Tree worth $70,680,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Conatus Capital Management LP boosted its position in shares of Dollar Tree by 17.7% in the second quarter. Conatus Capital Management LP now owns 1,263,993 shares of the company’s stock worth $119,119,000 after buying an additional 189,803 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Dollar Tree during the second quarter worth about $3,447,000. Allen Investment Management LLC purchased a new position in shares of Dollar Tree during the second quarter worth about $216,000. Folger Hill Asset Management LP boosted its position in shares of Dollar Tree by 32.2% in the second quarter. Folger Hill Asset Management LP now owns 149,236 shares of the company’s stock worth $14,064,000 after buying an additional 36,319 shares in the last quarter. Finally, Veritable L.P. boosted its position in shares of Dollar Tree by 16.2% in the second quarter. Veritable L.P. now owns 9,388 shares of the company’s stock worth $885,000 after buying an additional 1,310 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.
Dollar Tree Inc. (NASDAQ:DLTR) traded up 0.79% during mid-day trading on Friday, reaching $77.81. The company had a trading volume of 1,962,556 shares. Dollar Tree Inc. has a 1-year low of $61.33 and a 1-year high of $99.93. The firm has a 50-day moving average of $76.85 and a 200 day moving average of $85.69. The company has a market capitalization of $18.35 billion, a PE ratio of 25.82 and a beta of 0.57.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 25th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The firm’s revenue was up 66.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. On average, analysts predict that Dollar Tree Inc. will post $3.80 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on DLTR shares. Vetr cut Dollar Tree from a “buy” rating to a “sell” rating and set a $74.00 target price on the stock. in a report on Monday, October 3rd. Barclays PLC initiated coverage on Dollar Tree in a report on Thursday, September 22nd. They issued an “equal weight” rating and a $88.00 target price on the stock. KeyCorp initiated coverage on Dollar Tree in a research report on Wednesday, October 12th. They issued an “overweight” rating and a $90.00 price target for the company. Credit Suisse Group AG set a $69.00 price target on Dollar Tree and gave the company a “sell” rating in a research report on Wednesday, October 5th. Finally, Cleveland Research lowered Dollar Tree from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 4th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $91.14.
In related news, Director Conrad M. Hall purchased 5,000 shares of Dollar Tree stock in a transaction on Monday, August 29th. The stock was acquired at an average price of $85.60 per share, for a total transaction of $428,000.00. Following the completion of the transaction, the director now directly owns 799 shares in the company, valued at approximately $68,394.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lemuel E. Lewis purchased 1,470 shares of Dollar Tree stock in a transaction on Tuesday, August 30th. The stock was bought at an average price of $85.00 per share, with a total value of $124,950.00. Following the transaction, the director now owns 9,469 shares of the company’s stock, valued at $804,865. 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.
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