Dollar Tree, Inc. (DLTR) Shares Sold by Bfsg LLC
Bfsg LLC lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,686 shares of the company’s stock after selling 315 shares during the quarter. Bfsg LLC’s holdings in Dollar Tree were worth $1,167,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Meristem LLP grew its stake in Dollar Tree by 0.3% during the 1st quarter. Meristem LLP now owns 4,520 shares of the company’s stock valued at $355,000 after acquiring an additional 14 shares in the last quarter. Ironwood Investment Management LLC grew its stake in Dollar Tree by 0.7% during the 2nd quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock valued at $312,000 after acquiring an additional 31 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in Dollar Tree by 3.1% during the 1st quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock valued at $125,000 after acquiring an additional 48 shares in the last quarter. Mirador Capital Partners LP grew its stake in Dollar Tree by 1.5% during the 1st quarter. Mirador Capital Partners LP now owns 3,731 shares of the company’s stock valued at $293,000 after acquiring an additional 56 shares in the last quarter. Finally, Atlantic Trust LLC grew its stake in Dollar Tree by 1.2% during the 1st quarter. Atlantic Trust LLC now owns 5,270 shares of the company’s stock valued at $414,000 after acquiring an additional 60 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.
In other Dollar Tree news, Director Thomas A. Saunders sold 13,660 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $68.75, for a total value of $939,125.00. Following the completion of the transaction, the director now directly owns 2,390,881 shares in the company, valued at $164,373,068.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lemuel E. Lewis purchased 1,900 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was bought at an average price of $66.70 per share, with a total value of $126,730.00. Following the completion of the purchase, the director now owns 16,404 shares of the company’s stock, valued at $1,094,146.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 10,375 shares of company stock valued at $705,819. Corporate insiders own 4.10% of the company’s stock.
Several equities analysts have weighed in on the company. Loop Capital reaffirmed a “buy” rating and set a $86.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. BTIG Research reaffirmed a “buy” rating and set a $98.00 target price on shares of Dollar Tree in a research note on Wednesday, August 23rd. Sanford C. Bernstein raised Dollar Tree from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. BMO Capital Markets set a $88.00 target price on Dollar Tree and gave the company a “hold” rating in a research note on Friday, May 26th. Finally, BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $88.04.
Dollar Tree, Inc. (DLTR) traded down 0.48% during midday trading on Friday, reaching $82.83. The company had a trading volume of 2,708,044 shares. The company has a market cap of $19.62 billion, a PE ratio of 21.19 and a beta of 0.68. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $91.41. The company’s 50-day moving average is $75.70 and its 200 day moving average is $75.86.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. On average, equities research analysts forecast that Dollar Tree, Inc. will post $4.68 EPS for the current year.
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Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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