Dollar Tree, Inc. (DLTR) Shares Sold by Vestor Capital LLC
Vestor Capital LLC trimmed its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 28.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,428 shares of the company’s stock after selling 962 shares during the quarter. Vestor Capital LLC’s holdings in Dollar Tree were worth $170,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DLTR. BlackRock Inc. boosted its stake in Dollar Tree by 1,996.3% during the 1st quarter. BlackRock Inc. now owns 14,424,151 shares of the company’s stock valued at $1,131,717,000 after acquiring an additional 13,736,060 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Dollar Tree by 888.9% in the 1st quarter. Nordea Investment Management AB now owns 2,057,360 shares of the company’s stock worth $161,420,000 after buying an additional 1,849,314 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Dollar Tree by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 21,667,705 shares of the company’s stock worth $1,700,048,000 after buying an additional 688,409 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Dollar Tree by 31.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,770,012 shares of the company’s stock worth $193,680,000 after buying an additional 663,229 shares during the last quarter. Finally, CI Global Investments Inc. lifted its position in shares of Dollar Tree by 186.3% in the 1st quarter. CI Global Investments Inc. now owns 900,541 shares of the company’s stock worth $70,656,000 after buying an additional 586,012 shares during the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.
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A number of research analysts have recently issued reports on DLTR shares. Loop Capital upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $86.00 in a research report on Wednesday, June 28th. Deutsche Bank AG raised their price target on shares of Dollar Tree from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. BTIG Research restated a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a research report on Monday, May 22nd. Bank of America Corporation restated a “buy” rating and issued a $95.00 price target (down from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. Finally, Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $88.04.
In other news, Director Conrad M. Hall acquired 5,000 shares of the company’s stock in a transaction on Monday, July 10th. The stock was purchased at an average cost of $66.16 per share, with a total value of $330,800.00. Following the acquisition, the director now owns 63,299 shares of the company’s stock, valued at approximately $4,187,861.84. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lemuel E. Lewis acquired 1,900 shares of the company’s stock in a transaction on Monday, June 26th. The shares were purchased at an average cost of $66.70 per share, with a total value of $126,730.00. Following the completion of the acquisition, the director now directly owns 16,404 shares in the company, valued at approximately $1,094,146.80. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,375 shares of company stock valued at $705,819 over the last three months. Company insiders own 2.90% of the company’s stock.
Shares of Dollar Tree, Inc. (DLTR) traded up 0.96% during trading on Wednesday, hitting $84.79. 720,291 shares of the stock traded hands. The company has a 50 day moving average of $76.06 and a 200-day moving average of $75.85. The company has a market cap of $20.08 billion, a PE ratio of 21.69 and a beta of 0.68. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $91.41.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 EPS. On average, equities analysts anticipate that Dollar Tree, Inc. will post $4.66 EPS for the current fiscal year.
Dollar Tree 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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