Aberdeen Asset Management PLC UK Acquires 4,400 Shares of Dollar Tree, Inc. (DLTR)
Aberdeen Asset Management PLC UK lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,572 shares of the company’s stock after purchasing an additional 4,400 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Dollar Tree were worth $4,025,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Omega Advisors Inc. bought a new position in shares of Dollar Tree in the 1st quarter worth approximately $5,885,000. Prudential Financial Inc. lifted its stake in shares of Dollar Tree by 8.4% in the 2nd quarter. Prudential Financial Inc. now owns 358,085 shares of the company’s stock worth $25,037,000 after purchasing an additional 27,672 shares during the period. Achmea Investment Management B.V. bought a new position in shares of Dollar Tree in the 1st quarter worth approximately $448,000. Ironwood Investment Management LLC lifted its stake in shares of Dollar Tree by 41.5% in the 1st quarter. Ironwood Investment Management LLC now owns 4,437 shares of the company’s stock worth $348,000 after purchasing an additional 1,302 shares during the period. Finally, State Treasurer State of Michigan lifted its stake in shares of Dollar Tree by 0.4% in the 2nd quarter. State Treasurer State of Michigan now owns 77,810 shares of the company’s stock worth $5,440,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 90.76% of the company’s stock.
Dollar Tree, Inc. (NASDAQ DLTR) opened at 83.48 on Friday. The stock has a market capitalization of $19.77 billion, a price-to-earnings ratio of 21.36 and a beta of 0.68. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $91.41. The company has a 50 day moving average of $77.55 and a 200-day moving average of $76.03.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.24 billion. During the same period in the prior year, the company earned $0.72 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts forecast that Dollar Tree, Inc. will post $4.66 earnings per share for the current year.
Several equities analysts have recently weighed in on DLTR shares. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Monday, August 28th. Deutsche Bank AG raised their target price on shares of Dollar Tree from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. BidaskClub upgraded shares of Dollar Tree from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Buckingham Research restated a “buy” rating and set a $87.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. Finally, Bank of America Corporation assumed coverage on shares of Dollar Tree in a research note on Friday, August 25th. They set a “buy” rating and a $91.00 target price on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $88.04.
In related news, insider Gary M. Philbin sold 2,795 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total value of $236,177.50. Following the completion of the transaction, the insider now directly owns 34,532 shares of the company’s stock, valued at approximately $2,917,954. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Conrad M. Hall acquired 5,000 shares of Dollar Tree stock in a transaction that occurred 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 completion of the purchase, the director now owns 63,299 shares in the company, valued at approximately $4,187,861.84. The disclosure for this purchase can be found here. Over the last three months, insiders sold 33,849 shares of company stock valued at $2,528,548. 4.10% of the stock is owned by corporate insiders.
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About Dollar Tree
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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