Ameriprise Financial Inc. Sells 17,143 Shares of Dollar Tree, Inc. (DLTR)
Ameriprise Financial Inc. trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 939,251 shares of the company’s stock after selling 17,143 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.40% of Dollar Tree worth $65,662,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in 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 acquiring an additional 688,409 shares in the last quarter. BlackRock Inc. increased its holdings in Dollar Tree by 1,996.3% in the 1st quarter. BlackRock Inc. now owns 14,424,151 shares of the company’s stock worth $1,131,717,000 after acquiring an additional 13,736,060 shares in the last quarter. FMR LLC increased its holdings in Dollar Tree by 2.2% in the 1st quarter. FMR LLC now owns 11,584,967 shares of the company’s stock worth $908,957,000 after acquiring an additional 250,483 shares in the last quarter. State Street Corp increased its holdings in Dollar Tree by 2.5% in the 1st quarter. State Street Corp now owns 9,886,212 shares of the company’s stock worth $775,667,000 after acquiring an additional 239,221 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Dollar Tree by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 4,981,951 shares of the company’s stock worth $390,884,000 after acquiring an additional 16,823 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.
In other Dollar Tree news, Director Conrad M. Hall purchased 5,000 shares of the stock in a transaction on Monday, July 10th. The stock was bought at an average price of $66.16 per share, for a total transaction of $330,800.00. Following the acquisition, the director now directly owns 63,299 shares of the company’s stock, valued at $4,187,861.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas A. Saunders sold 13,660 shares of Dollar Tree stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $68.75, for a total value of $939,125.00. Following the completion of the sale, the director now owns 2,390,881 shares of the company’s stock, valued at approximately $164,373,068.75. The disclosure for this sale can be found here. Insiders sold a total of 33,849 shares of company stock valued at $2,528,548 in the last 90 days. 2.90% of the stock is owned by company insiders.
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Dollar Tree, Inc. (NASDAQ:DLTR) opened at 83.43 on Wednesday. The firm has a 50-day moving average of $78.20 and a 200-day moving average of $76.10. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $91.41. The firm has a market cap of $19.76 billion, a PE ratio of 21.34 and a beta of 0.68.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. The company 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 firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. Equities analysts anticipate that Dollar Tree, Inc. will post $4.66 EPS for the current year.
Several equities research analysts recently commented on the stock. BidaskClub raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Loop Capital reissued a “buy” rating and issued a $86.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. Buckingham Research reissued a “buy” rating and issued a $87.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. BMO Capital Markets set a $90.00 price target on shares of Dollar Tree and gave the stock a “market perform” rating in a report on Friday, August 25th. Finally, Telsey Advisory Group boosted their price target on shares of Dollar Tree from $88.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $88.04.
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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