10,000 Shares in Dollar Tree, Inc. (DLTR) Acquired by Fore Research & Management LP
Fore Research & Management LP purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the company’s stock, valued at approximately $699,000. Dollar Tree makes up about 0.3% of Fore Research & Management LP’s portfolio, making the stock its 21st largest holding.
Other large investors have also bought and sold shares of the company. BlueMountain Capital Management LLC increased its stake in shares of Dollar Tree by 119.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after buying an additional 825 shares during the period. Sun Life Financial INC lifted its stake in Dollar Tree by 17,100.0% in the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after acquiring an additional 1,710 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in Dollar Tree in the first quarter worth approximately $124,000. Citizens Financial Group Inc. RI lifted its stake in Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after acquiring an additional 48 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. lifted its stake in Dollar Tree by 18.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.
In related news, insider Gary M. Philbin sold 9,950 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total transaction of $841,173.00. Following the completion of the sale, the insider now owns 34,532 shares of the company’s stock, valued at approximately $2,919,335.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas A. Saunders sold 13,660 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $68.75, for a total transaction of $939,125.00. Following the sale, the director now directly 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. Over the last 90 days, insiders sold 33,849 shares of company stock worth $2,528,548. Insiders own 2.90% of the company’s stock.
Dollar Tree, Inc. (NASDAQ:DLTR) traded up 0.24% during mid-day trading on Tuesday, reaching $86.68. The company’s stock had a trading volume of 686,797 shares. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $91.41. The stock’s 50-day moving average is $81.04 and its 200-day moving average is $76.75. The firm has a market capitalization of $20.53 billion, a PE ratio of 22.17 and a beta of 0.70.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, equities analysts anticipate that Dollar Tree, Inc. will post $4.66 EPS for the current year.
Several research analysts have commented on DLTR shares. Deutsche Bank AG reiterated a “buy” rating and set a $95.00 price target on shares of Dollar Tree in a report on Tuesday, July 4th. Raymond James Financial, Inc. upgraded shares of Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price objective on the stock in a report on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and issued a $85.00 price objective (up from $80.00) on shares of Dollar Tree in a report on Friday, August 25th. Piper Jaffray Companies restated a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a report on Tuesday, August 22nd. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $86.00 price objective (up from $85.00) on shares of Dollar Tree in a research report on Sunday, June 11th. One equities 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 stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $88.91.
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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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