IFM Investors Pty Ltd Buys Shares of 6,742 Dollar Tree, Inc. (DLTR)
IFM Investors Pty Ltd bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 6,742 shares of the company’s stock, valued at approximately $585,000.
Other large investors also recently bought and sold shares of the company. Prudential Financial Inc. lifted its position 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. Rockshelter Capital Management LLC purchased a new stake in shares of Dollar Tree in the 2nd quarter worth about $5,850,000. Shell Asset Management Co. lifted its position in shares of Dollar Tree by 368.4% in the 3rd quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock worth $4,057,000 after purchasing an additional 56,906 shares during the period. South Dakota Investment Council purchased a new stake in shares of Dollar Tree in the 2nd quarter worth about $804,000. Finally, Korea Investment CORP lifted its position in shares of Dollar Tree by 170.4% in the 3rd quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock worth $4,904,000 after purchasing an additional 35,600 shares during the period. 89.80% of the stock is owned by hedge funds and other institutional investors.
DLTR has been the subject of several research analyst reports. Cleveland Research raised shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Wednesday, October 11th. Raymond James Financial dropped coverage on shares of Dollar Tree in a research note on Saturday, August 26th. Royal Bank of Canada set a $92.00 price target on shares of Dollar Tree and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Goldman Sachs Group began coverage on shares of Dollar Tree in a research note on Tuesday, November 14th. They issued a “buy” rating and a $106.00 price target for the company. Eleven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Dollar Tree currently has a consensus rating of “Buy” and an average price target of $101.13.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. Dollar Tree’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. equities research analysts predict that Dollar Tree, Inc. will post 4.85 earnings per share for the current year.
In other Dollar Tree news, insider William A. Old, Jr. sold 1,487 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the sale, the chairman now owns 1,128,795 shares of the company’s stock, valued at $102,867,088.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 381,836 shares of company stock valued at $36,410,667. 4.10% of the stock is owned by company 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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