Palladium Partners LLC Grows Stake in Dollar Tree, Inc. (DLTR)
Palladium Partners LLC grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 118,467 shares of the company’s stock after purchasing an additional 3,905 shares during the period. Palladium Partners LLC’s holdings in Dollar Tree were worth $12,713,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exane Derivatives acquired a new stake in shares of Dollar Tree in the 4th quarter valued at $104,000. Cerebellum GP LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at $127,000. FTB Advisors Inc. increased its stake in shares of Dollar Tree by 249.2% in the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock valued at $149,000 after buying an additional 992 shares during the period. First Personal Financial Services acquired a new stake in shares of Dollar Tree in the 4th quarter valued at $165,000. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of Dollar Tree in the 3rd quarter valued at $150,000. 88.73% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on the company. Guggenheim reaffirmed a “buy” rating on shares of Dollar Tree in a research note on Wednesday, January 31st. Bank of America set a $130.00 price objective on Dollar Tree and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $138.00 price objective (up from $132.00) on shares of Dollar Tree in a research note on Tuesday, January 23rd. Oppenheimer assumed coverage on Dollar Tree in a research note on Tuesday, January 16th. They set an “outperform” rating and a $130.00 price objective for the company. Finally, Zacks Investment Research raised Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 price objective for the company in a research note on Tuesday, January 16th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Dollar Tree has a consensus rating of “Buy” and an average price target of $105.85.
Dollar Tree, Inc. (NASDAQ DLTR) opened at $105.24 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. The firm has a market capitalization of $24,950.00, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $116.65.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share. equities analysts predict that Dollar Tree, Inc. will post 4.88 EPS for the current year.
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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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