Rational Advisors LLC Takes $1.45 Million Position in Dollar Tree, Inc. (DLTR)
Rational Advisors LLC acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, Holdings Channel reports. The firm acquired 13,524 shares of the company’s stock, valued at approximately $1,451,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Shell Asset Management Co. increased its stake in shares of Dollar Tree by 368.4% during 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 last quarter. Korea Investment CORP boosted its holdings in shares of Dollar Tree by 170.4% during the 3rd quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock worth $4,904,000 after buying an additional 35,600 shares during the period. Wright Investors Service Inc. bought a new stake in shares of Dollar Tree during the 3rd quarter worth about $501,000. British Airways Pensions Investment Management Ltd bought a new stake in shares of Dollar Tree during the 3rd quarter worth about $34,022,000. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Dollar Tree by 4.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 379,137 shares of the company’s stock worth $32,896,000 after buying an additional 15,542 shares during the period. Institutional investors own 88.89% of the company’s stock.
In other news, Chairman Bob Sasser sold 64,002 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total transaction of $6,383,559.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas A. Saunders sold 12,440 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $108.15, for a total transaction of $1,345,386.00. Following the sale, the director now directly owns 2,326,702 shares of the company’s stock, valued at approximately $251,632,821.30. The disclosure for this sale can be found here. Insiders sold a total of 143,132 shares of company stock valued at $14,679,180 in the last three months. Insiders own 2.90% of the company’s stock.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.11. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. equities research analysts expect that Dollar Tree, Inc. will post 4.88 earnings per share for the current fiscal year.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Moffett Nathanson assumed coverage on shares of Dollar Tree in a report on Monday, December 4th. They set a “buy” rating for the company. Bank of America lifted their target price on shares of Dollar Tree from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. MKM Partners set a $96.00 target price on shares of Dollar Tree and gave the stock a “hold” rating in a report on Monday, November 20th. Finally, Loop Capital lifted their target price on shares of Dollar Tree from $94.00 to $100.00 and gave the stock a “hold” rating in a report on Monday. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $106.31.
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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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