Calamos Advisors LLC acquired a new stake in shares of Dollar Tree Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 299,499 shares of the company’s stock, valued at approximately $28,225,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Candriam Luxembourg S.C.A. acquired a new stake in shares of Dollar Tree during the second quarter worth $741,000. Retirement Systems of Alabama boosted its stake in shares of Dollar Tree by 1.8% in the second quarter. Retirement Systems of Alabama now owns 120,093 shares of the company’s stock worth $11,318,000 after buying an additional 2,111 shares during the last quarter. Conning Inc. boosted its stake in shares of Dollar Tree by 2.4% in the second quarter. Conning Inc. now owns 5,536 shares of the company’s stock worth $522,000 after buying an additional 130 shares during the last quarter. PGGM Investments boosted its stake in shares of Dollar Tree by 1.3% in the second quarter. PGGM Investments now owns 177,948 shares of the company’s stock worth $16,770,000 after buying an additional 2,316 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Dollar Tree during the second quarter worth $26,437,000. Institutional investors and hedge funds own 94.37% of the company’s stock.
Shares of Dollar Tree Inc. (NASDAQ:DLTR) traded down 1.32% during mid-day trading on Wednesday, hitting $79.40. 2,444,764 shares of the stock traded hands. The company’s 50 day moving average is $86.36 and its 200 day moving average is $86.80. Dollar Tree Inc. has a one year low of $60.31 and a one year high of $99.93. The firm has a market capitalization of $18.72 billion, a P/E ratio of 26.34 and a beta of 0.43.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, August 25th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The business’s revenue for the quarter was up 66.0% compared to the same quarter last year. On average, equities analysts expect that Dollar Tree Inc. will post $3.81 EPS for the current fiscal year.
A number of analysts recently weighed in on DLTR shares. Barclays PLC started coverage on shares of Dollar Tree in a report on Thursday, September 22nd. They set an “equal weight” rating and a $88.00 target price for the company. MKM Partners restated a “buy” rating and set a $104.00 target price (up from $80.00) on shares of Dollar Tree in a report on Tuesday, August 23rd. Vetr cut shares of Dollar Tree from a “strong-buy” rating to a “buy” rating and set a $86.00 target price for the company. in a report on Tuesday. Citigroup Inc. reaffirmed a “neutral” rating and issued a $89.00 price objective (down previously from $100.00) on shares of Dollar Tree in a research note on Wednesday, August 31st. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $85.00 price objective (down previously from $87.00) on shares of Dollar Tree in a research note on Monday, August 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $92.36.
In other Dollar Tree news, Director Lemuel E. Lewis bought 1,560 shares of Dollar Tree stock in a transaction that occurred on Tuesday, September 13th. The stock was acquired at an average price of $80.00 per share, for a total transaction of $124,800.00. Following the completion of the acquisition, the director now owns 11,029 shares of the company’s stock, valued at approximately $882,320. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Barry W. Sullivan sold 2,449 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $83.21, for a total transaction of $203,781.29. Following the transaction, the insider now owns 8,904 shares of the company’s stock, valued at approximately $740,901.84. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.
About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.
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