Candriam Luxembourg S.C.A. acquired a new stake in Dollar Tree Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,867 shares of the company’s stock, valued at approximately $741,000.
Several other large investors have also recently added to or reduced their stakes in DLTR. UBS Group AG boosted its stake in Dollar Tree by 71.3% in the first quarter. UBS Group AG now owns 180,093 shares of the company’s stock valued at $14,850,000 after buying an additional 74,974 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Dollar Tree by 940.5% in the first quarter. Canada Pension Plan Investment Board now owns 101,970 shares of the company’s stock worth $8,408,000 after buying an additional 92,170 shares during the period. Credit Agricole S A boosted its stake in shares of Dollar Tree by 226.8% in the first quarter. Credit Agricole S A now owns 573,374 shares of the company’s stock worth $47,280,000 after buying an additional 397,949 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Dollar Tree by 3.0% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 26,063 shares of the company’s stock worth $2,149,000 after buying an additional 755 shares during the period. Finally, Aviva PLC boosted its stake in shares of Dollar Tree by 1.2% in the first quarter. Aviva PLC now owns 119,687 shares of the company’s stock worth $9,869,000 after buying an additional 1,467 shares during the period. 94.37% of the stock is owned by institutional investors and hedge funds.
Shares of Dollar Tree Inc. (NASDAQ:DLTR) traded down 0.15% during mid-day trading on Friday, hitting $77.97. 1,783,002 shares of the company’s stock traded hands. Dollar Tree Inc. has a 1-year low of $60.31 and a 1-year high of $99.93. The stock has a market cap of $18.38 billion, a P/E ratio of 25.87 and a beta of 0.54. The stock has a 50 day moving average price of $82.60 and a 200-day moving average price of $86.60.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The firm earned $5.02 billion during the quarter, compared to the consensus estimate of $5.08 billion. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The company’s revenue for the quarter was up 66.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. Equities research analysts anticipate that Dollar Tree Inc. will post $3.80 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. Vetr cut shares of Dollar Tree from a “hold” rating to a “sell” rating and set a $74.00 price target for the company. in a research report on Monday. Credit Suisse Group AG set a $69.00 price target on shares of Dollar Tree and gave the company a “sell” rating in a research report on Wednesday. Cleveland Research cut shares of Dollar Tree from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 4th. Zacks Investment Research cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. Finally, Atlantic Securities cut shares of Dollar Tree from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $87.00 to $68.00 in a research report on Tuesday, September 27th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Dollar Tree has a consensus rating of “Hold” and an average price target of $91.77.
In other news, Director Conrad M. Hall acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were purchased at an average cost of $85.60 per share, for a total transaction of $428,000.00. Following the transaction, the director now directly owns 799 shares in the company, valued at approximately $68,394.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lemuel E. Lewis acquired 1,470 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $124,950.00. Following the completion of the transaction, the director now owns 9,469 shares in the company, valued at $804,865. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by corporate insiders.
Dollar Tree Company Profile
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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