Retirement Systems of Alabama raised its stake in Dollar Tree Inc. (NASDAQ:DLTR) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,093 shares of the company’s stock after buying an additional 2,111 shares during the period. Retirement Systems of Alabama’s holdings in Dollar Tree were worth $11,318,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services Inc raised its position in Dollar Tree by 12.0% in the first quarter. Commonwealth Equity Services Inc now owns 15,176 shares of the company’s stock valued at $1,251,000 after buying an additional 1,629 shares during the period. Aperio Group LLC raised its position in Dollar Tree by 15.8% in the first quarter. Aperio Group LLC now owns 75,941 shares of the company’s stock valued at $6,262,000 after buying an additional 10,382 shares during the period. Virginia Retirement System acquired a new position in Dollar Tree during the first quarter valued at about $298,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Dollar Tree during the first quarter valued at about $202,000. Finally, TIAA CREF Investment Management LLC raised its position in Dollar Tree by 28.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,049,584 shares of the company’s stock valued at $86,549,000 after buying an additional 233,299 shares during the period. Hedge funds and other institutional investors own 94.37% of the company’s stock.
Dollar Tree Inc. (NASDAQ:DLTR) traded down 3.90% on Tuesday, reaching $76.43. 4,758,493 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $84.19 and its 200-day moving average is $86.76. Dollar Tree Inc. has a 12 month low of $60.31 and a 12 month high of $99.93. The firm has a market cap of $18.02 billion, a PE ratio of 25.36 and a beta of 0.54.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 25th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by $0.01. The firm earned $5.02 billion during the quarter, compared to analyst estimates of $5.08 billion. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. Dollar Tree’s quarterly revenue was up 66.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. On average, equities analysts forecast that Dollar Tree Inc. will post $3.81 earnings per share for the current year.
Several research analysts have issued reports on DLTR shares. Citigroup Inc. restated a “neutral” rating and issued a $100.00 price target (up previously from $84.00) on shares of Dollar Tree in a research report on Monday, June 6th. Buckingham Research restated a “buy” rating and issued a $106.00 price target on shares of Dollar Tree in a research report on Wednesday, July 6th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Dollar Tree in a research report on Wednesday, July 6th. Vetr upgraded shares of Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $112.00 price target on the stock in a research report on Wednesday, July 6th. Finally, Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Monday, July 11th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $91.82.
In related news, Director Thomas A. Saunders sold 5,000 shares of Dollar Tree stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $95.50, for a total transaction of $477,500.00. Following the sale, the director now directly owns 2,310,387 shares of the company’s stock, valued at approximately $220,641,958.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lemuel E. Lewis purchased 1,560 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were bought at an average cost of $80.00 per share, for a total transaction of $124,800.00. Following the completion of the acquisition, the director now directly owns 11,029 shares in the company, valued at approximately $882,320. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by 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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