Standard Life Investments LTD raised its position in shares of Dollar Tree Inc. (NASDAQ:DLTR) by 38.5% during the second quarter, Holdings Channel reports. The firm owned 2,797,544 shares of the company’s stock after buying an additional 777,451 shares during the period. Standard Life Investments LTD’s holdings in Dollar Tree were worth $263,654,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of DLTR. Advisor Partners LLC acquired a new stake in Dollar Tree during the first quarter worth approximately $214,000. TimesSquare Capital Management LLC boosted its stake in Dollar Tree by 0.5% in the first quarter. TimesSquare Capital Management LLC now owns 1,564,125 shares of the company’s stock worth $128,978,000 after buying an additional 7,595 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in Dollar Tree during the first quarter worth approximately $108,000. Tobam acquired a new stake in Dollar Tree during the first quarter worth approximately $810,000. Finally, BlackRock Fund Advisors boosted its stake in Dollar Tree by 0.6% in the first quarter. BlackRock Fund Advisors now owns 3,964,963 shares of the company’s stock worth $326,951,000 after buying an additional 25,183 shares during the period. Institutional investors and hedge funds own 94.37% of the company’s stock.
Dollar Tree Inc. (NASDAQ:DLTR) traded up 0.76% on Monday, hitting $79.53. The stock had a trading volume of 2,423,238 shares. The company’s 50 day moving average is $85.24 and its 200 day moving average is $86.72. The firm has a market cap of $18.75 billion, a PE ratio of 26.39 and a beta of 0.54. Dollar Tree Inc. has a 12-month low of $60.31 and a 12-month high of $99.93.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the 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 last year, the business earned $0.67 EPS. Dollar Tree’s revenue for the quarter was up 66.0% compared to the same quarter last year. On average, equities research analysts expect that Dollar Tree Inc. will post $3.81 EPS for the current fiscal year.
DLTR has been the subject of several research reports. Barclays PLC initiated coverage on Dollar Tree in a research report on Thursday, September 22nd. They set an “equal weight” rating and a $88.00 price target for the company. Vetr cut Dollar Tree from a “strong-buy” rating to a “buy” rating and set a $86.00 price target for the company. in a research report on Tuesday, September 27th. MKM Partners reiterated a “buy” rating and set a $104.00 price target (up from $80.00) on shares of Dollar Tree in a research report on Tuesday, August 23rd. Citigroup Inc. reiterated a “neutral” rating and set a $89.00 price target (down from $100.00) on shares of Dollar Tree in a research report on Wednesday, August 31st. Finally, Atlantic Securities cut Dollar Tree from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $87.00 to $68.00 in a research report on Tuesday, September 27th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $92.36.
In related news, insider Barry W. Sullivan sold 2,449 shares of Dollar Tree stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $83.21, for a total value of $203,781.29. Following the transaction, the insider now owns 8,904 shares in the company, valued at $740,901.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Conrad M. Hall bought 5,000 shares of Dollar Tree stock in a transaction that occurred on Monday, August 29th. The stock was purchased at an average price of $85.60 per share, for a total transaction of $428,000.00. Following the acquisition, the director now directly owns 799 shares of the company’s stock, valued at approximately $68,394.40. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.
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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