LMR Partners LLP increased its position in shares of Dollar Tree Inc. (NASDAQ:DLTR) by 612.3% during the second quarter, Holdings Channel reports. The firm owned 26,104 shares of the company’s stock after buying an additional 22,439 shares during the period. LMR Partners LLP’s holdings in Dollar Tree were worth $2,460,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in DLTR. Standard Life Investments LTD boosted its stake in shares of Dollar Tree by 38.5% in the second quarter. Standard Life Investments LTD now owns 2,797,544 shares of the company’s stock worth $263,654,000 after buying an additional 777,451 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. Calamos Advisors LLC bought a new stake in shares of Dollar Tree during the second quarter worth $28,225,000. Bank of Montreal Can bought a new stake in shares of Dollar Tree during the second quarter worth $26,437,000. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of 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 worth $86,549,000 after buying an additional 233,299 shares during the period. 94.37% of the stock is owned by hedge funds and other institutional investors.
Dollar Tree Inc. (NASDAQ:DLTR) traded up 3.95% during midday trading on Thursday, hitting $78.09. 5,663,937 shares of the stock traded hands. The firm has a market cap of $18.41 billion, a P/E ratio of 25.91 and a beta of 0.54. Dollar Tree Inc. has a 1-year low of $60.31 and a 1-year high of $99.93. The company has a 50-day moving average price of $83.61 and a 200-day moving average price of $86.68.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The business earned $5.02 billion during the quarter, compared to analyst estimates of $5.08 billion. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The business’s revenue for the quarter was up 66.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. Analysts predict that Dollar Tree Inc. will post $3.81 EPS for the current year.
A number of research analysts have commented on the stock. Credit Suisse Group AG set a $69.00 price objective on shares of Dollar Tree and gave the company a “sell” rating in a research note on Wednesday. Cleveland Research lowered shares of Dollar Tree from a “buy” rating to a “neutral” rating in a research note on Tuesday. Vetr lowered shares of Dollar Tree from a “buy” rating to a “sell” rating and set a $74.00 price objective on the stock. in a research note on Monday. Zacks Investment Research lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Atlantic Securities lowered shares of Dollar Tree from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $87.00 to $68.00 in a research note on Tuesday, September 27th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Dollar Tree presently has a consensus rating of “Hold” and an average price target of $91.77.
In other Dollar Tree news, insider Barry W. Sullivan sold 2,449 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $83.21, for a total value of $203,781.29. Following the completion of the transaction, the insider now directly owns 8,904 shares in the company, valued at $740,901.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Conrad M. Hall bought 5,000 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was purchased at an average price of $85.60 per share, with a total value of $428,000.00. Following the completion of the acquisition, the director now owns 799 shares of the company’s stock, valued at $68,394.40. 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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