Korea Investment CORP grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 170.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 56,489 shares of the company’s stock after buying an additional 35,600 shares during the period. Korea Investment CORP’s holdings in Dollar Tree were worth $4,904,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of DLTR. FMR LLC raised its holdings in Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after buying an additional 5,724,495 shares during the last quarter. Maverick Capital Ltd. raised its holdings in shares of Dollar Tree by 86.7% during the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock valued at $568,842,000 after purchasing an additional 3,777,579 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Dollar Tree by 10.3% during the second quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock valued at $1,112,013,000 after purchasing an additional 1,479,936 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Dollar Tree by 116.0% during the second quarter. Renaissance Technologies LLC now owns 1,801,303 shares of the company’s stock valued at $125,947,000 after purchasing an additional 967,500 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Dollar Tree by 3.2% during the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock valued at $1,563,349,000 after purchasing an additional 691,393 shares during the last quarter. 90.68% of the stock is owned by institutional investors and hedge funds.
DLTR has been the subject of several research reports. Sanford C. Bernstein raised shares of Dollar Tree from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $65.00 to $78.00 in a report on Monday, August 28th. They noted that the move was a valuation call. Raymond James Financial, Inc. raised shares of Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 target price for the company in a report on Friday, August 25th. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a report on Friday, October 13th. Jefferies Group LLC reaffirmed a “hold” rating and set a $85.00 target price on shares of Dollar Tree in a report on Tuesday, October 31st. Finally, Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Wednesday, October 11th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $92.38.
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In other Dollar Tree news, insider Gary M. Philbin sold 2,795 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the transaction, the insider now directly owns 34,532 shares in the company, valued at approximately $2,917,954. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gary M. Philbin sold 9,950 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total transaction of $841,173.00. Following the transaction, the insider now owns 34,532 shares in the company, valued at $2,919,335.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 251,449 shares of company stock worth $22,808,837. 2.90% of the stock is owned by company insiders.
Dollar Tree, Inc. (NASDAQ:DLTR) opened at $95.06 on Monday. The company has a current ratio of 1.83, a quick ratio of 0.43 and a debt-to-equity ratio of 0.95. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $95.64. The stock has a market cap of $22,514.46, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.55 and a beta of 0.59.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same period in the prior year, the business earned $0.72 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. equities analysts anticipate that Dollar Tree, Inc. will post 4.66 earnings per share for the current year.
Dollar Tree Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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