National Pension Service boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 257,053 shares of the company’s stock after acquiring an additional 2,954 shares during the quarter. National Pension Service owned about 0.11% of Dollar Tree worth $27,584,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Rockshelter Capital Management LLC purchased a new position in shares of Dollar Tree during the 2nd quarter valued at about $5,850,000. Shell Asset Management Co. raised its stake in shares of Dollar Tree by 368.4% during the 3rd quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock valued at $4,057,000 after buying an additional 56,906 shares during the last quarter. Korea Investment CORP raised its stake in shares of Dollar Tree by 170.4% during the 3rd quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock valued at $4,904,000 after buying an additional 35,600 shares during the last quarter. Wright Investors Service Inc. purchased a new position in shares of Dollar Tree during the 3rd quarter valued at about $501,000. Finally, British Airways Pensions Investment Management Ltd purchased a new position in shares of Dollar Tree during the 3rd quarter valued at about $34,022,000. 89.74% of the stock is owned by institutional investors.
A number of research firms have weighed in on DLTR. Oppenheimer began coverage on Dollar Tree in a research note on Tuesday. They set an “outperform” rating and a $130.00 price objective for the company. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 price objective for the company in a research note on Tuesday. Wells Fargo & Co reiterated an “outperform” rating and set a $132.00 price objective (up previously from $122.00) on shares of Dollar Tree in a research note on Tuesday. Guggenheim began coverage on Dollar Tree in a research note on Wednesday, January 10th. They set a “buy” rating and a $125.00 price objective for the company. Finally, BidaskClub lowered Dollar Tree from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Dollar Tree currently has an average rating of “Buy” and a consensus target price of $105.04.
In other news, insider Mike R. Matacunas sold 2,975 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $104.82, for a total transaction of $311,839.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $91.13, for a total value of $13,669,500.00. Following the transaction, the chairman now owns 1,128,795 shares in the company, valued at $102,867,088.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 293,132 shares of company stock worth $28,348,680. Insiders own 4.10% of the company’s stock.
Shares of Dollar Tree, Inc. (DLTR) opened at $114.73 on Friday. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $115.89. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $26,768.20, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.85 and a beta of 0.63.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. Dollar Tree’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. equities analysts anticipate that Dollar Tree, Inc. will post 4.87 earnings per share for the current year.
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About Dollar Tree
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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