Guggenheim Capital LLC trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 18.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 562,236 shares of the company’s stock after selling 127,451 shares during the period. Guggenheim Capital LLC’s holdings in Dollar Tree were worth $60,333,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of DLTR. Exane Derivatives acquired a new stake in shares of Dollar Tree in the 4th quarter worth approximately $104,000. Cerebellum GP LLC acquired a new stake in shares of Dollar Tree in the 4th quarter worth approximately $127,000. FTB Advisors Inc. lifted its stake in shares of Dollar Tree by 249.2% in the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after acquiring an additional 992 shares during the period. First Personal Financial Services acquired a new stake in shares of Dollar Tree in the 4th quarter worth approximately $165,000. Finally, Zions Bancorporation lifted its stake in shares of Dollar Tree by 6,912.9% in the 3rd quarter. Zions Bancorporation now owns 2,174 shares of the company’s stock worth $189,000 after acquiring an additional 2,143 shares during the period. 90.97% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Conrad M. Hall purchased 10,000 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were acquired at an average price of $91.83 per share, for a total transaction of $918,300.00. Following the completion of the acquisition, the director now directly owns 799 shares of the company’s stock, valued at $73,372.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by insiders.
Shares of Dollar Tree, Inc. (DLTR) opened at $94.42 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 1.60 and a debt-to-equity ratio of 0.66. Dollar Tree, Inc. has a fifty-two week low of $65.63 and a fifty-two week high of $116.65. The company has a market cap of $22,355.83, a P/E ratio of 19.36, a P/E/G ratio of 1.22 and a beta of 0.80.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 7th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). Dollar Tree had a return on equity of 18.68% and a net margin of 7.71%. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. analysts predict that Dollar Tree, Inc. will post 5.65 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the stock. Citigroup reduced their price target on shares of Dollar Tree from $113.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday. Zacks Investment Research lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets reaffirmed a “market perform” rating on shares of Dollar Tree in a research note on Friday, March 9th. Royal Bank of Canada reduced their price target on shares of Dollar Tree to $106.00 and set a “top pick” rating for the company in a research note on Thursday, March 8th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $101.00 price target (down from $112.00) on shares of Dollar Tree in a research note on Thursday, March 8th. Twelve analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Dollar Tree has an average rating of “Buy” and a consensus target price of $106.08.
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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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