BlackRock Inc. increased its stake in Dollar Tree (NASDAQ:DLTR) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,661,509 shares of the company’s stock after purchasing an additional 323,813 shares during the quarter. BlackRock Inc. owned about 6.17% of Dollar Tree worth $1,391,378,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. grew its position in shares of Dollar Tree by 38.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock valued at $203,000 after purchasing an additional 528 shares in the last quarter. Advisor Partners LLC grew its position in Dollar Tree by 17.6% during the fourth quarter. Advisor Partners LLC now owns 3,800 shares of the company’s stock worth $436,000 after buying an additional 568 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Dollar Tree by 0.8% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 67,569 shares of the company’s stock worth $6,412,000 after buying an additional 568 shares in the last quarter. Fernwood Investment Management LLC grew its position in Dollar Tree by 12.6% during the first quarter. Fernwood Investment Management LLC now owns 5,350 shares of the company’s stock worth $508,000 after buying an additional 600 shares in the last quarter. Finally, Dupont Capital Management Corp grew its position in Dollar Tree by 77.0% during the first quarter. Dupont Capital Management Corp now owns 1,632 shares of the company’s stock worth $155,000 after buying an additional 710 shares in the last quarter. Institutional investors own 91.17% of the company’s stock.
Several equities analysts recently commented on DLTR shares. Raymond James set a $110.00 target price on Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, March 8th. Buckingham Research set a $114.00 target price on Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, March 8th. Deutsche Bank set a $119.00 target price on Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, March 8th. Guggenheim restated a “buy” rating on shares of Dollar Tree in a research report on Wednesday, January 31st. Finally, Bank of America boosted their target price on Dollar Tree from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $110.31.
Dollar Tree opened at $95.18 on Friday, according to Marketbeat. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $116.65. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.60 and a quick ratio of 0.49. The stock has a market capitalization of $22.27 billion, a PE ratio of 19.58, a P/E/G ratio of 1.13 and a beta of 0.83.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same period last year, the firm posted $1.36 EPS. The company’s revenue was up 12.9% on a year-over-year basis. equities research analysts forecast that Dollar Tree will post 5.65 earnings per share for the current year.
In other Dollar Tree news, Director Conrad M. Hall purchased 10,000 shares of the stock in a transaction on Friday, March 9th. The stock was acquired at an average price of $91.83 per share, with a total value of $918,300.00. Following the transaction, the director now directly owns 799 shares of the company’s stock, valued at approximately $73,372.17. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert H. Rudman sold 6,074 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $93.95, for a total value of $570,652.30. Following the transaction, the insider now directly owns 11,170 shares of the company’s stock, valued at approximately $1,049,421.50. The disclosure for this sale can be found here. In the last three months, insiders sold 14,861 shares of company stock valued at $1,398,752. 1.50% of the stock is currently owned by corporate insiders.
Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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