Levin Capital Strategies L.P. acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 86,291 shares of the company’s stock, valued at approximately $8,189,000.
A number of other institutional investors have also recently made changes to their positions in DLTR. First Trust Advisors LP grew its stake in Dollar Tree by 47.8% in the fourth quarter. First Trust Advisors LP now owns 188,894 shares of the company’s stock valued at $20,270,000 after acquiring an additional 61,132 shares during the period. Advisory Services Network LLC grew its stake in Dollar Tree by 171.9% in the fourth quarter. Advisory Services Network LLC now owns 4,688 shares of the company’s stock valued at $503,000 after acquiring an additional 2,964 shares during the period. Chartwell Investment Partners LLC purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $1,425,000. First Allied Advisory Services Inc. purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $362,000. Finally, Arizona State Retirement System boosted its position in shares of Dollar Tree by 3.3% during the fourth quarter. Arizona State Retirement System now owns 85,475 shares of the company’s stock valued at $9,172,000 after buying an additional 2,723 shares during the last quarter. 91.22% of the stock is owned by hedge funds and other institutional investors.
Shares of DLTR opened at $87.27 on Wednesday. The firm has a market capitalization of $21.02 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.11 and a beta of 0.79. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.41 and a current ratio of 2.11. Dollar Tree, Inc. has a 1 year low of $66.01 and a 1 year high of $116.65.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, May 31st. The company reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The firm had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.56 billion. Dollar Tree had a net margin of 7.44% and a return on equity of 18.23%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. research analysts anticipate that Dollar Tree, Inc. will post 5.53 earnings per share for the current fiscal year.
In related news, Director Lemuel E. Lewis acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 4th. The shares were bought at an average cost of $80.44 per share, for a total transaction of $201,100.00. Following the purchase, the director now owns 17,654 shares in the company, valued at approximately $1,420,087.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert H. Rudman sold 2,764 shares of the business’s stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $93.70, for a total value of $258,986.80. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Several research analysts recently issued reports on the company. Credit Suisse Group set a $93.00 target price on Dollar Tree and gave the company a “buy” rating in a research report on Tuesday, June 12th. ValuEngine raised Dollar Tree from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. Oppenheimer cut their target price on Dollar Tree from $108.00 to $92.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 5th. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Moffett Nathanson cut Dollar Tree from a “buy” rating to a “neutral” rating in a research report on Friday, May 11th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $106.64.
Dollar Tree Company 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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