Intermede Investment Partners Ltd boosted its stake in shares of Dollar Tree Inc. (NASDAQ:DLTR) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 476,789 shares of the company’s stock after buying an additional 9,370 shares during the period. Dollar Tree comprises approximately 5.2% of Intermede Investment Partners Ltd’s portfolio, making the stock its 4th largest position. Intermede Investment Partners Ltd’s holdings in Dollar Tree were worth $44,933,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of DLTR. Credit Agricole S A boosted its stake in Dollar Tree by 226.8% in the first quarter. Credit Agricole S A now owns 573,374 shares of the company’s stock valued at $47,280,000 after buying an additional 397,949 shares during the last quarter. Teachers Advisors Inc. boosted its stake in Dollar Tree by 73.3% in the first quarter. Teachers Advisors Inc. now owns 859,176 shares of the company’s stock valued at $70,848,000 after buying an additional 363,490 shares during the last quarter. Calamos Advisors LLC bought a new stake in Dollar Tree during the second quarter valued at about $28,225,000. Bank of Montreal Can bought a new stake in Dollar Tree during the second quarter valued at about $26,437,000. Finally, TIAA CREF Investment Management LLC boosted its stake in Dollar Tree by 28.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,049,584 shares of the company’s stock valued at $86,549,000 after buying an additional 233,299 shares during the last quarter. 94.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dollar Tree Inc. (NASDAQ:DLTR) traded up 0.57% during trading on Tuesday, reaching $80.46. 2,883,034 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $87.27 and a 200 day moving average price of $86.85. Dollar Tree Inc. has a 12-month low of $60.31 and a 12-month high of $99.93. The company has a market capitalization of $18.97 billion, a P/E ratio of 26.70 and a beta of 0.43.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The company earned $5.02 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same period last year, the business earned $0.67 earnings per share. The firm’s revenue was up 66.0% compared to the same quarter last year. Equities analysts expect that Dollar Tree Inc. will post $3.78 EPS for the current fiscal year.
DLTR has been the topic of several recent analyst reports. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Dollar Tree in a research report on Wednesday, July 6th. Jefferies Group reiterated a “hold” rating on shares of Dollar Tree in a research report on Monday, September 12th. Deutsche Bank AG upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and lifted their price objective for the company from $82.00 to $110.00 in a research report on Monday, August 1st. MKM Partners reiterated a “buy” rating and set a $104.00 price objective (up previously from $80.00) on shares of Dollar Tree in a research report on Tuesday, August 23rd. Finally, Vetr upgraded shares of Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $112.00 price objective on the stock in a research report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $93.55.
In related news, Director Thomas A. Saunders sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $95.50, for a total transaction of $477,500.00. Following the completion of the sale, the director now directly owns 2,310,387 shares of the company’s stock, valued at approximately $220,641,958.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lemuel E. Lewis acquired 1,470 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were acquired at an average cost of $85.00 per share, with a total value of $124,950.00. Following the completion of the transaction, the director now directly owns 9,469 shares in the company, valued at approximately $804,865. The disclosure for this purchase can be found here. 4.10% of the stock is owned by company insiders.
About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.
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