Insight Capital Research & Management Inc. purchased a new position in Dollar Tree Inc. (NASDAQ:DLTR) during the second quarter, Holdings Channel reports. The fund purchased 15,467 shares of the company’s stock, valued at approximately $1,458,000.
A number of other institutional investors have also bought and sold shares of the company. Advisor Partners LLC purchased a new stake in shares of Dollar Tree during the first quarter worth about $214,000. TimesSquare Capital Management LLC boosted its stake in shares of Dollar Tree by 0.5% in the first quarter. TimesSquare Capital Management LLC now owns 1,564,125 shares of the company’s stock worth $128,978,000 after buying an additional 7,595 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Dollar Tree during the first quarter worth about $108,000. Tobam purchased a new stake in shares of Dollar Tree during the first quarter worth about $810,000. Finally, BlackRock Fund Advisors boosted its stake in shares of Dollar Tree by 0.6% in the first quarter. BlackRock Fund Advisors now owns 3,964,963 shares of the company’s stock worth $326,951,000 after buying an additional 25,183 shares in the last quarter. Institutional investors and hedge funds own 94.37% of the company’s stock.
Shares of Dollar Tree Inc. (NASDAQ:DLTR) traded down 3.90% during mid-day trading on Tuesday, hitting $76.43. 4,758,493 shares of the company traded hands. The firm’s 50 day moving average price is $84.19 and its 200-day moving average price is $86.76. Dollar Tree Inc. has a 1-year low of $60.31 and a 1-year high of $99.93. The stock has a market capitalization of $18.02 billion, a PE ratio of 25.36 and a beta of 0.54.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The firm earned $5.02 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue for the quarter was up 66.0% on a year-over-year basis. On average, equities research analysts forecast that Dollar Tree Inc. will post $3.81 EPS for the current year.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a report on Monday, July 11th. Piper Jaffray Cos. restated a “neutral” rating and set a $85.00 price objective (down previously from $87.00) on shares of Dollar Tree in a report on Monday, August 29th. Cleveland Research cut Dollar Tree from a “buy” rating to a “neutral” rating in a report on Tuesday. Morgan Stanley set a $90.00 price objective on Dollar Tree and gave the stock a “hold” rating in a report on Wednesday, August 31st. Finally, MKM Partners cut Dollar Tree from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $104.00 to $80.00 in a report on Friday, August 26th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $91.82.
In other Dollar Tree news, Director Thomas A. Saunders sold 5,000 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $95.50, for a total value of $477,500.00. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lemuel E. Lewis purchased 1,560 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was purchased at an average cost of $80.00 per share, with a total value of $124,800.00. Following the completion of the acquisition, the director now owns 11,029 shares in the company, valued at $882,320. The disclosure for this purchase can be found here. 4.10% of the stock is currently 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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