Whittier Trust Co. of Nevada Inc. continued to hold its stake in shares of Dollar Tree Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,200 shares of the company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Dollar Tree were worth $113,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Quadrant Capital Group LLC raised its position in Dollar Tree by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 1,818 shares of the company’s stock worth $165,000 after buying an additional 33 shares during the period. LMR Partners LLP raised its position in Dollar Tree by 612.3% in the second quarter. LMR Partners LLP now owns 26,104 shares of the company’s stock worth $2,460,000 after buying an additional 22,439 shares during the period. Huntington National Bank raised its position in Dollar Tree by 308.2% in the second quarter. Huntington National Bank now owns 8,147 shares of the company’s stock worth $768,000 after buying an additional 6,151 shares during the period. Standard Life Investments LTD raised its position in Dollar Tree by 38.5% in the second quarter. Standard Life Investments LTD now owns 2,797,544 shares of the company’s stock worth $263,654,000 after buying an additional 777,451 shares during the period. Finally, Advisory Services Network LLC raised its position in Dollar Tree by 34.9% in the second quarter. Advisory Services Network LLC now owns 3,644 shares of the company’s stock worth $343,000 after buying an additional 942 shares during the period. 94.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dollar Tree Inc. (NASDAQ:DLTR) traded down 1.46% during trading on Friday, hitting $77.09. 1,565,183 shares of the company’s stock were exchanged. Dollar Tree Inc. has a one year low of $61.33 and a one year high of $99.93. The firm has a 50-day moving average price of $80.57 and a 200-day moving average price of $86.51. The stock has a market cap of $18.18 billion, a P/E ratio of 25.58 and a beta of 0.54.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, August 25th. The company reported $0.72 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 firm had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. Dollar Tree’s revenue for the quarter was up 66.0% on a year-over-year basis. Equities research analysts expect that Dollar Tree Inc. will post $3.80 EPS for the current fiscal year.
A number of research firms have recently commented on DLTR. Goldman Sachs Group Inc. restated a “buy” rating on shares of Dollar Tree in a research report on Wednesday, July 6th. Buckingham Research restated a “buy” rating and set a $106.00 price target on shares of Dollar Tree in a research report on Wednesday, July 6th. Jefferies Group restated 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 boosted their price target for the company from $82.00 to $110.00 in a research report on Monday, August 1st. Finally, Vetr lowered shares of Dollar Tree from a “hold” rating to a “sell” rating and set a $74.00 price target for the company. in a research report on Monday. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $91.09.
In related news, Director Lemuel E. Lewis acquired 1,560 shares of the stock in a transaction on Tuesday, September 13th. The stock was bought at an average cost of $80.00 per share, with a total value of $124,800.00. Following the transaction, the director now directly owns 11,029 shares in the company, valued at $882,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Barry W. Sullivan sold 2,449 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $83.21, for a total transaction of $203,781.29. Following the completion of the sale, the insider now directly owns 8,904 shares of the company’s stock, valued at $740,901.84. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.
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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