Bank of Hawaii increased its position in shares of Dollar Tree Inc. (NASDAQ:DLTR) by 8.4% during the second quarter, Holdings Channel reports. The institutional investor owned 20,077 shares of the company’s stock after buying an additional 1,550 shares during the period. Bank of Hawaii’s holdings in Dollar Tree were worth $1,892,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WestEnd Advisors LLC acquired a new position in shares of Dollar Tree during the second quarter worth about $94,632,000. Standard Life Investments LTD raised its position in shares of 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. Calamos Advisors LLC acquired a new position in shares of Dollar Tree during the second quarter worth about $28,225,000. Bank of Montreal Can acquired a new position in shares of Dollar Tree during the second quarter worth about $26,437,000. Finally, Friess Associates LLC acquired a new position in shares of Dollar Tree during the first quarter worth about $15,834,000. Institutional investors and hedge funds own 95.01% of the company’s stock.
Dollar Tree Inc. (NASDAQ:DLTR) traded up 0.14% during trading on Wednesday, hitting $76.36. The company had a trading volume of 650,413 shares. The stock has a market capitalization of $18.00 billion, a PE ratio of 25.34 and a beta of 0.54. Dollar Tree Inc. has a one year low of $61.33 and a one year high of $99.93. The stock has a 50-day moving average of $79.97 and a 200-day moving average of $86.43.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.73 by $0.01. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.08 billion. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The company’s revenue was up 66.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. On average, equities analysts anticipate that Dollar Tree Inc. will post $3.80 EPS for the current year.
A number of analysts have recently commented on the company. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Dollar Tree in a research note on Wednesday, July 6th. Buckingham Research reissued a “buy” rating and issued a $106.00 price objective on shares of Dollar Tree in a research note on Wednesday, July 6th. Jefferies Group reissued a “hold” rating on shares of Dollar Tree in a research note on Monday, September 12th. Deutsche Bank AG raised Dollar Tree from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $82.00 to $110.00 in a research note on Monday, August 1st. Finally, Vetr downgraded Dollar Tree from a “hold” rating to a “sell” rating and set a $74.00 price objective on the stock. in a research note on Monday, October 10th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $91.09.
In other news, Director Conrad M. Hall purchased 5,000 shares of the stock in a transaction dated Monday, August 29th. The shares were purchased at an average price of $85.60 per share, with a total value of $428,000.00. Following the transaction, the director now owns 799 shares in the company, valued at approximately $68,394.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lemuel E. Lewis purchased 1,470 shares of the stock in a transaction dated Tuesday, August 30th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $124,950.00. Following the transaction, the director now owns 9,469 shares in the company, valued at approximately $804,865. The disclosure for this purchase can be found here. 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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