Intermede Investment Partners Ltd reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 408,175 shares of the company’s stock after selling 38 shares during the period. Dollar Tree makes up approximately 2.8% of Intermede Investment Partners Ltd’s holdings, making the stock its 22nd largest position. Intermede Investment Partners Ltd’s holdings in Dollar Tree were worth $28,540,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of DLTR. Vanguard Group Inc. raised its position in shares of Dollar Tree by 3.3% in the first quarter. Vanguard Group Inc. now owns 21,667,705 shares of the company’s stock worth $1,700,048,000 after buying an additional 688,409 shares during the last quarter. BlackRock Inc. raised its stake in shares of Dollar Tree by 1,996.3% in the first quarter. BlackRock Inc. now owns 14,424,151 shares of the company’s stock worth $1,131,717,000 after buying an additional 13,736,060 shares during the period. FMR LLC raised its stake in shares of Dollar Tree by 2.2% in the first quarter. FMR LLC now owns 11,584,967 shares of the company’s stock worth $908,957,000 after buying an additional 250,483 shares during the period. State Street Corp raised its stake in shares of Dollar Tree by 2.5% in the first quarter. State Street Corp now owns 9,886,212 shares of the company’s stock worth $775,667,000 after buying an additional 239,221 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Dollar Tree by 0.3% in the first quarter. Principal Financial Group Inc. now owns 4,981,951 shares of the company’s stock worth $390,884,000 after buying an additional 16,823 shares during the period. Institutional investors and hedge funds own 92.40% of the company’s stock.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) traded up 1.10% during midday trading on Monday, hitting $69.87. The company had a trading volume of 2,537,131 shares. The firm’s 50 day moving average is $75.47 and its 200 day moving average is $77.59. The company has a market capitalization of $16.54 billion, a P/E ratio of 19.14 and a beta of 0.68. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $99.93.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.98. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the business earned $0.89 EPS. Dollar Tree’s revenue was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that Dollar Tree, Inc. will post $4.50 EPS for the current year.
A number of analysts have recently weighed in on the company. Deutsche Bank AG restated a “buy” rating and issued a $95.00 target price on shares of Dollar Tree in a research note on Tuesday, July 4th. Credit Suisse Group upgraded Dollar Tree from an “underperform” rating to a “neutral” rating and set a $73.00 price target on the stock in a report on Thursday, March 23rd. Royal Bank Of Canada set a $95.00 price target on Dollar Tree and gave the company a “buy” rating in a report on Monday, April 3rd. Citigroup Inc. reiterated a “neutral” rating and issued a $86.00 price target (up previously from $85.00) on shares of Dollar Tree in a report on Sunday, June 11th. Finally, Atlantic Securities upgraded Dollar Tree from an “underweight” rating to a “neutral” rating in a report on Tuesday, April 4th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $87.57.
In other Dollar Tree news, Director Thomas A. Saunders sold 13,660 shares of Dollar Tree stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $68.75, for a total transaction of $939,125.00. Following the sale, the director now directly owns 2,390,881 shares of the company’s stock, valued at approximately $164,373,068.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Bob Sasser sold 40,029 shares of Dollar Tree stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $79.00, for a total value of $3,162,291.00. Following the sale, the chief executive officer now directly owns 65,070 shares in the company, valued at $5,140,530. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 10,375 shares of company stock worth $705,819 and have sold 64,482 shares worth $4,881,476. 2.90% of the stock is owned by insiders.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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