Barings LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,846 shares of the company’s stock, valued at approximately $247,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prudential Financial Inc. raised its stake in shares of Dollar Tree by 8.4% in the second quarter. Prudential Financial Inc. now owns 358,085 shares of the company’s stock valued at $25,037,000 after acquiring an additional 27,672 shares in the last quarter. Rockshelter Capital Management LLC acquired a new stake in shares of Dollar Tree in the second quarter valued at $5,850,000. Shell Asset Management Co. raised its stake in shares of Dollar Tree by 368.4% in the third quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock valued at $4,057,000 after acquiring an additional 56,906 shares in the last quarter. South Dakota Investment Council acquired a new stake in shares of Dollar Tree in the second quarter valued at $804,000. Finally, Korea Investment CORP raised its stake in shares of Dollar Tree by 170.4% in the third quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock valued at $4,904,000 after acquiring an additional 35,600 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.
Dollar Tree, Inc. (NASDAQ DLTR) opened at $105.52 on Thursday. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $107.11. The stock has a market capitalization of $25,219.96, a PE ratio of 24.34, a P/E/G ratio of 1.67 and a beta of 0.64.
In related news, insider William A. Old, Jr. sold 1,487 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas A. Saunders sold 33,750 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $106.34, for a total value of $3,588,975.00. Following the transaction, the director now directly owns 2,332,294 shares in the company, valued at approximately $248,016,143.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 382,141 shares of company stock worth $36,142,631. Corporate insiders own 2.90% of the company’s stock.
DLTR has been the topic of several analyst reports. Bank of America initiated coverage on Dollar Tree in a research note on Friday, August 25th. They issued a “buy” rating and a $91.00 price objective on the stock. Buckingham Research increased their price objective on Dollar Tree from $87.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Loop Capital reiterated a “buy” rating and issued a $86.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. Deutsche Bank reiterated a “buy” rating and issued a $98.00 price objective (up from $95.00) on shares of Dollar Tree in a research note on Thursday, August 24th. Finally, BTIG Research reiterated a “buy” rating and issued a $98.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 23rd. Eleven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $99.92.
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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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