Sequoia Financial Advisors LLC grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,819 shares of the company’s stock after purchasing an additional 1,059 shares during the period. Sequoia Financial Advisors LLC’s holdings in Dollar Tree were worth $2,556,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of DLTR. Strs Ohio lifted its holdings in shares of Dollar Tree by 11.5% in the 3rd quarter. Strs Ohio now owns 9,729 shares of the company’s stock valued at $844,000 after buying an additional 1,004 shares during the period. Aperio Group LLC lifted its holdings in shares of Dollar Tree by 7.7% in the 3rd quarter. Aperio Group LLC now owns 77,910 shares of the company’s stock valued at $6,764,000 after buying an additional 5,551 shares during the period. Korea Investment CORP lifted its holdings in shares of Dollar Tree by 170.4% in the 3rd quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock valued at $4,904,000 after buying an additional 35,600 shares during the period. First Quadrant L P CA lifted its holdings in shares of Dollar Tree by 6.8% in the 3rd quarter. First Quadrant L P CA now owns 54,130 shares of the company’s stock valued at $4,700,000 after buying an additional 3,430 shares during the period. Finally, IFC Holdings Incorporated FL lifted its holdings in shares of Dollar Tree by 19.3% in the 3rd quarter. IFC Holdings Incorporated FL now owns 4,745 shares of the company’s stock valued at $409,000 after buying an additional 769 shares during the period. 91.50% of the stock is owned by institutional investors and hedge funds.
In other Dollar Tree news, Director Thomas A. Saunders sold 33,750 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the completion of the sale, the director now directly owns 2,332,294 shares in the company, valued at approximately $248,016,143.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Michael A. Witynski sold 4,644 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $102.04, for a total value of $473,873.76. Following the sale, the chief operating officer now owns 12,381 shares of the company’s stock, valued at $1,263,357.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,834 shares of company stock valued at $5,408,235. 4.10% of the stock is owned by company insiders.
Several equities analysts have recently issued reports on DLTR shares. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Wednesday, November 8th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $118.00 price objective on shares of Dollar Tree in a report on Friday, November 3rd. Raymond James Financial set a $124.00 price objective on Dollar Tree and gave the company a “buy” rating in a report on Thursday, December 7th. Wells Fargo & Co reissued an “outperform” rating and issued a $138.00 price objective (up previously from $132.00) on shares of Dollar Tree in a report on Tuesday, January 16th. Finally, BidaskClub cut Dollar Tree from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. Twelve research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. Dollar Tree currently has a consensus rating of “Buy” and a consensus price target of $105.92.
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Dollar Tree 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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