Investors Buy Shares of Dollar Tree Inc. (DLTR) on Weakness
Traders bought shares of Dollar Tree Inc. (NASDAQ:DLTR) on weakness during trading on Thursday. $40.20 million flowed into the stock on the tick-up and $30.24 million flowed out of the stock on the tick-down, for a money net flow of $9.96 million into the stock. Of all companies tracked, Dollar Tree had the 15th highest net in-flow for the day. Dollar Tree traded down ($0.75) for the day and closed at $97.37
DLTR has been the topic of a number of analyst reports. Zacks Investment Research cut Dollar Tree from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. Jefferies Group reissued a “hold” rating and issued a $75.00 price target on shares of Dollar Tree in a research note on Monday, May 16th. Sterne Agee CRT reissued a “buy” rating on shares of Dollar Tree in a research note on Monday, May 16th. Deutsche Bank AG restated a “hold” rating and set a $82.00 price objective (up from $77.00) on shares of Dollar Tree in a research report on Monday, May 23rd. Finally, Topeka Capital Markets initiated coverage on Dollar Tree in a research report on Monday, May 23rd. They set a “buy” rating and a $105.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $94.95.
The stock has a market cap of $22.95 billion and a price-to-earnings ratio of 50.74. The stock’s 50 day moving average price is $95.23 and its 200-day moving average price is $85.10.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, May 26th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.08. During the same quarter in the previous year, the business posted $0.71 earnings per share. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.10 billion. The firm’s quarterly revenue was up 133.6% compared to the same quarter last year. On average, equities analysts predict that Dollar Tree Inc. will post $3.80 EPS for the current year.
In related news, VP Jason S. Reiser sold 6,586 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $90.03, for a total transaction of $592,937.58. Following the completion of the transaction, the vice president now directly owns 3,134 shares in the company, valued at $282,154.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William A. Old, Jr. sold 2,616 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $90.00, for a total value of $235,440.00. Following the transaction, the insider now owns 5,950 shares of the company’s stock, valued at $535,500. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently bought and sold shares of DLTR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Dollar Tree by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,341 shares of the company’s stock worth $1,185,000 after buying an additional 260 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of Dollar Tree by 5.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 29,664 shares of the company’s stock valued at $2,291,000 after buying an additional 1,533 shares during the period. Royce & Associates LLC boosted its position in shares of Dollar Tree by 48.8% in the fourth quarter. Royce & Associates LLC now owns 43,000 shares of the company’s stock valued at $3,320,000 after buying an additional 14,100 shares during the period. Morgan Stanley boosted its position in shares of Dollar Tree by 12.5% in the fourth quarter. Morgan Stanley now owns 675,307 shares of the company’s stock valued at $52,147,000 after buying an additional 74,900 shares during the period. Finally, Eaton Vance Management boosted its position in shares of Dollar Tree by 506.2% in the fourth quarter. Eaton Vance Management now owns 31,117 shares of the company’s stock valued at $2,403,000 after buying an additional 25,984 shares during the period.
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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