Montag & Caldwell LLC Has $188,717,000 Position in Dollar Tree Inc. (DLTR)
Montag & Caldwell LLC reduced its position in shares of Dollar Tree Inc. (NASDAQ:DLTR) by 20.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,002,515 shares of the company’s stock after selling 526,647 shares during the period. Dollar Tree comprises 3.8% of Montag & Caldwell LLC’s investment portfolio, making the stock its 10th largest position. Montag & Caldwell LLC’s holdings in Dollar Tree were worth $188,717,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of DLTR. Standard Life Investments LTD increased its stake 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. Credit Agricole S A increased its stake in shares of Dollar Tree by 226.8% in the first quarter. Credit Agricole S A now owns 573,374 shares of the company’s stock worth $47,280,000 after buying an additional 397,949 shares during the period. Teachers Advisors Inc. increased its stake in shares of Dollar Tree by 73.3% in the first quarter. Teachers Advisors Inc. now owns 859,176 shares of the company’s stock worth $70,848,000 after buying an additional 363,490 shares during the period. Calamos Advisors LLC purchased a new stake in shares of Dollar Tree during the second quarter worth $28,225,000. Finally, Bank of Montreal Can purchased a new stake in shares of Dollar Tree during the second quarter worth $26,437,000. Institutional investors and hedge funds own 94.37% of the company’s stock.
Dollar Tree Inc. (NASDAQ:DLTR) traded down 3.8709% during mid-day trading on Tuesday, hitting $76.4515. The stock had a trading volume of 4,031,063 shares. The stock’s 50-day moving average is $84.76 and its 200 day moving average is $86.79. Dollar Tree Inc. has a 52 week low of $60.31 and a 52 week high of $99.93. The company has a market capitalization of $18.03 billion, a P/E ratio of 25.3655 and a beta of 0.54.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. The company earned $5.02 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The firm’s revenue for the quarter was up 66.0% on a year-over-year basis. Equities analysts forecast that Dollar Tree Inc. will post $3.81 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on DLTR shares. Jefferies Group reiterated a “hold” rating on shares of Dollar Tree in a report on Monday, September 12th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Dollar Tree in a research note on Wednesday, July 6th. Deutsche Bank AG upgraded Dollar Tree from a “hold” rating to a “buy” rating and upped their price objective for the stock from $82.00 to $110.00 in a research note on Monday, August 1st. Atlantic Securities downgraded Dollar Tree from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $87.00 to $68.00 in a research note on Tuesday, September 27th. Finally, MKM Partners restated a “buy” rating and set a $104.00 price objective (up from $80.00) on shares of Dollar Tree in a research note on Tuesday, August 23rd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $91.82.
In related news, Director Lemuel E. Lewis purchased 1,560 shares of Dollar Tree stock in a transaction dated Tuesday, September 13th. The shares were acquired at an average cost of $80.00 per share, for a total transaction of $124,800.00. Following the transaction, the director now directly owns 11,029 shares of the company’s stock, valued at $882,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Barry W. Sullivan sold 2,449 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $83.21, for a total value of $203,781.29. Following the completion of the transaction, the insider now owns 8,904 shares in the company, valued at $740,901.84. The disclosure for this sale can be found here. 4.10% of the stock is owned by insiders.
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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