Dollar Tree Inc. (DLTR) Stake Decreased by Eads & Heald Investment Counsel
Eads & Heald Investment Counsel cut its stake in Dollar Tree Inc. (NASDAQ:DLTR) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 7,855 shares of the company’s stock after selling 200 shares during the period. Eads & Heald Investment Counsel’s holdings in Dollar Tree were worth $740,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. WestEnd Advisors LLC purchased a new position in Dollar Tree during the second quarter worth about $94,632,000. Standard Life Investments LTD raised its position in 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 raised its position in 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. Calamos Advisors LLC purchased a new position in Dollar Tree during the second quarter worth about $28,225,000. Finally, Bank of Montreal Can purchased a new position in Dollar Tree during the second quarter worth about $26,437,000. Institutional investors and hedge funds own 95.01% of the company’s stock.
Shares of Dollar Tree Inc. (NASDAQ:DLTR) traded down 0.53% during trading on Monday, reaching $76.68. The company had a trading volume of 541,777 shares. Dollar Tree Inc. has a 12 month low of $61.33 and a 12 month high of $99.93. The stock has a 50 day moving average price of $80.33 and a 200 day moving average price of $86.48. The firm has a market capitalization of $18.08 billion, a PE ratio of 25.44 and a beta of 0.54.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.01. Dollar Tree had a net margin of 3.50% and a return on equity of 16.29%. The company earned $5.02 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The firm’s revenue was up 66.0% on a year-over-year basis. On average, equities research analysts forecast that Dollar Tree Inc. will post $3.80 EPS for the current year.
A number of research firms have issued reports on DLTR. KeyCorp began coverage on shares of Dollar Tree in a report on Wednesday, October 12th. They issued an “overweight” rating and a $90.00 target price on the stock. Deutsche Bank AG reduced their target price on shares of Dollar Tree from $104.00 to $96.00 and set a “buy” rating on the stock in a report on Monday, October 10th. Vetr lowered shares of Dollar Tree from a “hold” rating to a “sell” rating and set a $74.00 target price on the stock. in a report on Monday, October 10th. Credit Suisse Group AG set a $69.00 target price on shares of Dollar Tree and gave the company a “sell” rating in a report on Wednesday, October 5th. Finally, Cleveland Research lowered shares of Dollar Tree from a “buy” rating to a “neutral” rating in a report on Tuesday, October 4th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $91.09.
In related news, Director Lemuel E. Lewis acquired 1,470 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were acquired at an average cost of $85.00 per share, with a total value of $124,950.00. Following the purchase, the director now owns 9,469 shares of the company’s stock, valued at $804,865. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Conrad M. Hall acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was bought at an average cost of $85.60 per share, for a total transaction of $428,000.00. Following the completion of the purchase, the director now directly owns 799 shares in the company, valued at approximately $68,394.40. The disclosure for this purchase can be found here. 4.10% of the stock is owned by corporate 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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