Russell Investments Group Ltd. Has $73.36 Million Position in Dollar Tree, Inc. (DLTR)
Russell Investments Group Ltd. increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 42.9% during the second quarter, Holdings Channel reports. The firm owned 1,049,151 shares of the company’s stock after buying an additional 314,754 shares during the period. Russell Investments Group Ltd.’s holdings in Dollar Tree were worth $73,358,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. raised its stake in Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the period. FNY Managed Accounts LLC bought a new stake in Dollar Tree during the first quarter worth $124,000. Citizens Financial Group Inc. RI raised its stake in Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares during the period. Quadrant Capital Group LLC raised its stake in Dollar Tree by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 1,769 shares of the company’s stock worth $134,000 after buying an additional 134 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Dollar Tree during the first quarter worth $150,000. 91.68% of the stock is owned by hedge funds and other institutional investors.
Dollar Tree, Inc. (DLTR) opened at 72.24 on Friday. The firm has a 50-day moving average price of $70.14 and a 200 day moving average price of $75.99. The stock has a market capitalization of $17.10 billion, a PE ratio of 19.79 and a beta of 0.68. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $99.93.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.98 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.98. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.29 billion. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 earnings per share. Equities analysts anticipate that Dollar Tree, Inc. will post $4.45 earnings per share for the current year.
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A number of analysts have recently weighed in on the company. Deutsche Bank AG reissued a “buy” rating and set a $95.00 price objective on shares of Dollar Tree in a research note on Tuesday, July 4th. Royal Bank Of Canada set a $95.00 price objective on Dollar Tree and gave the company a “buy” rating in a research note on Monday, April 3rd. Citigroup Inc. reissued a “neutral” rating and set a $86.00 price objective (up previously from $85.00) on shares of Dollar Tree in a research note on Sunday, June 11th. Atlantic Securities raised Dollar Tree from an “underweight” rating to a “neutral” rating in a research note on Tuesday, April 4th. They noted that the move was a valuation call. Finally, BMO Capital Markets set a $88.00 price objective on Dollar Tree and gave the company a “hold” rating in a research note on Friday, May 26th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $87.57.
In other news, Director Thomas A. Saunders sold 13,660 shares of the stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $68.75, for a total value of $939,125.00. Following the transaction, the director now directly owns 2,390,881 shares of the company’s stock, valued at $164,373,068.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lemuel E. Lewis acquired 1,900 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of $66.70 per share, for a total transaction of $126,730.00. Following the completion of the acquisition, the director now directly owns 16,404 shares of the company’s stock, valued at approximately $1,094,146.80. The disclosure for this purchase can be found here. Insiders bought 10,375 shares of company stock worth $705,819 over the last three months. Corporate insiders own 4.10% of the company’s stock.
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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