Traders Sell Shares of Dollar Tree, Inc. (DLTR) on Strength (DLTR)
Traders sold shares of Dollar Tree, Inc. (NASDAQ:DLTR) on strength during trading hours on Monday. $25.70 million flowed into the stock on the tick-up and $71.99 million flowed out of the stock on the tick-down, for a money net flow of $46.29 million out of the stock. Of all stocks tracked, Dollar Tree had the 0th highest net out-flow for the day. Dollar Tree traded up $1.42 for the day and closed at $81.06
A number of brokerages recently weighed in on DLTR. Gordon Haskett began coverage on shares of Dollar Tree in a research note on Tuesday, May 9th. They issued a “buy” rating and a $98.00 price target on the stock. Raymond James Financial, Inc. dropped coverage on shares of Dollar Tree in a research note on Saturday, August 26th. Loop Capital reaffirmed a “buy” rating and issued a $88.00 price target (up from $86.00) on shares of Dollar Tree in a research note on Saturday, August 26th. Sanford C. Bernstein raised shares of Dollar Tree from an “underperform” rating to a “market perform” rating and raised their price target for the company from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $88.04.
The company has a market capitalization of $19.54 billion, a PE ratio of 21.10 and a beta of 0.68. The firm’s 50 day moving average is $74.60 and its 200-day moving average is $75.70.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. Dollar Tree’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. Analysts expect that Dollar Tree, Inc. will post $4.66 earnings per share for the current fiscal year.
In related news, Director Lemuel E. Lewis purchased 1,900 shares of the business’s stock in a transaction on Monday, June 26th. The shares were bought at an average price of $66.70 per share, with a total value of $126,730.00. Following the completion of the purchase, the director now directly owns 16,404 shares in the company, valued at approximately $1,094,146.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas A. Saunders sold 13,660 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $68.75, for a total transaction of $939,125.00. Following the transaction, the director now directly owns 2,390,881 shares in the company, valued at approximately $164,373,068.75. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 10,375 shares of company stock worth $705,819. 2.90% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. BlueMountain Capital Management LLC raised its stake in Dollar Tree by 119.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after purchasing an additional 825 shares during the period. Sun Life Financial INC raised its stake in Dollar Tree by 17,100.0% during the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after purchasing an additional 1,710 shares during the period. FNY Managed Accounts LLC purchased a new position in Dollar Tree during the first quarter worth approximately $124,000. Citizens Financial Group Inc. RI raised its stake in Dollar Tree by 3.1% during the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after purchasing an additional 48 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its stake in Dollar Tree by 18.1% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after purchasing an additional 285 shares during the period. 90.76% of the stock is currently owned by institutional investors.
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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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