Dollar Tree, Inc. (DLTR) Shares Bought by Standard Life Investments LTD
Standard Life Investments LTD grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 13.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,085,240 shares of the company’s stock after acquiring an additional 621,164 shares during the period. Dollar Tree accounts for about 1.2% of Standard Life Investments LTD’s investment portfolio, making the stock its 22nd biggest position. Standard Life Investments LTD owned approximately 2.15% of Dollar Tree worth $355,610,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Omega Advisors Inc. acquired a new stake in shares of Dollar Tree during the 1st quarter worth approximately $5,885,000. Prudential Financial Inc. grew its position in shares of Dollar Tree by 8.4% during the 2nd quarter. Prudential Financial Inc. now owns 358,085 shares of the company’s stock worth $25,037,000 after buying an additional 27,672 shares during the period. Achmea Investment Management B.V. acquired a new stake in shares of Dollar Tree during the 1st quarter worth approximately $448,000. Ironwood Investment Management LLC grew its position in shares of Dollar Tree by 41.5% during the 1st quarter. Ironwood Investment Management LLC now owns 4,437 shares of the company’s stock worth $348,000 after buying an additional 1,302 shares during the period. Finally, State Treasurer State of Michigan grew its position in shares of Dollar Tree by 0.4% during the 2nd quarter. State Treasurer State of Michigan now owns 77,810 shares of the company’s stock worth $5,440,000 after buying an additional 300 shares during the period. 90.76% of the stock is owned by institutional investors.
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Shares of Dollar Tree, Inc. (NASDAQ DLTR) traded up 0.95% during mid-day trading on Wednesday, hitting $84.78. 721,861 shares of the stock were exchanged. The stock’s 50 day moving average price is $76.06 and its 200-day moving average price is $75.85. The stock has a market capitalization of $20.08 billion, a P/E ratio of 21.69 and a beta of 0.68. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $91.41.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. Dollar Tree’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. On average, equities research analysts expect that Dollar Tree, Inc. will post $4.66 EPS for the current fiscal year.
In other news, Director Lemuel E. Lewis bought 1,900 shares of the business’s stock in a transaction on Monday, June 26th. The stock was acquired 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 $1,094,146.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lemuel E. Lewis bought 3,475 shares of the business’s stock in a transaction on Friday, June 16th. The stock was purchased at an average cost of $71.45 per share, with a total value of $248,288.75. Following the purchase, the director now owns 12,744 shares of the company’s stock, valued at $910,558.80. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 10,375 shares of company stock valued at $705,819. 2.90% of the stock is owned by insiders.
DLTR has been the subject of several analyst reports. BidaskClub upgraded shares of Dollar Tree from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Loop Capital upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $86.00 in a research report on Wednesday, June 28th. Zacks Investment Research upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. dropped coverage on shares of Dollar Tree in a research report on Saturday, August 26th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $85.00 price target on shares of Dollar Tree in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.04.
Dollar Tree 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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