Dollar Tree, Inc. (DLTR) Stake Maintained by Citizens Financial Group Inc RI
Citizens Financial Group Inc RI held its position in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,584 shares of the company’s stock at the end of the second quarter. Citizens Financial Group Inc RI’s holdings in Dollar Tree were worth $110,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in DLTR. Citizens Financial Group Inc. RI increased its position 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 purchasing an additional 48 shares during the period. FNY Managed Accounts LLC acquired a new stake in Dollar Tree in the first quarter worth about $124,000. Independent Portfolio Consultants Inc. increased its position in Dollar Tree by 18.1% in 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. Global X Management Co. LLC increased its position in Dollar Tree by 29.6% in the first quarter. Global X Management Co. LLC now owns 2,157 shares of the company’s stock worth $169,000 after purchasing an additional 493 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Dollar Tree in the second quarter worth about $156,000. 90.76% of the stock is owned by institutional investors and hedge funds.
In other news, Director Lemuel E. Lewis acquired 1,900 shares of Dollar Tree stock in a transaction on Monday, June 26th. The stock was purchased 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 owns 16,404 shares of the company’s stock, valued at approximately $1,094,146.80. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gary M. Philbin sold 2,795 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total value of $236,177.50. Following the completion of the sale, the insider now directly owns 34,532 shares of the company’s stock, valued at approximately $2,917,954. The disclosure for this sale can be found here. Insiders sold 23,899 shares of company stock valued at $1,687,375 in the last three months. Insiders own 4.10% of the company’s stock.
A number of analysts recently commented on the company. Raymond James Financial, Inc. dropped coverage on Dollar Tree in a research report on Saturday, August 26th. Loop Capital reiterated a “buy” rating and issued a $88.00 price objective (up from $86.00) on shares of Dollar Tree in a research report on Saturday, August 26th. Sanford C. Bernstein upgraded Dollar Tree from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $65.00 to $78.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Monday, August 28th. Finally, BTIG Research reiterated a “buy” rating and issued a $98.00 price objective on shares of Dollar Tree in a research report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $88.04.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) opened at 83.48 on Friday. The company has a market cap of $19.77 billion, a PE ratio of 21.36 and a beta of 0.68. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $91.41. The firm has a 50-day moving average price of $77.23 and a 200 day moving average price of $76.00.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same quarter last year, the firm posted $0.72 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Dollar Tree, Inc. will post $4.66 earnings per share for the current year.
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About Dollar Tree
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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