Comerica Bank Sells 1,320 Shares of Dollar Tree, Inc. (DLTR)
Comerica Bank decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,484 shares of the company’s stock after selling 1,320 shares during the period. Comerica Bank’s holdings in Dollar Tree were worth $10,560,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. BlueMountain Capital Management LLC boosted its holdings 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 buying an additional 825 shares during the last quarter. Sun Life Financial INC boosted its holdings 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 buying an additional 1,710 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in Dollar Tree by 2.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after buying an additional 36 shares during the last quarter. Advisory Services Network LLC boosted its holdings in Dollar Tree by 0.6% during the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after buying an additional 12 shares during the last quarter. Finally, Integrated Investment Consultants LLC bought a new position in Dollar Tree during the third quarter worth about $150,000. Institutional investors and hedge funds own 90.68% of the company’s stock.
In other news, Chairman Macon F. Brock, Jr. sold 150,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the completion of the transaction, the chairman now owns 1,128,795 shares of the company’s stock, valued at approximately $102,867,088.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas A. Saunders sold 18,621 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $91.11, for a total value of $1,696,559.31. The disclosure for this sale can be found here. Insiders have sold a total of 251,449 shares of company stock valued at $22,808,837 in the last three months. 4.10% of the stock is owned by insiders.
A number of equities research analysts have recently commented on the company. UBS AG reaffirmed a “buy” rating and set a $106.00 price target (up previously from $100.00) on shares of Dollar Tree in a research report on Tuesday. The Goldman Sachs Group, Inc. assumed coverage on Dollar Tree in a research report on Tuesday. They set a “buy” rating and a $106.00 price target on the stock. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. KeyCorp reaffirmed a “buy” rating and set a $98.00 price target on shares of Dollar Tree in a research report on Friday, November 10th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $90.00 price target on shares of Dollar Tree in a research report on Thursday, November 2nd. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $93.00.
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Shares of Dollar Tree, Inc. (NASDAQ:DLTR) traded up $0.43 during midday trading on Friday, reaching $95.06. The company’s stock had a trading volume of 258,638 shares, compared to its average volume of 2,722,076. The firm has a market cap of $22,047.87, a PE ratio of 22.32, a PEG ratio of 1.51 and a beta of 0.59. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.83 and a quick ratio of 0.43. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $95.64.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS. equities research analysts expect that Dollar Tree, Inc. will post 4.66 earnings per share for the current fiscal year.
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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