Investors Buy Shares of Dollar Tree (DLTR) on Weakness Following Insider Selling
Traders purchased shares of Dollar Tree, Inc. (NASDAQ:DLTR) on weakness during trading on Thursday after an insider sold shares in the company. $107.74 million flowed into the stock on the tick-up and $62.63 million flowed out of the stock on the tick-down, for a money net flow of $45.11 million into the stock. Of all companies tracked, Dollar Tree had the 31st highest net in-flow for the day. Dollar Tree traded down ($1.38) for the day and closed at $102.76Specifically, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the transaction, the insider now owns 34,532 shares in the company, valued at approximately $2,917,954. The disclosure for this sale can be found here. Insiders have sold a total of 343,747 shares of company stock worth $32,079,782 in the last quarter. Corporate insiders own 2.90% of the company’s stock.
Several analysts have commented on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $90.00 price target on shares of Dollar Tree in a research note on Thursday, November 2nd. MKM Partners boosted their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 22nd. Royal Bank Of Canada set a $92.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, KeyCorp restated a “buy” rating and issued a $98.00 target price on shares of Dollar Tree in a report on Friday, November 10th. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $99.92.
The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $23,932.52, a P/E ratio of 23.10, a P/E/G ratio of 1.59 and a beta of 0.59.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the prior year, the firm earned $0.72 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. research analysts forecast that Dollar Tree, Inc. will post 4.84 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. lifted its position in Dollar Tree by 184,411.9% during the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after acquiring an additional 8,298,537 shares during the last quarter. FMR LLC increased its stake in Dollar Tree by 49.4% during the 2nd quarter. FMR LLC now owns 17,309,462 shares of the company’s stock valued at $1,210,277,000 after purchasing an additional 5,724,495 shares in the last quarter. Maverick Capital Ltd. increased its stake in Dollar Tree by 86.7% during the 2nd quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock valued at $568,842,000 after purchasing an additional 3,777,579 shares in the last quarter. BlackRock Inc. increased its stake in Dollar Tree by 10.3% during the 2nd quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock valued at $1,112,013,000 after purchasing an additional 1,479,936 shares in the last quarter. Finally, DSM Capital Partners LLC increased its stake in Dollar Tree by 1,443,950.0% during the 3rd quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock valued at $105,314,000 after purchasing an additional 1,212,918 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other 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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