Hexavest Inc. Sells 458,427 Shares of Dollar Tree, Inc. (DLTR)
Hexavest Inc. lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 99.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,249 shares of the company’s stock after selling 458,427 shares during the quarter. Hexavest Inc.’s holdings in Dollar Tree were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Intrepid Capital Management Inc. purchased a new stake in shares of Dollar Tree during the second quarter worth $327,000. Renaissance Technologies LLC purchased a new position in Dollar Tree in the second quarter valued at $51,247,000. Horrell Capital Management Inc. increased its holdings in Dollar Tree by 4.1% in the second quarter. Horrell Capital Management Inc. now owns 30,610 shares of the company’s stock valued at $2,602,000 after buying an additional 1,205 shares during the last quarter. Arizona State Retirement System increased its holdings in Dollar Tree by 47.7% in the second quarter. Arizona State Retirement System now owns 122,261 shares of the company’s stock valued at $10,392,000 after buying an additional 39,486 shares during the last quarter. Finally, grace capital purchased a new position in Dollar Tree in the second quarter valued at $153,000. 92.17% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on the company. Royal Bank of Canada dropped their target price on Dollar Tree from $96.00 to $94.00 and set an “outperform” rating on the stock in a report on Thursday. Cleveland Research reissued a “hold” rating on shares of Dollar Tree in a report on Wednesday, October 3rd. Barclays set a $84.00 target price on Dollar Tree and gave the company a “hold” rating in a report on Thursday, September 27th. Buckingham Research assumed coverage on Dollar Tree in a report on Tuesday, September 25th. They issued a “neutral” rating and a $92.00 target price on the stock. Finally, Credit Suisse Group set a $96.00 target price on Dollar Tree and gave the company a “buy” rating in a report on Wednesday, September 19th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $100.83.
Shares of DLTR stock opened at $81.14 on Friday. The stock has a market cap of $19.40 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.05 and a beta of 0.74. Dollar Tree, Inc. has a 1 year low of $78.78 and a 1 year high of $116.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 2.24.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.01). The firm had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Dollar Tree had a return on equity of 17.63% and a net margin of 7.53%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. Analysts predict that Dollar Tree, Inc. will post 5.5 earnings per share for the current year.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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