SG Americas Securities LLC Purchases 22,157 Shares of Dollar Tree, Inc. (DLTR)
SG Americas Securities LLC increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 66.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,703 shares of the company’s stock after buying an additional 22,157 shares during the quarter. SG Americas Securities LLC’s holdings in Dollar Tree were worth $4,543,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in DLTR. Nisa Investment Advisors LLC boosted its holdings in Dollar Tree by 4.3% during the third quarter. Nisa Investment Advisors LLC now owns 67,945 shares of the company’s stock valued at $5,541,000 after purchasing an additional 2,800 shares in the last quarter. Intrepid Capital Management Inc. acquired a new stake in Dollar Tree during the second quarter valued at approximately $327,000. Renaissance Technologies LLC acquired a new stake in Dollar Tree during the second quarter valued at approximately $51,247,000. Horrell Capital Management Inc. boosted its holdings in Dollar Tree by 4.1% during the second quarter. Horrell Capital Management Inc. now owns 30,610 shares of the company’s stock valued at $2,602,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Dollar Tree by 47.7% during the second quarter. Arizona State Retirement System now owns 122,261 shares of the company’s stock valued at $10,392,000 after purchasing an additional 39,486 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.
DLTR stock opened at $84.03 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.24 and a quick ratio of 0.52. Dollar Tree, Inc. has a fifty-two week low of $78.78 and a fifty-two week high of $116.65. The company has a market capitalization of $20.03 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.08 and a beta of 0.62.
In related news, Director Lemuel E. Lewis acquired 1,210 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The stock was purchased at an average price of $82.75 per share, for a total transaction of $100,127.50. Following the transaction, the director now directly owns 20,114 shares of the company’s stock, valued at approximately $1,664,433.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a report on Tuesday, August 14th. OTR Global downgraded Dollar Tree to a “positive” rating in a report on Wednesday, August 22nd. BidaskClub downgraded Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. Atlantic Securities raised Dollar Tree from a “neutral” rating to an “overweight” rating and set a $110.00 target price on the stock in a report on Monday, August 13th. Finally, KeyCorp boosted their target price on Dollar Tree from $108.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $101.28.
Dollar Tree 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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