Rothschild Investment Corp IL Reduces Position in Dollar Tree, Inc. (DLTR)
Rothschild Investment Corp IL lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 88.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,234 shares of the company’s stock after selling 25,505 shares during the quarter. Rothschild Investment Corp IL’s holdings in Dollar Tree were worth $340,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of DLTR. BlackRock Inc. increased its position in Dollar Tree by 26.0% during the 4th quarter. BlackRock Inc. now owns 18,317,336 shares of the company’s stock valued at $1,654,421,000 after purchasing an additional 3,781,225 shares during the period. Norges Bank acquired a new stake in Dollar Tree during the 4th quarter valued at approximately $274,937,000. Oregon Public Employees Retirement Fund increased its position in Dollar Tree by 8,821.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock valued at $26,000 after purchasing an additional 2,301,814 shares during the period. Macquarie Group Ltd. increased its position in Dollar Tree by 15.4% during the 4th quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock valued at $881,404,000 after purchasing an additional 1,303,200 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Dollar Tree by 50.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,330,523 shares of the company’s stock valued at $300,813,000 after purchasing an additional 1,120,760 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.
In other news, Director Lemuel E. Lewis acquired 1,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $99.98 per share, for a total transaction of $99,980.00. Following the purchase, the director now owns 21,114 shares of the company’s stock, valued at approximately $2,110,977.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert H. Rudman sold 5,110 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $104.43, for a total value of $533,637.30. The disclosure for this sale can be found here. Insiders sold a total of 33,947 shares of company stock worth $3,480,102 over the last 90 days. 1.50% of the stock is currently owned by company insiders.
Shares of Dollar Tree stock opened at $108.67 on Friday. Dollar Tree, Inc. has a 52-week low of $78.78 and a 52-week high of $109.05. The stock has a market capitalization of $25.89 billion, a P/E ratio of 19.94, a PEG ratio of 2.08 and a beta of 0.43. The company has a current ratio of 2.05, a quick ratio of 0.36 and a debt-to-equity ratio of 0.76.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.01. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The business had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same period in the previous year, the business posted $1.89 EPS. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 5.23 EPS for the current year.
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Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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