Oxford Asset Management Lowers Stake in Dollar Tree, Inc. (DLTR)

Oxford Asset Management lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 61.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,644 shares of the company’s stock after selling 81,169 shares during the period. Oxford Asset Management’s holdings in Dollar Tree were worth $3,974,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BOKF NA increased its position in Dollar Tree by 45.1% in the third quarter. BOKF NA now owns 5,339 shares of the company’s stock worth $421,000 after buying an additional 1,660 shares during the period. Crestwood Capital Management L.P. increased its position in Dollar Tree by 120.0% in the third quarter. Crestwood Capital Management L.P. now owns 116,600 shares of the company’s stock worth $9,203,000 after buying an additional 63,600 shares during the period. TimesSquare Capital Management LLC increased its position in Dollar Tree by 9.4% in the third quarter. TimesSquare Capital Management LLC now owns 1,655,175 shares of the company’s stock worth $130,643,000 after buying an additional 142,775 shares during the period. Airain ltd purchased a new position in Dollar Tree during the third quarter worth $10,856,000. Finally, Montag & Caldwell LLC increased its stake in Dollar Tree by 22.8% in the third quarter. Montag & Caldwell LLC now owns 2,458,967 shares of the company’s stock valued at $194,086,000 after buying an additional 456,452 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

Dollar Tree, Inc. (NASDAQ DLTR) traded down 3.66% on Friday, reaching $70.07. The company had a trading volume of 11,305,365 shares. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $99.93. The company’s 50-day moving average price is $78.89 and its 200 day moving average price is $78.83. The firm has a market capitalization of $16.58 billion, a P/E ratio of 19.20 and a beta of 0.67.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter in the prior year, the company earned $0.89 EPS. Dollar Tree’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that Dollar Tree, Inc. will post $4.47 EPS for the current year.

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Several research firms recently weighed in on DLTR. Credit Suisse Group set a $73.00 price target on Dollar Tree and gave the stock a “sell” rating in a research note on Thursday, March 2nd. MKM Partners restated a “neutral” rating and issued a $84.00 price target on shares of Dollar Tree in a research note on Tuesday, February 28th. Royal Bank of Canada set a $95.00 price objective on Dollar Tree and gave the company a “buy” rating in a research report on Monday, April 3rd. Citigroup Inc. reaffirmed a “neutral” rating and issued a $86.00 price objective (up from $85.00) on shares of Dollar Tree in a research report on Sunday, June 11th. Finally, Atlantic Securities raised Dollar Tree from an “underweight” rating to a “neutral” rating in a research report on Tuesday, April 4th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. Dollar Tree currently has a consensus rating of “Hold” and an average target price of $86.68.

In other news, insider Robert H. Rudman sold 2,559 shares of the company’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $78.34, for a total value of $200,472.06. Following the transaction, the insider now directly owns 4,893 shares in the company, valued at approximately $383,317.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert H. Rudman sold 6,731 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $78.22, for a total transaction of $526,498.82. The disclosure for this sale can be found here. In the last three months, insiders sold 55,284 shares of company stock valued at $4,349,237. Corporate insiders own 4.10% of the company’s stock.

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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