TIAA CREF Investment Management LLC grew its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 89.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,051,571 shares of the company’s stock after buying an additional 495,497 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.44% of Dollar Tree worth $73,526,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Dollar Tree by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 21,667,705 shares of the company’s stock worth $1,700,048,000 after buying an additional 688,409 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Dollar Tree by 1,996.3% during the 1st quarter. BlackRock Inc. now owns 14,424,151 shares of the company’s stock worth $1,131,717,000 after buying an additional 13,736,060 shares in the last quarter. FMR LLC boosted its holdings in shares of Dollar Tree by 2.2% during the 1st quarter. FMR LLC now owns 11,584,967 shares of the company’s stock worth $908,957,000 after buying an additional 250,483 shares in the last quarter. State Street Corp boosted its holdings in shares of Dollar Tree by 2.5% during the 1st quarter. State Street Corp now owns 9,886,212 shares of the company’s stock worth $775,667,000 after buying an additional 239,221 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Dollar Tree by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 4,981,951 shares of the company’s stock worth $390,884,000 after buying an additional 16,823 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.
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In other Dollar Tree news, Director Conrad M. Hall purchased 5,000 shares of the stock in a transaction dated Monday, July 10th. The shares were purchased at an average cost of $66.16 per share, with a total value of $330,800.00. Following the completion of the acquisition, the director now directly owns 63,299 shares in the company, valued at approximately $4,187,861.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gary M. Philbin sold 9,950 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total value of $841,173.00. Following the transaction, the insider now directly owns 34,532 shares in the company, valued at $2,919,335.28. The disclosure for this sale can be found here. Insiders sold 33,849 shares of company stock worth $2,528,548 over the last three months. Corporate insiders own 2.90% of the company’s stock.
A number of research firms have issued reports on DLTR. Zacks Investment Research cut Dollar Tree from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Sanford C. Bernstein upgraded Dollar Tree from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $65.00 to $78.00 in a report on Monday, August 28th. They noted that the move was a valuation call. Loop Capital restated a “buy” rating and set a $88.00 price target (up from $86.00) on shares of Dollar Tree in a report on Saturday, August 26th. Raymond James Financial, Inc. dropped coverage on Dollar Tree in a report on Saturday, August 26th. Finally, BMO Capital Markets set a $90.00 price target on Dollar Tree and gave the stock a “market perform” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. Dollar Tree has a consensus rating of “Hold” and an average price target of $88.04.
Shares of Dollar Tree, Inc. (DLTR) opened at 83.48 on Monday. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $91.41. The stock has a market capitalization of $19.77 billion, a price-to-earnings ratio of 21.36 and a beta of 0.68. The stock’s 50 day moving average price is $77.55 and its 200 day moving average price is $76.03.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts expect that Dollar Tree, Inc. will post $4.66 EPS for the current year.
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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