CI Global Investments Inc. reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 67.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,449 shares of the company’s stock after selling 941,921 shares during the period. Dollar Tree accounts for about 0.8% of CI Global Investments Inc.’s investment portfolio, making the stock its 28th largest holding. CI Global Investments Inc. owned about 0.19% of Dollar Tree worth $39,803,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of DLTR. BlueMountain Capital Management LLC lifted its position in Dollar Tree by 119.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after acquiring an additional 825 shares during the period. Sun Life Financial INC increased its stake in Dollar Tree by 17,100.0% during the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after purchasing an additional 1,710 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in Dollar Tree by 2.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after purchasing an additional 36 shares in the last quarter. Advisory Services Network LLC increased its stake in Dollar Tree by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after purchasing an additional 12 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in Dollar Tree during the 3rd quarter valued at about $150,000. 90.68% of the stock is owned by institutional investors.
In other Dollar Tree news, Chairman Macon F. Brock, Jr. sold 63,000 shares of Dollar Tree stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $91.04, for a total transaction of $5,735,520.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the transaction, the insider now directly owns 34,532 shares in the company, valued at approximately $2,917,954. The disclosure for this sale can be found here. Insiders have sold 251,449 shares of company stock worth $22,808,837 in the last ninety days. Insiders own 2.90% of the company’s stock.
A number of analysts have weighed in on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Dollar Tree in a research note on Tuesday. They set a “buy” rating and a $106.00 price objective for the company. UBS AG raised their price objective on shares of Dollar Tree from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday. BTIG Research restated a “buy” rating and set a $98.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 23rd. Loop Capital restated a “buy” rating and set a $86.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. Finally, Sanford C. Bernstein upgraded shares of Dollar Tree from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $93.00.
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Shares of Dollar Tree, Inc. (DLTR) traded down $1.37 during trading hours on Tuesday, reaching $93.69. 1,738,400 shares of the company’s stock traded hands, compared to its average volume of 2,731,102. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.83 and a quick ratio of 0.43. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $95.64. The stock has a market capitalization of $22,514.46, a P/E ratio of 22.80, a P/E/G ratio of 1.55 and a beta of 0.59.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. research analysts expect that Dollar Tree, Inc. will post 4.66 EPS for the current year.
Dollar Tree 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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