LS Investment Advisors LLC decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,337 shares of the company’s stock after selling 1,299 shares during the quarter. LS Investment Advisors LLC’s holdings in Dollar Tree were worth $787,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Macquarie Group Ltd. grew its position in Dollar Tree by 184,411.9% during the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after buying an additional 8,298,537 shares during the period. DSM Capital Partners LLC grew its position in Dollar Tree by 1,443,950.0% during the third quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock valued at $105,314,000 after buying an additional 1,212,918 shares during the period. Mar Vista Investment Partners LLC bought a new position in Dollar Tree during the third quarter valued at about $100,828,000. Russell Investments Group Ltd. grew its position in Dollar Tree by 78.9% during the third quarter. Russell Investments Group Ltd. now owns 1,876,816 shares of the company’s stock valued at $162,931,000 after buying an additional 827,665 shares during the period. Finally, Victory Capital Management Inc. grew its position in Dollar Tree by 2,567.0% during the fourth quarter. Victory Capital Management Inc. now owns 595,569 shares of the company’s stock valued at $63,911,000 after buying an additional 573,238 shares during the period. Hedge funds and other institutional investors own 88.89% of the company’s stock.
Several research firms recently weighed in on DLTR. Loop Capital increased their price target on shares of Dollar Tree from $94.00 to $100.00 and gave the company a “hold” rating in a research report on Monday. They noted that the move was a valuation call. Guggenheim restated a “buy” rating on shares of Dollar Tree in a research report on Wednesday, January 31st. Bank of America increased their price target on shares of Dollar Tree from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Co restated an “outperform” rating and set a $138.00 price target (up previously from $132.00) on shares of Dollar Tree in a research report on Tuesday, January 23rd. Finally, Oppenheimer began coverage on shares of Dollar Tree in a research report on Tuesday, January 16th. They set an “outperform” rating and a $130.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Dollar Tree has a consensus rating of “Buy” and a consensus price target of $106.31.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. research analysts predict that Dollar Tree, Inc. will post 4.88 EPS for the current year.
In related news, Director Thomas A. Saunders sold 33,750 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $106.34, for a total value of $3,588,975.00. Following the sale, the director now directly owns 2,332,294 shares of the company’s stock, valued at $248,016,143.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Bob Sasser sold 64,002 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total transaction of $6,383,559.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,132 shares of company stock worth $14,679,180. Insiders own 4.10% of the company’s stock.
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About Dollar Tree
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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