Investors bought shares of Dollar Tree, Inc. (NASDAQ:DLTR) on weakness during trading hours on Monday. $66.87 million flowed into the stock on the tick-up and $41.15 million flowed out of the stock on the tick-down, for a money net flow of $25.72 million into the stock. Of all stocks tracked, Dollar Tree had the 24th highest net in-flow for the day. Dollar Tree traded down ($0.61) for the day and closed at $107.96
A number of analysts have recently issued reports on the stock. OTR Global assumed coverage on shares of Dollar Tree in a report on Tuesday. They set a “positive” rating for the company. Guggenheim reaffirmed a “buy” rating on shares of Dollar Tree in a report on Wednesday, January 31st. Loop Capital lifted their price objective on shares of Dollar Tree from $94.00 to $100.00 and gave the stock a “hold” rating in a report on Monday, February 12th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, MKM Partners lifted their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, November 22nd. Eleven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Dollar Tree presently has an average rating of “Buy” and an average target price of $106.31.
The firm has a market capitalization of $25,320.00, a PE ratio of 25.43, a PEG ratio of 1.40 and a beta of 0.71. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91.
In other Dollar Tree news, insider Joshua R. Jewett sold 3,570 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $99.00, for a total value of $353,430.00. Following the transaction, the insider now owns 6,976 shares in the company, valued at $690,624. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas A. Saunders sold 33,750 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the completion of the transaction, the director now owns 2,332,294 shares in the company, valued at approximately $248,016,143.96. The disclosure for this sale can be found here. Insiders sold 133,940 shares of company stock worth $13,761,818 in the last 90 days. Corporate insiders own 2.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Korea Investment CORP increased its position in shares of Dollar Tree by 170.4% in the third quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock valued at $4,904,000 after acquiring an additional 35,600 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Dollar Tree by 4.3% during the third quarter. Asset Management One Co. Ltd. now owns 379,137 shares of the company’s stock valued at $32,896,000 after buying an additional 15,542 shares during the period. Wright Investors Service Inc. purchased a new position in shares of Dollar Tree during the third quarter valued at about $501,000. British Airways Pensions Investment Management Ltd purchased a new position in shares of Dollar Tree during the third quarter valued at about $34,022,000. Finally, Swiss National Bank increased its position in shares of Dollar Tree by 1.0% during the third quarter. Swiss National Bank now owns 871,247 shares of the company’s stock valued at $75,642,000 after buying an additional 8,800 shares during the period. Hedge funds and other institutional investors own 91.50% of the company’s stock.
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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