RiverPark Advisors LLC decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,185 shares of the company’s stock after selling 9,101 shares during the period. Dollar Tree comprises approximately 0.7% of RiverPark Advisors LLC’s holdings, making the stock its 23rd biggest holding. RiverPark Advisors LLC’s holdings in Dollar Tree were worth $4,956,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Exane Derivatives acquired a new position in Dollar Tree during the 4th quarter worth $104,000. Cerebellum GP LLC acquired a new position in Dollar Tree during the 4th quarter worth $127,000. FTB Advisors Inc. grew its holdings in Dollar Tree by 249.2% during the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after acquiring an additional 992 shares in the last quarter. First Personal Financial Services acquired a new position in Dollar Tree during the 4th quarter worth $165,000. Finally, Zions Bancorporation grew its holdings in Dollar Tree by 6,912.9% during the 3rd quarter. Zions Bancorporation now owns 2,174 shares of the company’s stock worth $189,000 after acquiring an additional 2,143 shares in the last quarter. 90.97% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Conrad M. Hall purchased 10,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were bought at an average cost of $91.83 per share, for a total transaction of $918,300.00. Following the transaction, the director now owns 799 shares of the company’s stock, valued at $73,372.17. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is currently owned by insiders.
Dollar Tree, Inc. (DLTR) opened at $92.70 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60. The stock has a market cap of $21,978.84, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.18 and a beta of 0.80. Dollar Tree, Inc. has a one year low of $65.63 and a one year high of $116.65.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, March 7th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). Dollar Tree had a return on equity of 18.68% and a net margin of 7.71%. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. equities research analysts predict that Dollar Tree, Inc. will post 5.65 earnings per share for the current fiscal year.
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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