Guggenheim Capital LLC decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 18.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 562,236 shares of the company’s stock after selling 127,451 shares during the period. Guggenheim Capital LLC owned about 0.24% of Dollar Tree worth $60,333,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Dollar Tree by 1.0% during the 4th quarter. BlackRock Inc. now owns 14,337,696 shares of the company’s stock worth $1,538,577,000 after buying an additional 142,633 shares during the period. Macquarie Group Ltd. increased its stake in Dollar Tree by 184,411.9% during the 3rd quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock worth $720,869,000 after buying an additional 8,298,537 shares during the period. Bank of New York Mellon Corp increased its stake in Dollar Tree by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,857,604 shares of the company’s stock worth $248,098,000 after buying an additional 87,592 shares during the period. Geode Capital Management LLC increased its stake in Dollar Tree by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,578,126 shares of the company’s stock worth $276,096,000 after buying an additional 47,316 shares during the period. Finally, Alkeon Capital Management LLC increased its stake in Dollar Tree by 8.2% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,570,949 shares of the company’s stock worth $223,210,000 after buying an additional 195,000 shares during the period. 90.97% of the stock is currently owned by hedge funds and other institutional investors.
Dollar Tree, Inc. (NASDAQ DLTR) opened at $94.42 on Wednesday. Dollar Tree, Inc. has a fifty-two week low of $65.63 and a fifty-two week high of $116.65. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.60 and a quick ratio of 0.49. The company has a market cap of $22,355.83, a PE ratio of 19.36, a PEG ratio of 1.22 and a beta of 0.80.
Several equities research analysts recently issued reports on DLTR shares. BidaskClub downgraded shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Wells Fargo & Co reissued an “outperform” rating and issued a $138.00 target price (up previously from $132.00) on shares of Dollar Tree in a research report on Tuesday, January 23rd. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research report on Thursday, January 4th. Jefferies Group reissued a “neutral” rating on shares of Dollar Tree in a research report on Wednesday, March 7th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $101.00 target price (down previously from $112.00) on shares of Dollar Tree in a research report on Thursday, March 8th. Twelve research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $106.08.
In other Dollar Tree news, Director Conrad M. Hall purchased 10,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was acquired at an average cost of $91.83 per share, with a total value of $918,300.00. Following the acquisition, the director now owns 799 shares of the company’s stock, valued at approximately $73,372.17. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.90% of the company’s stock.
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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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