Gulf International Bank UK Ltd lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 15.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,767 shares of the company’s stock after buying an additional 11,000 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Dollar Tree were worth $6,831,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DnB Asset Management AS raised its position in shares of Dollar Tree by 6.5% during the second quarter. DnB Asset Management AS now owns 28,055 shares of the company’s stock worth $2,385,000 after acquiring an additional 1,700 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Dollar Tree by 45.4% during the second quarter. IFM Investors Pty Ltd now owns 10,730 shares of the company’s stock worth $912,000 after acquiring an additional 3,349 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Dollar Tree by 38.3% during the second quarter. State of Alaska Department of Revenue now owns 46,693 shares of the company’s stock worth $3,967,000 after acquiring an additional 12,935 shares during the last quarter. Atria Investments LLC bought a new stake in shares of Dollar Tree during the second quarter worth $682,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Dollar Tree during the second quarter worth $460,000. Institutional investors own 91.23% of the company’s stock.
In other Dollar Tree news, Director Lemuel E. Lewis purchased 1,210 shares of the stock in a transaction on Thursday, September 27th. The stock was bought at an average cost of $82.75 per share, for a total transaction of $100,127.50. Following the completion of the acquisition, the director now directly owns 20,114 shares of the company’s stock, valued at $1,664,433.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.
A number of equities research analysts have recently weighed in on DLTR shares. UBS Group dropped their target price on Dollar Tree from $113.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, August 31st. Deutsche Bank dropped their target price on Dollar Tree from $112.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, August 31st. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research report on Tuesday, August 14th. Credit Suisse Group upgraded Dollar Tree to a “buy” rating and set a $96.00 target price for the company in a research report on Thursday, August 30th. Finally, BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $101.47.
NASDAQ DLTR opened at $86.38 on Friday. The stock has a market capitalization of $20.57 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.11 and a beta of 0.62. The company has a quick ratio of 0.52, a current ratio of 2.24 and a debt-to-equity ratio of 0.66. Dollar Tree, Inc. has a 12 month low of $78.78 and a 12 month high of $116.65.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 30th. The company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.01). The company had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $5.54 billion. Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 EPS. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.5 EPS for the current year.
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Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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