SG Americas Securities LLC reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,926 shares of the company’s stock after selling 4,523 shares during the period. SG Americas Securities LLC’s holdings in Dollar Tree were worth $6,841,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in DLTR. Price T Rowe Associates Inc. MD grew its stake in shares of Dollar Tree by 15.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,778,093 shares of the company’s stock valued at $2,231,360,000 after purchasing an additional 2,816,679 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Dollar Tree by 12,911.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,619,679 shares of the company’s stock valued at $173,938,000 after purchasing an additional 1,607,231 shares during the period. Renaissance Technologies LLC grew its stake in shares of Dollar Tree by 16,610.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,454,295 shares of the company’s stock valued at $156,177,000 after purchasing an additional 1,445,592 shares during the period. BlackRock Inc. grew its stake in shares of Dollar Tree by 6.5% in the 2nd quarter. BlackRock Inc. now owns 20,601,534 shares of the company’s stock valued at $2,212,401,000 after purchasing an additional 1,260,064 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Dollar Tree by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 25,251,187 shares of the company’s stock valued at $2,711,724,000 after purchasing an additional 1,124,357 shares during the period. Institutional investors own 94.13% of the company’s stock.
In related news, insider Gary Maxwell sold 2,800 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $107.15, for a total value of $300,020.00. Following the completion of the sale, the insider now directly owns 7,254 shares in the company, valued at approximately $777,266.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Saunders sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $116.20, for a total transaction of $116,200.00. Following the completion of the sale, the director now owns 2,380,145 shares of the company’s stock, valued at $276,572,849. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,519 shares of company stock valued at $9,408,464. Company insiders own 1.40% of the company’s stock.
Several equities research analysts have recently weighed in on DLTR shares. Buckingham Research set a $116.00 price objective on Dollar Tree and gave the company a “buy” rating in a research note on Friday, August 23rd. TheStreet downgraded Dollar Tree from a “b-” rating to a “c+” rating in a report on Wednesday, July 31st. Credit Suisse Group boosted their target price on Dollar Tree from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. ValuEngine downgraded Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 target price on the stock in a report on Monday, September 2nd. Twelve analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Dollar Tree has an average rating of “Buy” and a consensus target price of $110.34.
NASDAQ:DLTR traded down $2.12 during trading hours on Friday, hitting $110.35. 1,297,700 shares of the stock were exchanged, compared to its average volume of 2,117,290. The company’s 50 day moving average is $113.99 and its two-hundred day moving average is $106.69. Dollar Tree, Inc. has a twelve month low of $81.02 and a twelve month high of $119.71. The company has a quick ratio of 0.21, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $26.80 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.74 and a beta of 0.55.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.20). Dollar Tree had a positive return on equity of 19.76% and a negative net margin of 6.77%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the company earned $1.15 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts expect that Dollar Tree, Inc. will post 5.18 EPS for the current year.
Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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