Franklin Resources Inc. trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 599,592 shares of the company’s stock after selling 400 shares during the quarter. Franklin Resources Inc. owned 0.25% of Dollar Tree worth $41,924,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in DLTR. FNY Managed Accounts LLC bought a new stake in shares of Dollar Tree during the first quarter worth $124,000. Citizens Financial Group Inc. RI grew its stake in shares of Dollar Tree by 3.1% during the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares during the last quarter. Independent Portfolio Consultants Inc. grew its stake in shares of Dollar Tree by 18.1% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after buying an additional 285 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Dollar Tree during the second quarter worth $156,000. Finally, Global X Management Co. LLC grew its stake in shares of Dollar Tree by 29.6% during the first quarter. Global X Management Co. LLC now owns 2,157 shares of the company’s stock worth $169,000 after buying an additional 493 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.
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A number of analysts have weighed in on DLTR shares. BTIG Research reaffirmed a “buy” rating and set a $98.00 target price on shares of Dollar Tree in a research note on Monday, May 22nd. Deutsche Bank AG boosted their target price on shares of Dollar Tree from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. BMO Capital Markets set a $88.00 target price on shares of Dollar Tree and gave the stock a “hold” rating in a research note on Friday, May 26th. Bank of America Corporation reaffirmed a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Dollar Tree in a research note on Sunday, May 28th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $86.00 target price (up previously from $85.00) on shares of Dollar Tree in a research note on Sunday, June 11th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $88.04.
In other news, Director Conrad M. Hall purchased 5,000 shares of the business’s stock in a transaction on Monday, July 10th. The shares were acquired at an average price of $66.16 per share, with a total value of $330,800.00. Following the acquisition, the director now directly owns 63,299 shares in the company, valued at $4,187,861.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary M. Philbin sold 9,950 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total transaction of $841,173.00. Following the completion of the sale, the insider now directly owns 34,532 shares in the company, valued at approximately $2,919,335.28. The disclosure for this sale can be found here. In the last three months, insiders sold 33,849 shares of company stock worth $2,528,548. Insiders own 4.10% of the company’s stock.
Dollar Tree, Inc. (DLTR) opened at 83.48 on Friday. The company has a 50-day moving average of $77.55 and a 200 day moving average of $76.03. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $91.41. The firm has a market cap of $19.77 billion, a price-to-earnings ratio of 21.36 and a beta of 0.68.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. Equities analysts expect that Dollar Tree, Inc. will post $4.66 EPS for the current fiscal year.
Dollar Tree Company 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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