BNP Paribas Arbitrage SA raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 86.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,837 shares of the company’s stock after purchasing an additional 50,955 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Dollar Tree were worth $9,536,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Prudential Financial Inc. lifted its stake in Dollar Tree by 8.4% during the 2nd quarter. Prudential Financial Inc. now owns 358,085 shares of the company’s stock valued at $25,037,000 after acquiring an additional 27,672 shares during the period. Rockshelter Capital Management LLC bought a new position in Dollar Tree during the 2nd quarter valued at about $5,850,000. State Treasurer State of Michigan lifted its stake in Dollar Tree by 0.4% during the 2nd quarter. State Treasurer State of Michigan now owns 77,810 shares of the company’s stock valued at $5,440,000 after acquiring an additional 300 shares during the period. South Dakota Investment Council bought a new position in Dollar Tree during the 2nd quarter valued at about $804,000. Finally, Shell Asset Management Co. lifted its stake in Dollar Tree by 368.4% during the 3rd quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock valued at $4,057,000 after acquiring an additional 56,906 shares during the period. 90.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dollar Tree, Inc. (DLTR) opened at $93.09 on Thursday. The company has a quick ratio of 0.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $22,050.00, a PE ratio of 22.41, a P/E/G ratio of 1.52 and a beta of 0.59. Dollar Tree, Inc. has a fifty-two week low of $65.63 and a fifty-two week high of $95.64.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. research analysts anticipate that Dollar Tree, Inc. will post 4.67 EPS for the current fiscal year.
DLTR has been the subject of several analyst reports. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Monday, August 28th. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price objective for the company. in a report on Friday, October 13th. Buckingham Research reaffirmed a “buy” rating and set a $87.00 price objective on shares of Dollar Tree in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) began coverage on shares of Dollar Tree in a report on Tuesday. They set a “buy” rating and a $106.00 price objective for the company. Finally, Bank of America Corporation began coverage on shares of Dollar Tree in a report on Friday, August 25th. They issued a “buy” rating and a $91.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Dollar Tree presently has an average rating of “Buy” and a consensus price target of $93.00.
In other Dollar Tree news, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $91.50, for a total value of $136,060.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of Dollar Tree stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total value of $13,669,500.00. Following the completion of the transaction, the chairman now owns 1,128,795 shares in the company, valued at approximately $102,867,088.35. The disclosure for this sale can be found here. Insiders sold 251,449 shares of company stock valued at $22,808,837 over the last 90 days. 4.10% of the stock is currently owned by corporate insiders.
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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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