Zions Bancorporation boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 6,912.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,174 shares of the company’s stock after buying an additional 2,143 shares during the quarter. Zions Bancorporation’s holdings in Dollar Tree were worth $189,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Advisory Services Network LLC raised its position in Dollar Tree by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after buying an additional 12 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in Dollar Tree by 2.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after buying an additional 36 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Dollar Tree by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,584 shares of the company’s stock worth $1,229,000 after buying an additional 73 shares during the last quarter. Atlantic Trust LLC raised its position in Dollar Tree by 2.9% during the 2nd quarter. Atlantic Trust LLC now owns 5,425 shares of the company’s stock worth $379,000 after buying an additional 155 shares during the last quarter. Finally, Cadence Capital Management LLC raised its position in Dollar Tree by 1.4% during the 2nd quarter. Cadence Capital Management LLC now owns 11,639 shares of the company’s stock worth $814,000 after buying an additional 166 shares during the last quarter. 89.80% of the stock is owned by institutional investors.
In related news, Director Thomas A. Saunders sold 12,440 shares of Dollar Tree stock in a transaction on Friday, December 8th. The shares were sold at an average price of $108.15, for a total value of $1,345,386.00. Following the sale, the director now owns 2,326,702 shares of the company’s stock, valued at approximately $251,632,821.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The disclosure for this sale can be found here. Insiders sold a total of 381,836 shares of company stock worth $36,410,667 in the last three months. 2.90% of the stock is owned by corporate insiders.
A number of equities analysts have issued reports on DLTR shares. Loop Capital reissued a “buy” rating and set a $88.00 price target (up from $86.00) on shares of Dollar Tree in a research report on Saturday, August 26th. Raymond James Financial dropped coverage on shares of Dollar Tree in a report on Saturday, August 26th. Buckingham Research lifted their target price on shares of Dollar Tree from $87.00 to $93.00 and gave the company a “buy” rating in a report on Friday, August 25th. Bank of America began coverage on shares of Dollar Tree in a report on Friday, August 25th. They set a “buy” rating and a $91.00 target price for the company. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $98.00 target price (up from $95.00) on shares of Dollar Tree in a report on Thursday, August 24th. Eleven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Dollar Tree has an average rating of “Buy” and a consensus target price of $101.13.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at $106.22 on Wednesday. Dollar Tree, Inc. has a one year low of $65.63 and a one year high of $109.00. The stock has a market cap of $25,765.28, a price-to-earnings ratio of 24.87, a P/E/G ratio of 1.70 and a beta of 0.64. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities analysts expect that Dollar Tree, Inc. will post 4.85 earnings per share for the current fiscal year.
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About Dollar Tree
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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