Evermay Wealth Management LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,290 shares of the company’s stock, valued at approximately $460,000.
A number of other large investors have also bought and sold shares of the business. Macquarie Group Ltd. grew its position in shares of Dollar Tree by 184,411.9% during the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after purchasing an additional 8,298,537 shares in the last quarter. DSM Capital Partners LLC grew its position in shares of Dollar Tree by 1,443,950.0% during the third quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock valued at $105,314,000 after purchasing an additional 1,212,918 shares in the last quarter. Mar Vista Investment Partners LLC purchased a new position in shares of Dollar Tree during the third quarter valued at about $100,828,000. Russell Investments Group Ltd. grew its position in shares of Dollar Tree by 78.9% during the third quarter. Russell Investments Group Ltd. now owns 1,876,816 shares of the company’s stock valued at $162,931,000 after purchasing an additional 827,665 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Dollar Tree by 2,567.0% during the fourth quarter. Victory Capital Management Inc. now owns 595,569 shares of the company’s stock valued at $63,911,000 after purchasing an additional 573,238 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.
Dollar Tree, Inc. (DLTR) opened at $107.62 on Monday. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $116.65. The stock has a market capitalization of $25,516.33, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 1.40 and a beta of 0.71. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts forecast that Dollar Tree, Inc. will post 4.88 EPS for the current fiscal year.
In other Dollar Tree news, insider Joshua R. Jewett sold 3,570 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $99.00, for a total transaction of $353,430.00. Following the completion of the transaction, the insider now owns 6,976 shares in the company, valued at $690,624. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Bob Sasser sold 64,002 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total value of $6,383,559.48. The disclosure for this sale can be found here. Insiders have sold 143,132 shares of company stock valued at $14,679,180 in the last 90 days. Company insiders own 2.90% of the company’s stock.
A number of brokerages have recently weighed in on DLTR. Zacks Investment Research lowered Dollar Tree from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Moffett Nathanson began coverage on Dollar Tree in a research report on Monday, December 4th. They set a “buy” rating for the company. Bank of America raised their price objective on Dollar Tree from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, November 21st. MKM Partners set a $96.00 price objective on Dollar Tree and gave the company a “hold” rating in a research report on Monday, November 20th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $118.00 price objective on shares of Dollar Tree in a research report on Friday, November 3rd. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Dollar Tree presently has a consensus rating of “Buy” and a consensus target price of $105.85.
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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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