Virtus Fund Advisers LLC bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, HoldingsChannel.com reports. The firm bought 34,648 shares of the company’s stock, valued at approximately $3,718,000.
Several other hedge funds also recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Dollar Tree by 1.0% in the 4th quarter. BlackRock Inc. now owns 14,337,696 shares of the company’s stock valued at $1,538,577,000 after purchasing an additional 142,633 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Dollar Tree by 184,411.9% in the 3rd 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 during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Dollar Tree by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,857,604 shares of the company’s stock valued at $248,098,000 after purchasing an additional 87,592 shares during the last quarter. Alkeon Capital Management LLC grew its stake in shares of Dollar Tree by 8.2% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,570,949 shares of the company’s stock valued at $223,210,000 after purchasing an additional 195,000 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Dollar Tree by 2.4% in the 3rd quarter. Nordea Investment Management AB now owns 2,134,383 shares of the company’s stock valued at $185,307,000 after purchasing an additional 49,082 shares during the last quarter. Institutional investors own 91.50% of the company’s stock.
Several research analysts have weighed in on DLTR shares. BidaskClub downgraded Dollar Tree from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Wells Fargo & Co reiterated an “outperform” rating and issued a $138.00 target price (up from $132.00) on shares of Dollar Tree in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research note on Thursday, January 4th. Royal Bank of Canada set a $92.00 target price on Dollar Tree and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Goldman Sachs Group started coverage on Dollar Tree in a research note on Tuesday, November 14th. They issued a “buy” rating and a $106.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. Dollar Tree has an average rating of “Buy” and a consensus target price of $106.31.
In related news, CFO Kevin S. Wampler sold 12,559 shares of Dollar Tree stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $103.89, for a total transaction of $1,304,754.51. Following the completion of the transaction, the chief financial officer now directly owns 77,164 shares of the company’s stock, valued at $8,016,567.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joshua R. Jewett sold 3,570 shares of Dollar Tree stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $99.00, for a total value of $353,430.00. Following the transaction, the insider now directly owns 6,976 shares of the company’s stock, valued at $690,624. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,940 shares of company stock valued at $13,761,818. 4.10% of the stock is currently owned by insiders.
Dollar Tree, Inc. (NASDAQ:DLTR) opened at $107.00 on Friday. The stock has a market capitalization of $25,058.73, a price-to-earnings ratio of 25.48, a P/E/G ratio of 1.25 and a beta of 0.71. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $116.65. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. Dollar Tree’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. analysts predict that Dollar Tree, Inc. will post 4.89 EPS for the current 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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