American International Group Inc. increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,090 shares of the company’s stock after buying an additional 7,211 shares during the period. American International Group Inc.’s holdings in Dollar Tree were worth $12,028,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Korea Investment CORP lifted its position in Dollar Tree by 170.4% during the 3rd quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock worth $4,904,000 after buying an additional 35,600 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Dollar Tree by 4.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 379,137 shares of the company’s stock valued at $32,896,000 after purchasing an additional 15,542 shares during the period. Wright Investors Service Inc. acquired a new position in Dollar Tree during the 3rd quarter valued at about $501,000. British Airways Pensions Investment Management Ltd acquired a new position in Dollar Tree during the 3rd quarter valued at about $34,022,000. Finally, Swiss National Bank lifted its position in Dollar Tree by 1.0% during the 3rd quarter. Swiss National Bank now owns 871,247 shares of the company’s stock valued at $75,642,000 after purchasing an additional 8,800 shares during the period. Institutional investors and hedge funds own 91.50% of the company’s stock.
In related news, Director Thomas A. Saunders sold 33,750 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the completion of the sale, the director now directly owns 2,332,294 shares of the company’s stock, valued at approximately $248,016,143.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas A. Saunders sold 12,440 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $108.15, for a total value of $1,345,386.00. Following the sale, the director now directly owns 2,326,702 shares of the company’s stock, valued at $251,632,821.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,940 shares of company stock valued at $13,761,818. 4.10% of the stock is owned by company insiders.
Shares of Dollar Tree, Inc. (DLTR) opened at $106.61 on Friday. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $116.65. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. The stock has a market capitalization of $25,180.00, a P/E ratio of 25.38, a P/E/G ratio of 1.26 and a beta of 0.71.
A number of research analysts have issued reports on DLTR shares. Royal Bank of Canada set a $92.00 target price on shares of Dollar Tree and gave the company a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Jefferies Group restated a “hold” rating and set a $85.00 target price on shares of Dollar Tree in a research report on Tuesday, October 31st. BMO Capital Markets restated a “hold” rating and set a $90.00 target price on shares of Dollar Tree in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $118.00 target price on shares of Dollar Tree in a research report on Friday, November 3rd. Eleven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $106.31.
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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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