Dollar Tree, Inc. (DLTR) Holdings Raised by Palladium Partners LLC
Palladium Partners LLC grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 228.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,562 shares of the company’s stock after acquiring an additional 79,662 shares during the quarter. Palladium Partners LLC’s holdings in Dollar Tree were worth $9,946,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. BlueMountain Capital Management LLC grew its holdings in shares of Dollar Tree by 119.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after buying an additional 825 shares in the last quarter. Sun Life Financial INC grew its holdings in shares of Dollar Tree by 17,100.0% during the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after buying an additional 1,710 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in shares of Dollar Tree during the third quarter worth about $150,000. YorkBridge Wealth Partners LLC grew its holdings in shares of Dollar Tree by 2.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after buying an additional 36 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of Dollar Tree by 0.6% during the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after buying an additional 12 shares in the last quarter. Institutional investors own 90.68% of the company’s stock.
Dollar Tree, Inc. (DLTR) traded down $0.36 during trading hours on Thursday, reaching $93.09. The company had a trading volume of 1,998,700 shares, compared to its average volume of 2,724,725. The firm has a market cap of $22,410.00, a PE ratio of 22.41, a P/E/G ratio of 1.52 and a beta of 0.59. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.43 and a current ratio of 1.83. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $95.64.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS. equities research analysts predict that Dollar Tree, Inc. will post 4.67 earnings per share for the current fiscal year.
A number of research firms recently issued reports on DLTR. UBS AG reiterated a “buy” rating and set a $106.00 price objective (up from $100.00) on shares of Dollar Tree in a report on Tuesday. Goldman Sachs Group, Inc. (The) began coverage on Dollar Tree in a report on Tuesday. They set a “buy” rating and a $106.00 price objective for the company. BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. KeyCorp reiterated a “buy” rating and set a $98.00 price objective on shares of Dollar Tree in a report on Friday, November 10th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $90.00 price objective on shares of Dollar Tree in a report on Thursday, November 2nd. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $93.00.
In related news, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Macon F. Brock, Jr. sold 63,000 shares of Dollar Tree stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $91.04, for a total value of $5,735,520.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 251,449 shares of company stock valued at $22,808,837. 4.10% of the stock is currently owned by insiders.
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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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