Penserra Capital Management LLC Increases Stake in Dollar Tree, Inc. (DLTR)
Penserra Capital Management LLC grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 26.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,868 shares of the company’s stock after buying an additional 800 shares during the period. Penserra Capital Management LLC’s holdings in Dollar Tree were worth $415,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC grew its stake in shares of Dollar Tree by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after buying an additional 12 shares during the period. Public Employees Retirement System of Ohio boosted its position in Dollar Tree by 0.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 102,557 shares of the company’s stock worth $7,171,000 after purchasing an additional 382 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in Dollar Tree by 1.1% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 40,872 shares of the company’s stock worth $2,856,000 after purchasing an additional 449 shares during the period. DnB Asset Management AS boosted its position in Dollar Tree by 2.1% during the 4th quarter. DnB Asset Management AS now owns 24,355 shares of the company’s stock worth $2,614,000 after purchasing an additional 500 shares during the period. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Dollar Tree by 38.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock worth $203,000 after purchasing an additional 528 shares during the period. 88.89% of the stock is owned by institutional investors.
A number of brokerages recently weighed in on DLTR. Zacks Investment Research cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Moffett Nathanson began coverage on shares of Dollar Tree in a research report on Monday, December 4th. They set a “buy” rating for the company. Bank of America upped their price target on shares of Dollar Tree from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st. MKM Partners set a $96.00 price target on shares of Dollar Tree and gave the stock a “hold” rating in a research report on Monday, November 20th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $118.00 price target on shares of Dollar Tree in a research report on Friday, November 3rd. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $106.31.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping 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 analyst estimates of $5.28 billion. During the same quarter in the previous year, the business posted $0.72 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. equities analysts expect that Dollar Tree, Inc. will post 4.88 earnings per share for the current fiscal year.
In other news, Director Thomas A. Saunders sold 12,440 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $251,632,821.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin S. Wampler sold 12,559 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $103.89, for a total transaction of $1,304,754.51. Following the completion of the sale, the chief financial officer now owns 77,164 shares in the company, valued at approximately $8,016,567.96. The disclosure for this sale can be found here. Insiders sold a total of 143,132 shares of company stock worth $14,679,180 in the last quarter. 2.90% of the stock is currently owned by company 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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