Royce & Associates LP Has $1,339,000 Position in Dollar Tree Inc. (DLTR)
Royce & Associates LP reduced its position in shares of Dollar Tree Inc. (NASDAQ:DLTR) by 32.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,207 shares of the company’s stock after selling 6,800 shares during the period. Royce & Associates LP’s holdings in Dollar Tree were worth $1,339,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. purchased a new position in shares of Dollar Tree during the first quarter valued at approximately $108,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Dollar Tree during the second quarter valued at approximately $108,000. Signaturefd LLC increased its position in shares of Dollar Tree by 1.5% in the second quarter. Signaturefd LLC now owns 1,266 shares of the company’s stock valued at $119,000 after buying an additional 19 shares in the last quarter. Citizens Financial Group Inc RI increased its position in shares of Dollar Tree by 13.8% in the first quarter. Citizens Financial Group Inc RI now owns 1,536 shares of the company’s stock valued at $127,000 after buying an additional 186 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Dollar Tree by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 1,818 shares of the company’s stock valued at $165,000 after buying an additional 33 shares in the last quarter. Institutional investors own 94.43% of the company’s stock.
Dollar Tree Inc. (NASDAQ:DLTR) traded down 1.09% during midday trading on Friday, hitting $81.10. 3,212,004 shares of the company were exchanged. The firm has a market capitalization of $19.12 billion, a PE ratio of 26.91 and a beta of 0.43. The stock has a 50 day moving average of $91.37 and a 200 day moving average of $86.71. Dollar Tree Inc. has a 1-year low of $60.31 and a 1-year high of $99.93.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.01. The firm earned $5.02 billion during the quarter, compared to the consensus estimate of $5.08 billion. Dollar Tree had a return on equity of 16.29% and a net margin of 3.50%. Dollar Tree’s revenue was up 66.0% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. On average, equities analysts predict that Dollar Tree Inc. will post $3.78 earnings per share for the current fiscal year.
Several research analysts have commented on the stock. Telsey Advisory Group restated a “buy” rating on shares of Dollar Tree in a research report on Sunday, May 29th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Dollar Tree in a research note on Sunday, May 29th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Dollar Tree in a research note on Wednesday, July 6th. Vetr raised shares of Dollar Tree from a “buy” rating to a “strong-buy” rating and set a $103.78 target price on the stock in a research note on Wednesday, June 1st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $82.00 target price (up previously from $77.00) on shares of Dollar Tree in a research note on Monday, May 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $95.10.
In other news, insider Barry W. Sullivan sold 2,449 shares of Dollar Tree stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $83.21, for a total transaction of $203,781.29. Following the sale, the insider now owns 8,904 shares of the company’s stock, valued at approximately $740,901.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Saunders sold 5,000 shares of Dollar Tree stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $95.50, for a total transaction of $477,500.00. Following the sale, the director now directly owns 2,310,387 shares in the company, valued at approximately $220,641,958.50. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.
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