66,723 Shares in Dollar Tree, Inc. (DLTR) Purchased by Cubist Systematic Strategies LLC
Cubist Systematic Strategies LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 66,723 shares of the company’s stock, valued at approximately $4,665,000.
Other large investors have also modified their holdings of the company. BlueMountain Capital Management LLC raised 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 purchasing an additional 825 shares during the period. Sun Life Financial INC raised 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 purchasing an additional 1,710 shares during the period. FNY Managed Accounts LLC acquired a new stake in shares of Dollar Tree during the first quarter worth $124,000. Citizens Financial Group Inc. RI raised its holdings in shares of Dollar Tree by 3.1% during the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after purchasing an additional 48 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its holdings in shares of Dollar Tree by 18.1% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after purchasing an additional 285 shares during the period. 90.74% of the stock is currently owned by institutional investors.
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A number of analysts have weighed in on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $85.00 target price on shares of Dollar Tree in a report on Friday, September 29th. Cleveland Research raised shares of Dollar Tree from a “neutral” rating to a “buy” rating in a report on Wednesday. Loop Capital reissued a “buy” rating and set a $88.00 target price on shares of Dollar Tree in a report on Wednesday, September 20th. Raymond James Financial, Inc. dropped coverage on shares of Dollar Tree in a report on Saturday, August 26th. Finally, Sanford C. Bernstein raised shares of Dollar Tree from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $65.00 to $78.00 in a report on Monday, August 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $88.91.
In related news, insider David A. Jacobs sold 5,596 shares of Dollar Tree stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $88.25, for a total value of $493,847.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas A. Saunders sold 13,660 shares of Dollar Tree stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $68.75, for a total value of $939,125.00. Following the completion of the transaction, the director now directly owns 2,390,881 shares of the company’s stock, valued at $164,373,068.75. The disclosure for this sale can be found here. Insiders sold 39,445 shares of company stock valued at $3,022,395 over the last ninety days. 4.10% of the stock is currently owned by company insiders.
Shares of Dollar Tree, Inc. (DLTR) traded up 0.30% during trading on Friday, reaching $89.42. 2,524,410 shares of the company were exchanged. The stock has a 50-day moving average of $82.68 and a 200 day moving average of $77.12. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $91.41. The stock has a market capitalization of $21.18 billion, a P/E ratio of 22.88 and a beta of 0.70.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same period in the previous year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Dollar Tree, Inc. will post $4.68 earnings per share for the current fiscal year.
Dollar Tree Company 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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