Calamos Advisors LLC Invests $13.87 Million in Dollar Tree, Inc. (DLTR)
Calamos Advisors LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, HoldingsChannel reports. The fund acquired 129,285 shares of the company’s stock, valued at approximately $13,874,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Exane Derivatives bought a new position in shares of Dollar Tree in the fourth quarter valued at about $104,000. Cerebellum GP LLC bought a new position in shares of Dollar Tree in the fourth quarter valued at about $127,000. FTB Advisors Inc. raised its position in shares of Dollar Tree by 249.2% in the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock valued at $149,000 after purchasing an additional 992 shares during the period. First Personal Financial Services bought a new position in shares of Dollar Tree in the fourth quarter valued at about $165,000. Finally, Bronfman E.L. Rothschild L.P. increased its position in Dollar Tree by 38.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock worth $203,000 after acquiring an additional 528 shares during the period. 91.50% of the stock is currently owned by institutional investors.
In other news, Director Thomas A. Saunders sold 12,440 shares of the firm’s stock in a transaction that occurred on 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 directly owns 2,326,702 shares in the company, valued at approximately $251,632,821.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas A. Saunders sold 33,750 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were 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 owns 2,332,294 shares in the company, valued at $248,016,143.96. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.
A number of equities analysts recently commented on the stock. BidaskClub lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $128.00 price target (down from $138.00) on shares of Dollar Tree in a research report on Tuesday. Zacks Investment Research lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. MKM Partners raised their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 22nd. Finally, OTR Global assumed coverage on shares of Dollar Tree in a research report on Tuesday, February 20th. They set a “positive” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $105.92.
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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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