Capstone Asset Management Co. Has $1.96 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)
Capstone Asset Management Co. reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,034 shares of the company’s stock after selling 824 shares during the period. Capstone Asset Management Co.’s holdings in Dollar Tree were worth $1,960,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of DLTR. Hellman Jordan Management Co. Inc. MA acquired a new stake in shares of Dollar Tree during the second quarter valued at $759,000. Stock Yards Bank & Trust Co. raised its stake in shares of Dollar Tree by 2.3% in the second quarter. Stock Yards Bank & Trust Co. now owns 20,198 shares of the company’s stock valued at $1,412,000 after buying an additional 455 shares during the period. Centre Asset Management LLC acquired a new stake in shares of Dollar Tree during the second quarter valued at $4,745,000. Independent Portfolio Consultants Inc. raised its stake in shares of Dollar Tree by 18.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock valued at $130,000 after buying an additional 285 shares during the period. Finally, VNBTrust National Association raised its stake in shares of Dollar Tree by 116.5% in the second quarter. VNBTrust National Association now owns 122,300 shares of the company’s stock valued at $8,552,000 after buying an additional 65,800 shares during the period. 92.40% of the stock is currently owned by institutional investors.
Dollar Tree, Inc. (NASDAQ DLTR) opened at 69.11 on Monday. The firm has a market cap of $16.36 billion, a PE ratio of 18.93 and a beta of 0.68. The company has a 50 day moving average price of $75.47 and a 200 day moving average price of $77.59. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $99.93.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.98. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same period last year, the business posted $0.89 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Dollar Tree, Inc. will post $4.50 earnings per share for the current year.
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A number of research analysts recently issued reports on DLTR shares. Deutsche Bank AG restated a “buy” rating and set a $95.00 price target on shares of Dollar Tree in a research note on Tuesday, July 4th. Credit Suisse Group upgraded Dollar Tree from an “underperform” rating to a “neutral” rating and set a $73.00 price target on the stock in a research note on Thursday, March 23rd. Royal Bank Of Canada set a $95.00 price target on Dollar Tree and gave the stock a “buy” rating in a research note on Monday, April 3rd. Citigroup Inc. restated a “neutral” rating and set a $86.00 price target (up previously from $85.00) on shares of Dollar Tree in a research note on Sunday, June 11th. Finally, Atlantic Securities upgraded Dollar Tree from an “underweight” rating to a “neutral” rating in a research note on Tuesday, April 4th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. Dollar Tree currently has a consensus rating of “Hold” and an average price target of $87.57.
In related news, Director Thomas A. Saunders sold 7,444 shares of Dollar Tree stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $68.79, for a total transaction of $512,072.76. Following the sale, the director now directly owns 2,390,881 shares of the company’s stock, valued at $164,468,703.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lemuel E. Lewis bought 3,475 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were purchased at an average cost of $71.45 per share, for a total transaction of $248,288.75. Following the completion of the transaction, the director now owns 12,744 shares of the company’s stock, valued at $910,558.80. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 10,375 shares of company stock worth $705,819 and have sold 64,482 shares worth $4,881,476. 2.90% of the stock is owned by company insiders.
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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