Cipher Capital LP Has $4.69 Million Position in Dollar Tree, Inc. (DLTR)
Cipher Capital LP raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 56.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 67,103 shares of the company’s stock after buying an additional 24,238 shares during the period. Cipher Capital LP’s holdings in Dollar Tree were worth $4,691,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Meristem LLP boosted its stake in Dollar Tree by 0.3% in the first quarter. Meristem LLP now owns 4,520 shares of the company’s stock worth $355,000 after buying an additional 14 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in Dollar Tree by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock worth $312,000 after buying an additional 31 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares during the last quarter. Mirador Capital Partners LP boosted its stake in Dollar Tree by 1.5% in the first quarter. Mirador Capital Partners LP now owns 3,731 shares of the company’s stock worth $293,000 after buying an additional 56 shares during the last quarter. Finally, Atlantic Trust LLC boosted its stake in Dollar Tree by 1.2% in the first quarter. Atlantic Trust LLC now owns 5,270 shares of the company’s stock worth $414,000 after buying an additional 60 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.
Dollar Tree, Inc. (NASDAQ:DLTR) opened at 81.06 on Friday. The company has a 50-day moving average of $74.10 and a 200 day moving average of $75.75. Dollar Tree, Inc. has a one year low of $65.63 and a one year high of $91.41. The firm has a market capitalization of $19.20 billion, a price-to-earnings ratio of 20.74 and a beta of 0.67.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 EPS. On average, analysts anticipate that Dollar Tree, Inc. will post $4.66 EPS for the current year.
A number of research firms recently weighed in on DLTR. Loop Capital reissued a “buy” rating and issued a $86.00 target price on shares of Dollar Tree in a research note on Wednesday, August 9th. BTIG Research reaffirmed a “buy” rating and set a $98.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 23rd. Sanford C. Bernstein raised shares of Dollar Tree from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. BMO Capital Markets set a $88.00 price objective on shares of Dollar Tree and gave the stock a “hold” rating in a research note on Friday, May 26th. Finally, BidaskClub raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company. Dollar Tree presently has an average rating of “Hold” and a consensus target price of $88.04.
In other news, Director Lemuel E. Lewis purchased 3,475 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were purchased at an average price of $71.45 per share, for a total transaction of $248,288.75. Following the transaction, the director now owns 12,744 shares of the company’s stock, valued at $910,558.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas A. Saunders sold 13,660 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $68.75, for a total transaction of $939,125.00. Following the completion of the transaction, the director now owns 2,390,881 shares in the company, valued at approximately $164,373,068.75. The disclosure for this sale can be found here. Insiders bought a total of 10,375 shares of company stock worth $705,819 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.
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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