Cipher Capital LP Sells 15,727 Shares of Dollar Tree, Inc. (DLTR)
Cipher Capital LP decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 23.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,376 shares of the company’s stock after selling 15,727 shares during the period. Cipher Capital LP’s holdings in Dollar Tree were worth $4,460,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. raised its holdings in shares of Dollar Tree by 8.4% in the 2nd quarter. Prudential Financial Inc. now owns 358,085 shares of the company’s stock worth $25,037,000 after buying an additional 27,672 shares in the last quarter. Rockshelter Capital Management LLC acquired a new position in shares of Dollar Tree in the 2nd quarter worth approximately $5,850,000. State Treasurer State of Michigan raised its holdings in shares of Dollar Tree by 0.4% in the 2nd quarter. State Treasurer State of Michigan now owns 77,810 shares of the company’s stock worth $5,440,000 after buying an additional 300 shares in the last quarter. South Dakota Investment Council acquired a new position in shares of Dollar Tree in the 2nd quarter worth approximately $804,000. Finally, Shell Asset Management Co. raised its holdings in shares of Dollar Tree by 368.4% in the 3rd quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock worth $4,057,000 after buying an additional 56,906 shares in the last quarter. 90.68% of the stock is owned by hedge funds and other institutional investors.
Dollar Tree, Inc. (NASDAQ DLTR) traded down $0.02 during trading hours on Friday, hitting $94.61. The stock had a trading volume of 1,930,564 shares, compared to its average volume of 2,718,582. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $95.64. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.83 and a quick ratio of 0.43. The company has a market cap of $22,410.00, a price-to-earnings ratio of 22.41, a P/E/G ratio of 1.52 and a beta of 0.59.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $5.24 billion. During the same period last year, the company earned $0.72 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. sell-side analysts predict that Dollar Tree, Inc. will post 4.67 earnings per share for the current year.
In other news, Chairman Macon F. Brock, Jr. sold 150,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $91.13, for a total value of $13,669,500.00. Following the transaction, the chairman now directly owns 1,128,795 shares in the company, valued at approximately $102,867,088.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Jacobs sold 5,596 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $88.25, for a total value of $493,847.00. The disclosure for this sale can be found here. Insiders sold a total of 251,449 shares of company stock worth $22,808,837 over the last 90 days. 4.10% of the stock is owned by corporate insiders.
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A number of equities analysts have recently issued reports on the company. KeyCorp reissued a “buy” rating and issued a $98.00 target price on shares of Dollar Tree in a report on Friday, November 10th. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Wednesday, November 8th. The Goldman Sachs Group, Inc. assumed coverage on Dollar Tree in a report on Tuesday. They issued a “buy” rating and a $106.00 target price for the company. UBS AG reissued a “buy” rating and issued a $106.00 target price (up from $100.00) on shares of Dollar Tree in a report on Tuesday. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating and set a $118.00 price target on shares of Dollar Tree in a report on Friday, November 3rd. Eleven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $93.00.
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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