Dollar Tree, Inc. (DLTR) Holdings Cut by Fiera Capital Corp
Fiera Capital Corp decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 19.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 360,185 shares of the company’s stock after selling 84,351 shares during the period. Fiera Capital Corp owned approximately 0.15% of Dollar Tree worth $25,184,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Omega Advisors Inc. acquired a new position in Dollar Tree during the 1st quarter worth approximately $5,885,000. Prudential Financial Inc. increased its position in Dollar Tree by 8.4% during the 2nd quarter. Prudential Financial Inc. now owns 358,085 shares of the company’s stock worth $25,037,000 after purchasing an additional 27,672 shares during the period. Achmea Investment Management B.V. acquired a new position in Dollar Tree during the 1st quarter worth approximately $448,000. Ironwood Investment Management LLC increased its position in Dollar Tree by 41.5% during the 1st quarter. Ironwood Investment Management LLC now owns 4,437 shares of the company’s stock worth $348,000 after purchasing an additional 1,302 shares during the period. Finally, State Treasurer State of Michigan increased its position in Dollar Tree by 0.4% during the 2nd quarter. State Treasurer State of Michigan now owns 77,810 shares of the company’s stock worth $5,440,000 after purchasing an additional 300 shares during the period. Institutional investors own 90.76% of the company’s stock.
Several equities analysts have issued reports on DLTR shares. BTIG Research reiterated a “buy” rating and set a $98.00 target price on shares of Dollar Tree in a research report on Monday, May 22nd. Deutsche Bank AG boosted their target price on Dollar Tree from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. BMO Capital Markets set a $88.00 price target on Dollar Tree and gave the stock a “hold” rating in a report on Friday, May 26th. Bank of America Corporation restated a “buy” rating and issued a $95.00 price target (down previously from $100.00) on shares of Dollar Tree in a report on Sunday, May 28th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $86.00 price target (up previously from $85.00) on shares of Dollar Tree in a report on Sunday, June 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $88.04.
In other news, Director Conrad M. Hall acquired 5,000 shares of the stock in a transaction on Monday, July 10th. The shares were purchased at an average cost of $66.16 per share, for a total transaction of $330,800.00. Following the transaction, the director now owns 63,299 shares in the company, valued at approximately $4,187,861.84. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total transaction of $236,177.50. Following the transaction, the insider now owns 34,532 shares in the company, valued at $2,917,954. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,899 shares of company stock worth $1,687,375. Corporate insiders own 4.10% of the company’s stock.
Dollar Tree, Inc. (NASDAQ DLTR) opened at 83.48 on Friday. The stock has a market cap of $19.77 billion, a price-to-earnings ratio of 21.36 and a beta of 0.68. The firm’s 50 day moving average price is $77.23 and its 200-day moving average price is $76.00. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $91.41.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same period in the previous year, the company posted $0.72 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts expect that Dollar Tree, Inc. will post $4.66 EPS for the current year.
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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