Dollar Tree, Inc. (DLTR) Holdings Reduced by Highbridge Capital Management LLC
Highbridge Capital Management LLC lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 42.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,468 shares of the company’s stock after selling 73,574 shares during the quarter. Highbridge Capital Management LLC’s holdings in Dollar Tree were worth $8,636,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in shares of Dollar Tree by 8.8% during the second quarter. Janney Montgomery Scott LLC now owns 8,084 shares of the company’s stock worth $565,000 after purchasing an additional 652 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Dollar Tree by 0.6% during the second quarter. Retirement Systems of Alabama now owns 114,760 shares of the company’s stock worth $8,024,000 after purchasing an additional 649 shares in the last quarter. Global X Management Co. LLC lifted its position in shares of Dollar Tree by 14.2% during the second quarter. Global X Management Co. LLC now owns 2,464 shares of the company’s stock worth $172,000 after purchasing an additional 307 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Dollar Tree by 4.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 782,529 shares of the company’s stock worth $54,715,000 after purchasing an additional 32,015 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Dollar Tree by 0.5% during the second quarter. Arizona State Retirement System now owns 58,714 shares of the company’s stock worth $4,105,000 after purchasing an additional 300 shares in the last quarter. 89.80% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on the stock. Raymond James Financial set a $124.00 price target on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, December 7th. Moffett Nathanson assumed coverage on shares of Dollar Tree in a research report on Monday, December 4th. They set a “buy” rating on the stock. Bank of America increased their price target on shares of Dollar Tree from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Telsey Advisory Group increased their price target on shares of Dollar Tree from $101.00 to $108.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Finally, Royal Bank of Canada reissued a “top pick” rating and set a $111.00 price target (up previously from $102.00) on shares of Dollar Tree in a research report on Wednesday, November 22nd. Eleven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Dollar Tree currently has a consensus rating of “Buy” and an average price target of $101.13.
In other Dollar Tree news, insider Gary M. Philbin sold 9,950 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total value of $841,173.00. Following the transaction, the insider now directly owns 34,532 shares in the company, valued at $2,919,335.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Jacobs sold 5,596 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $88.25, for a total transaction of $493,847.00. The disclosure for this sale can be found here. Insiders sold 391,786 shares of company stock worth $37,251,840 over the last quarter. 2.90% of the stock is currently owned by insiders.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) opened at $107.07 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. Dollar Tree, Inc. has a one year low of $65.63 and a one year high of $108.90. The firm has a market cap of $25,770.00, a P/E ratio of 24.87, a P/E/G ratio of 1.70 and a beta of 0.64.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a net margin of 4.51% and a return on equity of 16.07%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. analysts predict that Dollar Tree, Inc. will post 4.85 EPS for the current fiscal year.
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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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