Dollar Tree, Inc. (DLTR) Shares Bought by Alyeska Investment Group L.P.
Alyeska Investment Group L.P. grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 44.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 735,058 shares of the company’s stock after acquiring an additional 227,503 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.31% of Dollar Tree worth $63,818,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Prudential Financial Inc. grew its stake 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 buying an additional 27,672 shares during the last quarter. Rockshelter Capital Management LLC bought a new position in Dollar Tree during the 2nd quarter worth $5,850,000. Shell Asset Management Co. grew its stake in Dollar Tree by 368.4% during 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 during the last quarter. South Dakota Investment Council bought a new position in Dollar Tree during the 2nd quarter worth $804,000. Finally, Korea Investment CORP grew its stake in Dollar Tree by 170.4% during the 3rd quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock worth $4,904,000 after buying an additional 35,600 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.
In other news, insider Gary M. Philbin sold 2,795 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total value of $236,177.50. Following the completion of the sale, the insider now owns 34,532 shares in the company, valued at $2,917,954. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William A. Old, Jr. sold 1,487 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.50, for a total value of $136,060.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 394,581 shares of company stock valued at $37,488,017. Insiders own 4.10% of the company’s stock.
A number of brokerages recently commented on DLTR. BMO Capital Markets restated a “hold” rating and set a $90.00 price objective on shares of Dollar Tree in a research note on Thursday, November 2nd. MKM Partners upped their price objective on Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 22nd. Royal Bank Of Canada set a $92.00 price objective on Dollar Tree and gave the stock a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, KeyCorp restated a “buy” rating and set a $98.00 price objective on shares of Dollar Tree in a research note on Friday, November 10th. Eleven research 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. The company has a consensus rating of “Buy” and an average price target of $101.13.
Shares of Dollar Tree, Inc. (DLTR) opened at $108.67 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $25,442.82, a price-to-earnings ratio of 24.56, a PEG ratio of 1.68 and a beta of 0.64. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $108.90.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. analysts forecast that Dollar Tree, Inc. will post 4.85 EPS for the current 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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