Montag & Caldwell LLC Decreases Position in Dollar Tree, Inc. (DLTR)
Montag & Caldwell LLC reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 9.2% during the second quarter, Holdings Channel reports. The firm owned 1,246,435 shares of the company’s stock after selling 126,321 shares during the period. Dollar Tree makes up about 2.6% of Montag & Caldwell LLC’s investment portfolio, making the stock its 22nd largest position. Montag & Caldwell LLC’s holdings in Dollar Tree were worth $87,151,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in DLTR. Independent Portfolio Consultants Inc. boosted its stake in Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock valued at $124,000 after buying an additional 750 shares during the period. 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 valued at $125,000 after buying an additional 48 shares during the period. FNY Managed Accounts LLC bought a new stake in Dollar Tree during the first quarter valued at about $124,000. Quadrant Capital Group LLC boosted its stake in Dollar Tree by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 1,769 shares of the company’s stock valued at $134,000 after buying an additional 134 shares during the period. Finally, YorkBridge Wealth Partners LLC boosted its stake in Dollar Tree by 3.7% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,841 shares of the company’s stock valued at $150,000 after buying an additional 66 shares during the period. 91.71% of the stock is owned by institutional investors.
Dollar Tree, Inc. (DLTR) traded up 0.267% on Friday, hitting $73.275. 162,271 shares of the company traded hands. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $97.39. The stock’s 50-day moving average is $70.43 and its 200 day moving average is $75.73. The firm has a market capitalization of $17.34 billion, a P/E ratio of 20.075 and a beta of 0.68.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts forecast that Dollar Tree, Inc. will post $4.48 EPS for the current fiscal year.
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Several research firms have issued reports on DLTR. BidaskClub raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday. Buckingham Research reissued a “buy” rating and issued a $87.00 price objective on shares of Dollar Tree in a research report on Wednesday. Loop Capital reissued a “buy” rating and issued a $86.00 price objective on shares of Dollar Tree in a research report on Wednesday. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday. Finally, Bank of America Corporation reissued a “buy” rating and issued a $95.00 price objective (down from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $86.91.
In other news, Director Lemuel E. Lewis purchased 3,475 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was bought at an average price of $71.45 per share, for a total transaction of $248,288.75. Following the completion of the purchase, the director now directly owns 12,744 shares of the company’s stock, valued at $910,558.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas A. Saunders sold 13,660 shares of Dollar Tree 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 of the company’s stock, valued at approximately $164,373,068.75. The disclosure for this sale can be found here. Insiders purchased 10,375 shares of company stock valued at $705,819 in the last quarter. 4.10% of the stock is owned by insiders.
Dollar Tree Company 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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