Pathstone Family Office LLC Purchases 283 Shares of Dollar Tree, Inc. (DLTR)
Pathstone Family Office LLC increased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,744 shares of the company’s stock after acquiring an additional 283 shares during the quarter. Pathstone Family Office LLC’s holdings in Dollar Tree were worth $262,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlueMountain Capital Management LLC increased its holdings in Dollar Tree by 119.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after acquiring an additional 825 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in Dollar Tree by 3.1% in the 1st quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after acquiring an additional 48 shares during the last quarter. FNY Managed Accounts LLC purchased a new stake in Dollar Tree in the 1st quarter worth about $124,000. Independent Portfolio Consultants Inc. increased its holdings in Dollar Tree by 18.1% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after acquiring an additional 285 shares during the last quarter. Finally, Global X Management Co. LLC increased its holdings in Dollar Tree by 29.6% in the 1st quarter. Global X Management Co. LLC now owns 2,157 shares of the company’s stock worth $169,000 after acquiring an additional 493 shares during the last quarter. 90.74% of the stock is owned by institutional investors.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at 83.42 on Thursday. The company has a market cap of $19.76 billion, a P/E ratio of 21.34 and a beta of 0.68. The company has a 50-day moving average price of $78.20 and a 200-day moving average price of $76.10. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $91.41.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. On average, equities analysts predict that Dollar Tree, Inc. will post $4.66 EPS for the current year.
Several equities research analysts recently weighed in on the company. Loop Capital reissued a “buy” rating and issued a $88.00 price objective on shares of Dollar Tree in a report on Wednesday. BTIG Research reissued a “buy” rating and issued a $98.00 price objective on shares of Dollar Tree in a report on Wednesday, August 23rd. Sanford C. Bernstein raised Dollar Tree from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $65.00 to $78.00 in a report on Monday, August 28th. They noted that the move was a valuation call. BMO Capital Markets set a $88.00 price objective on Dollar Tree and gave the stock a “hold” rating in a report on Friday, May 26th. Finally, BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $88.04.
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In related news, insider Gary M. Philbin sold 9,950 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total transaction of $841,173.00. Following the completion of the transaction, the insider now directly owns 34,532 shares of the company’s stock, valued at $2,919,335.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lemuel E. Lewis purchased 1,900 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average cost of $66.70 per share, with a total value of $126,730.00. Following the completion of the purchase, the director now owns 16,404 shares of the company’s stock, valued at approximately $1,094,146.80. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 33,849 shares of company stock valued at $2,528,548. 4.10% of the stock is owned by corporate 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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