Pitcairn Co. Reduces Position in Dollar Tree, Inc. (DLTR)
Pitcairn Co. decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,604 shares of the company’s stock after selling 57 shares during the period. Pitcairn Co.’s holdings in Dollar Tree were worth $252,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Independent Portfolio Consultants Inc. raised its position in shares of Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in shares of Dollar Tree during the first quarter worth approximately $124,000. Citizens Financial Group Inc. RI raised its position in shares of Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Dollar Tree during the first quarter worth approximately $150,000. Finally, YorkBridge Wealth Partners LLC raised its position in shares of Dollar Tree by 3.7% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,841 shares of the company’s stock worth $150,000 after buying an additional 66 shares during the last quarter. 91.56% of the stock is owned by institutional investors.
Dollar Tree, Inc. (NASDAQ DLTR) opened at 74.34 on Friday. The firm’s 50-day moving average price is $71.24 and its 200 day moving average price is $75.67. The stock has a market capitalization of $17.60 billion, a P/E ratio of 20.37 and a beta of 0.68. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $96.40. Dollar Tree also was the recipient of some unusual options trading on Tuesday. Stock traders bought 27,648 call options on the company. This represents an increase of 861% compared to the typical daily volume of 2,876 call options.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, May 25th. The company reported $0.98 EPS for the quarter, meeting analysts’ consensus estimates of $0.98. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The firm had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that Dollar Tree, Inc. will post $4.48 EPS for the current year.
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A number of brokerages recently commented on DLTR. Deutsche Bank AG reissued a “buy” rating and set a $95.00 price target on shares of Dollar Tree in a research note on Tuesday, July 4th. Citigroup Inc. reissued a “neutral” rating and set a $86.00 price target (up from $85.00) on shares of Dollar Tree in a research note on Sunday, June 11th. Loop Capital reissued a “buy” rating and set a $86.00 price target on shares of Dollar Tree in a research note on Wednesday, August 9th. BMO Capital Markets set a $88.00 price target on Dollar Tree and gave the company a “hold” rating in a research note on Friday, May 26th. Finally, BidaskClub raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $86.91.
In other Dollar Tree news, Director Lemuel E. Lewis acquired 3,475 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were purchased at an average cost of $71.45 per share, for a total transaction of $248,288.75. Following the completion of the acquisition, the director now owns 12,744 shares of the company’s stock, valued at approximately $910,558.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lemuel E. Lewis acquired 1,900 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average price of $66.70 per share, for a total transaction of $126,730.00. Following the completion of the acquisition, the director now directly 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. Insiders purchased 10,375 shares of company stock worth $705,819 over the last quarter. 4.10% of the stock is currently owned by insiders.
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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