Robeco Institutional Asset Management B.V. Has $3.50 Million Position in Dollar Tree, Inc. (DLTR)
Robeco Institutional Asset Management B.V. trimmed its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 7.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,195 shares of the company’s stock after selling 3,532 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Dollar Tree were worth $3,500,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CenterStar Asset Management LLC acquired a new position in Dollar Tree during the 1st quarter worth $102,000. Dupont Capital Management Corp grew its stake in Dollar Tree by 77.0% during the 1st quarter. Dupont Capital Management Corp now owns 1,632 shares of the company’s stock worth $155,000 after purchasing an additional 710 shares in the last quarter. Cerebellum GP LLC grew its stake in Dollar Tree by 58.9% during the 2nd quarter. Cerebellum GP LLC now owns 2,120 shares of the company’s stock worth $180,000 after purchasing an additional 786 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in Dollar Tree during the 1st quarter worth $213,000. Finally, Keeley Teton Advisors LLC acquired a new position in Dollar Tree during the 1st quarter worth $235,000. 90.46% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Lemuel E. Lewis bought 2,500 shares of Dollar Tree stock in a transaction dated Monday, June 4th. The stock was acquired at an average cost of $80.44 per share, with a total value of $201,100.00. Following the acquisition, the director now owns 17,654 shares of the company’s stock, valued at $1,420,087.76. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas E. Whiddon bought 2,250 shares of Dollar Tree stock in a transaction dated Monday, June 18th. The stock was purchased at an average cost of $88.78 per share, with a total value of $199,755.00. Following the completion of the acquisition, the director now directly owns 26,121 shares in the company, valued at approximately $2,319,022.38. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, May 31st. The company reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). Dollar Tree had a net margin of 7.44% and a return on equity of 18.23%. The firm had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. equities research analysts expect that Dollar Tree, Inc. will post 5.54 EPS for the current year.
Several research firms recently commented on DLTR. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Tuesday, August 14th. ValuEngine cut Dollar Tree from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Gordon Haskett cut Dollar Tree from a “buy” rating to an “accumulate” rating and set a $98.00 price objective for the company. in a research report on Monday, June 4th. BidaskClub cut Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. Finally, Morgan Stanley lowered their price objective on Dollar Tree from $105.00 to $101.00 and set an “equal weight” rating for the company in a research report on Friday, June 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $105.99.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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