Sumitomo Mitsui Trust Holdings Inc. Lowers Position in Dollar Tree, Inc. (DLTR)
Sumitomo Mitsui Trust Holdings Inc. lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 742,647 shares of the company’s stock after selling 6,630 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.31% of Dollar Tree worth $64,477,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Dollar Tree by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock valued at $1,563,349,000 after buying an additional 691,393 shares in the last quarter. FMR LLC lifted its stake in Dollar Tree by 49.4% in the 2nd quarter. FMR LLC now owns 17,309,462 shares of the company’s stock valued at $1,210,277,000 after buying an additional 5,724,495 shares in the last quarter. BlackRock Inc. lifted its stake in Dollar Tree by 10.3% in the 2nd quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock valued at $1,112,013,000 after buying an additional 1,479,936 shares in the last quarter. Maverick Capital Ltd. lifted its stake in Dollar Tree by 86.7% in the 2nd quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock valued at $568,842,000 after buying an additional 3,777,579 shares in the last quarter. Finally, Standard Life Investments LTD lifted its stake in Dollar Tree by 13.9% in the 2nd quarter. Standard Life Investments LTD now owns 5,085,240 shares of the company’s stock valued at $355,610,000 after buying an additional 621,164 shares in the last quarter. Institutional investors and hedge funds own 90.68% of the company’s stock.
In other Dollar Tree news, Chairman Macon F. Brock, Jr. sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total value of $13,669,500.00. Following the transaction, the chairman now owns 1,128,795 shares of the company’s stock, valued at $102,867,088.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary M. Philbin sold 2,795 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total transaction of $236,177.50. Following the completion of the transaction, the insider now directly owns 34,532 shares in the company, valued at approximately $2,917,954. The disclosure for this sale can be found here. Insiders sold 251,449 shares of company stock worth $22,808,837 in the last three months. 4.10% of the stock is currently owned by corporate insiders.
Dollar Tree, Inc. (NASDAQ:DLTR) opened at $94.61 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.43 and a current ratio of 1.83. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $95.64. The company has a market cap of $22,407.91, a PE ratio of 22.69, a PEG ratio of 1.54 and a beta of 0.59.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same quarter last year, the company posted $0.72 earnings per share. Dollar Tree’s revenue was up 5.7% on a year-over-year basis. research analysts forecast that Dollar Tree, Inc. will post 4.66 EPS for the current fiscal year.
DLTR has been the topic of a number of recent analyst reports. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Monday, August 28th. Loop Capital lowered Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price target on the stock. in a research note on Friday, October 13th. Buckingham Research reissued a “buy” rating and set a $87.00 price target on shares of Dollar Tree in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) initiated coverage on Dollar Tree in a research note on Tuesday, November 14th. They set a “buy” rating and a $106.00 price target on the stock. Finally, Bank of America Corporation initiated coverage on Dollar Tree in a research note on Friday, August 25th. They set a “buy” rating and a $91.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $93.00.
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Dollar Tree 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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