Quantitative Systematic Strategies LLC reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 49.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,506 shares of the company’s stock after selling 9,308 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Dollar Tree were worth $999,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. LPL Financial LLC increased its holdings in Dollar Tree by 15.1% in the 3rd quarter. LPL Financial LLC now owns 47,439 shares of the company’s stock worth $3,869,000 after buying an additional 6,216 shares during the period. Pacer Advisors Inc. increased its holdings in Dollar Tree by 26.1% in the 3rd quarter. Pacer Advisors Inc. now owns 23,536 shares of the company’s stock worth $1,919,000 after buying an additional 4,865 shares during the period. Mackenzie Financial Corp increased its holdings in Dollar Tree by 23.8% in the 3rd quarter. Mackenzie Financial Corp now owns 10,746 shares of the company’s stock worth $876,000 after buying an additional 2,068 shares during the period. AQR Capital Management LLC increased its holdings in Dollar Tree by 95.0% in the 3rd quarter. AQR Capital Management LLC now owns 38,801 shares of the company’s stock worth $3,164,000 after buying an additional 18,906 shares during the period. Finally, Glenmede Trust Co. NA increased its holdings in Dollar Tree by 1.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 636,205 shares of the company’s stock worth $51,881,000 after buying an additional 8,405 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.
In related news, insider William A. Old, Jr. sold 6,580 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $102.75, for a total transaction of $676,095.00. Following the sale, the insider now owns 8,960 shares of the company’s stock, valued at $920,640. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Michael A. Witynski sold 6,380 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $102.83, for a total value of $656,055.40. Following the sale, the chief operating officer now directly owns 12,381 shares in the company, valued at approximately $1,273,138.23. The disclosure for this sale can be found here. Insiders have sold 33,947 shares of company stock worth $3,480,102 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently commented on DLTR shares. Credit Suisse Group raised their price objective on shares of Dollar Tree from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Oppenheimer cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $92.00 to $104.00 in a research note on Thursday, January 10th. BidaskClub lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Gordon Haskett upgraded Dollar Tree from an “accumulate” rating to a “buy” rating and set a $102.07 price objective on the stock in a report on Thursday, March 21st. Finally, ValuEngine lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Thirteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $101.37.
DLTR stock opened at $106.31 on Wednesday. The company has a market cap of $25.44 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43. Dollar Tree, Inc. has a fifty-two week low of $78.78 and a fifty-two week high of $107.59. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.01. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The company had revenue of $6.21 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the business earned $1.89 earnings per share. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.23 earnings per share for the current fiscal year.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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