Alkeon Capital Management LLC increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,570,949 shares of the company’s stock after purchasing an additional 195,000 shares during the quarter. Dollar Tree makes up approximately 1.6% of Alkeon Capital Management LLC’s holdings, making the stock its 13th largest holding. Alkeon Capital Management LLC owned 1.09% of Dollar Tree worth $223,210,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. BlueMountain Capital Management LLC grew 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 valued at $106,000 after buying an additional 825 shares during the period. Sun Life Financial INC grew its holdings in Dollar Tree by 17,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after buying an additional 1,710 shares during the period. YorkBridge Wealth Partners LLC grew its holdings in Dollar Tree by 2.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after buying an additional 36 shares during the period. Advisory Services Network LLC grew its holdings in Dollar Tree by 0.6% in the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after buying an additional 12 shares during the period. Finally, Integrated Investment Consultants LLC purchased a new stake in Dollar Tree in the 3rd quarter valued at about $150,000. Hedge funds and other institutional investors own 89.80% of the company’s stock.
DLTR has been the subject of several recent analyst reports. Piper Jaffray Companies restated a “hold” rating and issued a $85.00 price target on shares of Dollar Tree in a report on Tuesday, August 22nd. BTIG Research restated a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a report on Wednesday, August 23rd. Deutsche Bank restated a “buy” rating and issued a $98.00 price target (up previously from $95.00) on shares of Dollar Tree in a report on Thursday, August 24th. Raymond James Financial upgraded Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price target for the company in a report on Friday, August 25th. Finally, Telsey Advisory Group lifted their price target on Dollar Tree from $88.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, August 25th. Eleven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $101.13.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a return on equity of 16.07% and a net margin of 4.51%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. sell-side analysts anticipate that Dollar Tree, Inc. will post 4.85 earnings per share for the current fiscal year.
In related news, insider Gary M. Philbin sold 9,950 shares of the business’s 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 transaction, the insider now directly owns 34,532 shares of the company’s stock, valued at approximately $2,919,335.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas A. Saunders sold 12,440 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $108.15, for a total value of $1,345,386.00. Following the transaction, the director now directly owns 2,326,702 shares in the company, valued at $251,632,821.30. The disclosure for this sale can be found here. Insiders have sold a total of 391,786 shares of company stock worth $37,251,840 over the last three months. 2.90% of the stock is currently owned by corporate insiders.
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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