Personal Capital Advisors Corp grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 6.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 209,249 shares of the company’s stock after acquiring an additional 12,332 shares during the quarter. Personal Capital Advisors Corp owned about 0.09% of Dollar Tree worth $22,455,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Rockshelter Capital Management LLC bought a new stake in shares of Dollar Tree during the 2nd quarter valued at $5,850,000. Shell Asset Management Co. lifted its position in shares of Dollar Tree by 368.4% during the 3rd quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock valued at $4,057,000 after acquiring an additional 56,906 shares during the period. Korea Investment CORP lifted its position in shares of Dollar Tree by 170.4% during the 3rd quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock valued at $4,904,000 after acquiring an additional 35,600 shares during the period. Wright Investors Service Inc. bought a new stake in shares of Dollar Tree during the 3rd quarter valued at $501,000. Finally, British Airways Pensions Investment Management Ltd bought a new stake in shares of Dollar Tree during the 3rd quarter valued at $34,022,000. Hedge funds and other institutional investors own 89.74% of the company’s stock.
In other Dollar Tree news, Chairman Macon F. Brock, Jr. sold 150,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $91.13, for a total value of $13,669,500.00. Following the completion of the transaction, the chairman now owns 1,128,795 shares of the company’s stock, valued at approximately $102,867,088.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas A. Saunders sold 12,440 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 2,326,702 shares of the company’s stock, valued at approximately $251,632,821.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 293,132 shares of company stock valued at $28,348,680. Insiders own 4.10% of the company’s stock.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities analysts forecast that Dollar Tree, Inc. will post 4.87 earnings per share for the current fiscal year.
DLTR has been the subject of a number of recent analyst reports. Cleveland Research upgraded Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Wednesday, October 11th. BidaskClub downgraded Dollar Tree from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 14th. Royal Bank of Canada set a $92.00 target price on Dollar Tree and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group began coverage on Dollar Tree in a research report on Tuesday, November 14th. They set a “buy” rating and a $106.00 target price for the company. Eleven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $105.04.
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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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