Westbourne Investment Advisors Inc. reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 22.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,215 shares of the company’s stock after selling 3,245 shares during the period. Westbourne Investment Advisors Inc.’s holdings in Dollar Tree were worth $1,203,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Exane Derivatives purchased a new stake in Dollar Tree in the 4th quarter valued at $104,000. Sun Life Financial INC raised its position 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 last quarter. Cerebellum GP LLC purchased a new stake in Dollar Tree in the 4th quarter valued at $127,000. Advisory Services Network LLC raised its position 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 last quarter. Finally, FTB Advisors Inc. increased its position in shares of Dollar Tree by 249.2% during the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock valued at $149,000 after purchasing an additional 992 shares during the last quarter. Institutional investors own 88.89% of the company’s stock.
Several equities research analysts have recently issued reports on DLTR shares. 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. Zacks Investment Research lowered Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Jefferies Group reaffirmed a “hold” rating and set a $85.00 target price on shares of Dollar Tree in a research report on Tuesday, October 31st. BMO Capital Markets reaffirmed a “hold” rating and set a $90.00 target price on shares of Dollar Tree in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $118.00 price objective on shares of Dollar Tree in a report on Friday, November 3rd. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Dollar Tree presently has a consensus rating of “Buy” and an average target price of $106.31.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $5.28 billion. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. equities research analysts predict that Dollar Tree, Inc. will post 4.88 EPS for the current fiscal year.
In other news, Director Thomas A. Saunders sold 33,750 shares of Dollar Tree stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the completion of the sale, the director now owns 2,332,294 shares in the company, valued at approximately $248,016,143.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Bob Sasser sold 64,002 shares of Dollar Tree stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total value of $6,383,559.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,132 shares of company stock valued at $14,679,180. Corporate insiders own 4.10% of the company’s stock.
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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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