Oxbow Advisors LLC Takes $5.57 Million Position in Dollar Tree (NASDAQ:DLTR)

Oxbow Advisors LLC acquired a new stake in Dollar Tree (NASDAQ:DLTR) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 58,735 shares of the company’s stock, valued at approximately $5,574,000. Dollar Tree accounts for approximately 1.1% of Oxbow Advisors LLC’s portfolio, making the stock its 24th biggest holding.

Several other hedge funds have also recently bought and sold shares of the company. CenterStar Asset Management LLC purchased a new stake in Dollar Tree in the 1st quarter valued at about $102,000. Exane Derivatives acquired a new position in shares of Dollar Tree in the 4th quarter valued at about $104,000. Cerebellum GP LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at about $127,000. FTB Advisors Inc. lifted its stake in shares of Dollar Tree by 249.2% in 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 in the last quarter. Finally, Dupont Capital Management Corp lifted its position in Dollar Tree by 77.0% during the 1st quarter. Dupont Capital Management Corp now owns 1,632 shares of the company’s stock worth $155,000 after acquiring an additional 710 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

In related news, insider Robert H. Rudman sold 6,074 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $93.95, for a total value of $570,652.30. Following the transaction, the insider now owns 11,170 shares of the company’s stock, valued at approximately $1,049,421.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert H. Rudman sold 2,764 shares of the stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $93.70, for a total transaction of $258,986.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,861 shares of company stock worth $1,398,752 in the last three months. Insiders own 1.50% of the company’s stock.

DLTR has been the subject of a number of research analyst reports. Raymond James set a $110.00 price target on Dollar Tree and gave the company a “buy” rating in a report on Thursday, March 8th. Buckingham Research set a $114.00 price objective on Dollar Tree and gave the company a “buy” rating in a report on Thursday, March 8th. Deutsche Bank set a $119.00 target price on Dollar Tree and gave the company a “buy” rating in a report on Thursday, March 8th. Guggenheim reissued a “buy” rating on shares of Dollar Tree in a research report on Wednesday, January 31st. Finally, Bank of America upped their target price on Dollar Tree from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Dollar Tree currently has an average rating of “Buy” and an average target price of $110.31.

Dollar Tree opened at $94.29 on Friday, according to MarketBeat.com. The firm has a market cap of $22.47 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.13 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.60 and a quick ratio of 0.49. Dollar Tree has a fifty-two week low of $94.34 and a fifty-two week high of $96.56.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.01). Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same quarter in the previous year, the company earned $1.36 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. analysts predict that Dollar Tree will post 5.66 EPS for the current fiscal year.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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