Tredje AP fonden Raises Holdings in Dollar Tree (DLTR)

Tredje AP fonden raised its stake in Dollar Tree (NASDAQ:DLTR) by 10.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,195 shares of the company’s stock after purchasing an additional 1,900 shares during the period. Tredje AP fonden’s holdings in Dollar Tree were worth $1,917,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Loeb Partners Corp bought a new stake in Dollar Tree in the 4th quarter valued at $1,073,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Dollar Tree by 45.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 9,718 shares of the company’s stock worth $1,043,000 after acquiring an additional 3,019 shares during the period. Stonebridge Capital Management Inc. bought a new position in shares of Dollar Tree during the 4th quarter worth about $230,000. Capital Growth Management LP bought a new position in shares of Dollar Tree during the 4th quarter worth about $49,363,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Dollar Tree by 348.2% during the 4th quarter. SG Americas Securities LLC now owns 42,683 shares of the company’s stock worth $4,580,000 after acquiring an additional 33,159 shares during the period. 91.17% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Arnold S. Barron sold 6,023 shares of Dollar Tree stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $94.49, for a total transaction of $569,113.27. Following the transaction, the director now owns 26,667 shares of the company’s stock, valued at approximately $2,519,764.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Conrad M. Hall acquired 10,000 shares of Dollar Tree stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average cost of $91.83 per share, for a total transaction of $918,300.00. Following the purchase, the director now directly owns 799 shares in the company, valued at $73,372.17. The disclosure for this purchase can be found here. Insiders sold a total of 14,861 shares of company stock worth $1,398,752 in the last ninety days. Insiders own 1.50% of the company’s stock.

A number of research firms have recently commented on DLTR. Raymond James set a $110.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a report on Thursday, March 8th. BMO Capital Markets dropped their target price on shares of Dollar Tree from $115.00 to $97.00 and set a “hold” rating for the company in a research report on Thursday, March 8th. Barclays upgraded shares of Dollar Tree from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $89.25 to $100.00 in a research report on Thursday, March 8th. Loop Capital reiterated a “hold” rating and set a $92.00 target price (down previously from $100.00) on shares of Dollar Tree in a research report on Wednesday, March 7th. Finally, Deutsche Bank set a $119.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, March 8th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Dollar Tree has a consensus rating of “Buy” and a consensus price target of $110.31.

Shares of NASDAQ DLTR opened at $93.10 on Monday. The stock has a market capitalization of $22.14 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.11 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60. Dollar Tree has a 1 year low of $65.63 and a 1 year high of $116.65.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.01). The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.39 billion. Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the business posted $1.36 EPS. analysts expect that Dollar Tree will post 5.7 EPS for the current year.

About Dollar Tree

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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