Bbva Compass Bancshares Inc. grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 21.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,232 shares of the company’s stock after purchasing an additional 753 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Dollar Tree were worth $445,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Graves Light Private Wealth Management Inc. bought a new stake in shares of Dollar Tree during the 4th quarter valued at about $233,000. Bank of Montreal Can boosted its stake in shares of Dollar Tree by 19.3% during the 4th quarter. Bank of Montreal Can now owns 312,809 shares of the company’s stock valued at $28,254,000 after purchasing an additional 50,536 shares in the last quarter. Huntington National Bank boosted its stake in shares of Dollar Tree by 38.3% during the 4th quarter. Huntington National Bank now owns 201,431 shares of the company’s stock valued at $18,193,000 after purchasing an additional 55,831 shares in the last quarter. Clean Yield Group bought a new stake in shares of Dollar Tree during the 4th quarter valued at about $45,000. Finally, Smithfield Trust Co. lifted its position in Dollar Tree by 19.3% during the 4th quarter. Smithfield Trust Co. now owns 6,529 shares of the company’s stock valued at $590,000 after acquiring an additional 1,058 shares during the period. 92.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dollar Tree stock opened at $100.20 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36. The stock has a market capitalization of $23.55 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.94 and a beta of 0.44. Dollar Tree, Inc. has a 52-week low of $78.78 and a 52-week high of $111.61.
DLTR has been the subject of a number of recent research reports. BidaskClub cut shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 19th. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Monday, February 4th. Wolfe Research initiated coverage on shares of Dollar Tree in a research report on Monday, February 11th. They set a “market perform” rating for the company. Raymond James set a $107.00 price target on shares of Dollar Tree and gave the company a “buy” rating in a research report on Tuesday, February 26th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $103.00 price target (up from $90.00) on shares of Dollar Tree in a research report on Thursday, March 7th. Twelve research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $102.89.
In other Dollar Tree news, COO Michael A. Witynski sold 6,380 shares of Dollar Tree stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $102.83, for a total value of $656,055.40. Following the completion of the transaction, the chief operating officer now directly owns 12,381 shares of the company’s stock, valued at $1,273,138.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lemuel E. Lewis bought 1,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was purchased at an average cost of $99.98 per share, with a total value of $99,980.00. Following the completion of the acquisition, the director now directly owns 21,114 shares of the company’s stock, valued at approximately $2,110,977.72. The disclosure for this purchase can be found here. Insiders sold 43,561 shares of company stock valued at $4,537,642 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.
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Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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