Kirr Marbach & Co. LLC IN lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 7.2% during the first quarter, Holdings Channel reports. The fund owned 166,762 shares of the company’s stock after selling 12,877 shares during the period. Dollar Tree comprises about 2.9% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 10th largest position. Kirr Marbach & Co. LLC IN’s holdings in Dollar Tree were worth $13,084,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of DLTR. Municipal Employees Retirement System of Michigan raised its stake in shares of Dollar Tree by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,447 shares of the company’s stock valued at $588,000 after buying an additional 20 shares in the last quarter. Huntington National Bank raised its stake in shares of Dollar Tree by 0.6% in the third quarter. Huntington National Bank now owns 8,192 shares of the company’s stock valued at $647,000 after buying an additional 45 shares in the last quarter. Nippon Life Insurance Co. raised its stake in shares of Dollar Tree by 0.4% in the third quarter. Nippon Life Insurance Co. now owns 12,960 shares of the company’s stock valued at $1,023,000 after buying an additional 57 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Dollar Tree by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,533 shares of the company’s stock valued at $1,044,000 after buying an additional 67 shares in the last quarter. Finally, Horrell Capital Management Inc. raised its stake in shares of Dollar Tree by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock valued at $2,139,000 after buying an additional 100 shares in the last quarter. 93.78% of the stock is owned by institutional investors.
Dollar Tree, Inc. (NASDAQ:DLTR) traded up 1.99% during midday trading on Thursday, hitting $79.57. The company had a trading volume of 4,098,646 shares. The stock has a 50 day moving average price of $76.36 and a 200-day moving average price of $78.57. Dollar Tree, Inc. has a 52 week low of $72.55 and a 52 week high of $99.93. The stock has a market capitalization of $18.80 billion, a PE ratio of 21.05 and a beta of 0.62.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 1st. The company reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.62 billion. Dollar Tree had a return on equity of 17.15% and a net margin of 3.93%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. On average, equities analysts predict that Dollar Tree, Inc. will post $4.46 EPS for the current year.
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DLTR has been the subject of a number of analyst reports. Loop Capital reissued a “hold” rating and set a $80.00 price objective on shares of Dollar Tree in a research note on Tuesday, February 28th. Royal Bank of Canada set a $95.00 price objective on Dollar Tree and gave the company a “buy” rating in a research note on Monday, April 3rd. Deutsche Bank AG reissued a “buy” rating and set a $95.00 price objective on shares of Dollar Tree in a research note on Thursday, April 6th. Zacks Investment Research lowered Dollar Tree from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th. Finally, Atlantic Securities raised Dollar Tree from an “underweight” rating to a “neutral” rating in a research note on Tuesday, April 4th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. Dollar Tree has an average rating of “Hold” and an average target price of $87.19.
In other news, insider Robert H. Rudman sold 2,616 shares of the company’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $73.39, for a total value of $191,988.24. Following the sale, the insider now owns 4,998 shares in the company, valued at $366,803.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert H. Rudman sold 6,731 shares of the company’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $78.22, for a total value of $526,498.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,662 shares of company stock worth $1,437,887. Company insiders own 4.10% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.
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