Fmr LLC lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,046,619 shares of the company’s stock after purchasing an additional 2,890,549 shares during the quarter. Fmr LLC owned about 9.27% of Dollar Tree worth $1,797,902,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Cornerstone Wealth Management LLC purchased a new stake in Dollar Tree in the second quarter valued at $460,000. Creative Planning boosted its holdings in Dollar Tree by 30.2% in the second quarter. Creative Planning now owns 8,671 shares of the company’s stock valued at $737,000 after purchasing an additional 2,010 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in Dollar Tree by 4.5% in the second quarter. Sumitomo Life Insurance Co. now owns 16,972 shares of the company’s stock valued at $1,443,000 after purchasing an additional 728 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Dollar Tree by 55.7% in the second quarter. BNP Paribas Arbitrage SA now owns 195,017 shares of the company’s stock valued at $16,576,000 after purchasing an additional 69,759 shares during the last quarter. Finally, Tyvor Capital LLC purchased a new stake in Dollar Tree in the second quarter valued at $43,038,000. Institutional investors and hedge funds own 92.83% of the company’s stock.
In related news, Director Lemuel E. Lewis purchased 1,210 shares of Dollar Tree stock in a transaction that occurred on Thursday, September 27th. The stock was purchased at an average price of $82.75 per share, for a total transaction of $100,127.50. Following the transaction, the director now directly owns 20,114 shares in the company, valued at $1,664,433.50. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.01). Dollar Tree had a return on equity of 17.63% and a net margin of 7.53%. The company had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same quarter last year, the company earned $0.99 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.5 earnings per share for the current fiscal year.
A number of brokerages have weighed in on DLTR. BidaskClub downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Saturday, November 17th. ValuEngine downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays set a $84.00 price objective on shares of Dollar Tree and gave the stock a “hold” rating in a research report on Thursday, September 27th. Credit Suisse Group upgraded shares of Dollar Tree to a “buy” rating and set a $96.00 price objective for the company in a research report on Thursday, August 30th. Finally, Raymond James decreased their price objective on shares of Dollar Tree from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, August 31st. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $101.90.
Dollar Tree 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.
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