Hellman Jordan Management Co. Inc. MA Acquires New Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Hellman Jordan Management Co. Inc. MA bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,860 shares of the company’s stock, valued at approximately $759,000. Dollar Tree comprises 1.6% of Hellman Jordan Management Co. Inc. MA’s holdings, making the stock its 24th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of DLTR. Independent Portfolio Consultants Inc. raised its position in Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock worth $124,000 after buying an additional 750 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares during the period. FNY Managed Accounts LLC acquired a new stake in shares of Dollar Tree during the first quarter worth approximately $124,000. Quadrant Capital Group LLC raised its stake in shares of Dollar Tree by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 1,769 shares of the company’s stock worth $134,000 after buying an additional 134 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its stake in shares of Dollar Tree by 3.7% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,841 shares of the company’s stock worth $150,000 after buying an additional 66 shares during the period. Institutional investors own 92.34% of the company’s stock.

Dollar Tree, Inc. (NASDAQ DLTR) traded down 2.40% on Monday, hitting $66.35. The company’s stock had a trading volume of 2,354,512 shares. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $99.93. The firm has a 50 day moving average of $75.47 and a 200 day moving average of $77.59. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of 18.18 and a beta of 0.68.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, May 25th. The company reported $0.98 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.98. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Equities research analysts forecast that Dollar Tree, Inc. will post $4.48 earnings per share for the current fiscal year.

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A number of analysts recently commented on DLTR shares. Johnson Rice upgraded Dollar Tree from an “accumulate” rating to a “buy” rating in a report on Monday, April 24th. BidaskClub upgraded Dollar Tree from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Gordon Haskett assumed coverage on Dollar Tree in a report on Tuesday, May 9th. They set a “buy” rating and a $98.00 price target on the stock. Credit Suisse Group raised Dollar Tree from an “underperform” rating to a “neutral” rating and set a $73.00 target price for the company in a research report on Thursday, March 23rd. Finally, Loop Capital raised Dollar Tree from a “hold” rating to a “buy” rating and raised their target price for the stock from $80.00 to $86.00 in a research report on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. Dollar Tree has an average rating of “Hold” and an average target price of $87.00.

In related news, Director Lemuel E. Lewis purchased 3,475 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was purchased at an average price of $71.45 per share, with a total value of $248,288.75. Following the completion of the purchase, the director now owns 12,744 shares of the company’s stock, valued at approximately $910,558.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lemuel E. Lewis purchased 1,900 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were bought at an average cost of $66.70 per share, with a total value of $126,730.00. Following the purchase, the director now directly owns 16,404 shares of the company’s stock, valued at approximately $1,094,146.80. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

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

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