Dollar Tree, Inc. (DLTR) Stake Lowered by Private Advisor Group LLC

Private Advisor Group LLC decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 54.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,196 shares of the company’s stock after selling 16,780 shares during the quarter. Private Advisor Group LLC’s holdings in Dollar Tree were worth $944,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FNY Managed Accounts LLC acquired a new stake in shares of Dollar Tree during the 1st quarter worth approximately $124,000. Citizens Financial Group Inc. RI grew its position in shares of Dollar Tree by 3.1% during the 1st 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. Independent Portfolio Consultants Inc. grew its position in shares of Dollar Tree by 18.1% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after buying an additional 285 shares during the period. YorkBridge Wealth Partners LLC grew its position in shares of Dollar Tree by 3.7% during the 1st 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. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Dollar Tree during the 2nd quarter worth approximately $156,000. 90.76% of the stock is owned by institutional investors.

In other Dollar Tree news, Director Lemuel E. Lewis acquired 3,475 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The shares were bought at an average cost of $71.45 per share, with a total value of $248,288.75. Following the completion of the transaction, the director now directly owns 12,744 shares of the company’s stock, valued at approximately $910,558.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas A. Saunders sold 13,660 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $68.75, for a total value of $939,125.00. Following the sale, the director now directly owns 2,390,881 shares in the company, valued at $164,373,068.75. The disclosure for this sale can be found here. Insiders have purchased 10,375 shares of company stock worth $705,819 over the last ninety days. 2.90% of the stock is currently owned by insiders.

Several analysts recently issued reports on DLTR shares. BTIG Research reissued a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a research report on Monday, May 22nd. Deutsche Bank AG lifted their price target on shares of Dollar Tree from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. BMO Capital Markets set a $88.00 price target on shares of Dollar Tree and gave the company a “hold” rating in a research report on Friday, May 26th. Bank of America Corporation reissued a “buy” rating and issued a $95.00 price target (down previously from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $86.00 price target (up previously from $85.00) on shares of Dollar Tree in a research report on Sunday, June 11th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $88.04.

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Shares of Dollar Tree, Inc. (DLTR) opened at 83.40 on Tuesday. The company has a market capitalization of $19.75 billion, a PE ratio of 21.34 and a beta of 0.68. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $91.41. The stock’s 50 day moving average price is $75.84 and its 200-day moving average price is $75.80.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same period last year, the firm posted $0.72 earnings per share. Dollar Tree’s revenue was up 5.7% compared to the same quarter last year. On average, equities analysts predict that Dollar Tree, Inc. will post $4.66 EPS for the current year.

Dollar Tree Company Profile

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.

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

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