AIMZ Investment Advisors LLC held its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,773 shares of the company’s stock at the end of the second quarter. AIMZ Investment Advisors LLC’s holdings in Dollar Tree were worth $823,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in DLTR. Waldron LP purchased a new position in shares of Dollar Tree in the 1st quarter valued at about $203,000. OppenheimerFunds Inc. increased its stake in shares of Dollar Tree by 23.8% in the 1st quarter. OppenheimerFunds Inc. now owns 33,320 shares of the company’s stock valued at $2,614,000 after purchasing an additional 6,405 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Dollar Tree in the 1st quarter valued at about $202,000. Waratah Capital Advisors Ltd. purchased a new position in shares of Dollar Tree in the 1st quarter valued at about $1,181,000. Finally, Royce & Associates LP increased its stake in shares of Dollar Tree by 362.6% in the 1st quarter. Royce & Associates LP now owns 44,575 shares of the company’s stock valued at $3,497,000 after purchasing an additional 34,940 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.
DLTR has been the subject of several recent analyst reports. Sanford C. Bernstein upgraded Dollar Tree from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Deutsche Bank AG restated a “buy” rating and issued a $95.00 price target on shares of Dollar Tree in a research note on Tuesday, July 4th. Raymond James Financial, Inc. upgraded Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price target for the company in a research note on Friday, August 25th. Loop Capital restated a “hold” rating and issued a $80.00 price target on shares of Dollar Tree in a research note on Friday, June 23rd. Finally, BidaskClub lowered Dollar Tree from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $90.14.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) traded up 1.98% on Wednesday, hitting $91.07. The stock had a trading volume of 1,302,430 shares. The stock has a market cap of $21.57 billion, a PE ratio of 23.29 and a beta of 0.70. Dollar Tree, Inc. has a one year low of $65.63 and a one year high of $91.41. The company’s 50 day moving average is $83.52 and its 200 day moving average is $77.37.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same period last year, the company posted $0.72 EPS. The company’s revenue was up 5.7% on a year-over-year basis. Equities research analysts predict that Dollar Tree, Inc. will post $4.68 EPS for the current fiscal year.
In related news, Director Thomas A. Saunders sold 13,660 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $68.75, for a total transaction of $939,125.00. Following the sale, the director now owns 2,390,881 shares in the company, valued at $164,373,068.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Saunders sold 7,444 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $68.79, for a total transaction of $512,072.76. Following the sale, the director now owns 2,390,881 shares in the company, valued at approximately $164,468,703.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,445 shares of company stock valued at $3,022,395. Corporate insiders own 2.90% 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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