MUFG Securities EMEA plc purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 150,000 shares of the company’s stock, valued at approximately $16,109,000. MUFG Securities EMEA plc owned approximately 0.06% of Dollar Tree at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DLTR. Patriot Financial Group Insurance Agency LLC increased its position in Dollar Tree by 1,394.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 269 shares of the company’s stock worth $29,000 after purchasing an additional 251 shares in the last quarter. Berman Capital Advisors LLC grew its stake in shares of Dollar Tree by 52.5% in the first quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock worth $32,000 after purchasing an additional 105 shares during the last quarter. Coastal Investment Advisors Inc. grew its stake in shares of Dollar Tree by 1,515.0% in the second quarter. Coastal Investment Advisors Inc. now owns 323 shares of the company’s stock worth $34,000 after purchasing an additional 303 shares during the last quarter. Bremer Bank National Association bought a new stake in shares of Dollar Tree in the first quarter worth $45,000. Finally, Commonwealth Bank of Australia increased its holdings in Dollar Tree by 39.5% in the second quarter. Commonwealth Bank of Australia now owns 569 shares of the company’s stock valued at $58,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s stock.
Several research analysts recently issued reports on DLTR shares. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research report on Saturday. Deutsche Bank lowered Dollar Tree from a “buy” rating to a “hold” rating and reduced their price target for the company from $106.00 to $99.00 in a research report on Monday, August 5th. Credit Suisse Group set a $110.00 price target on Dollar Tree and gave the company a “buy” rating in a research note on Friday, August 30th. ValuEngine downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research raised Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 price objective on the stock in a research note on Monday, September 2nd. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Dollar Tree presently has an average rating of “Buy” and a consensus price target of $105.21.
Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 29th. The company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.20). The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.72 billion. Dollar Tree had a positive return on equity of 19.76% and a negative net margin of 6.77%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.23 earnings per share for the current fiscal year.
In other news, CFO Kevin S. Wampler sold 20,470 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $109.83, for a total value of $2,248,220.10. Following the completion of the sale, the chief financial officer now directly owns 128,571 shares in the company, valued at approximately $14,120,952.93. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas A. Saunders sold 1,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $112.37, for a total value of $112,370.00. Following the completion of the sale, the director now owns 2,379,315 shares of the company’s stock, valued at $267,363,626.55. The disclosure for this sale can be found here. Insiders sold a total of 58,942 shares of company stock valued at $6,486,822 in the last quarter. 1.40% of the stock is currently owned by company insiders.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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