Sentry Investment Management LLC cut its holdings in shares of Dollar Tree (NASDAQ:DLTR) by 42.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,403 shares of the company’s stock after selling 7,645 shares during the quarter. Sentry Investment Management LLC’s holdings in Dollar Tree were worth $987,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Exane Derivatives purchased a new position in shares of Dollar Tree in the 4th quarter worth about $104,000. Cerebellum GP LLC purchased a new position in shares of Dollar Tree in the 4th quarter worth about $127,000. FTB Advisors Inc. raised its holdings in shares of Dollar Tree by 249.2% in the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after purchasing an additional 992 shares during the period. Dupont Capital Management Corp raised its holdings in shares of Dollar Tree by 77.0% in the 1st quarter. Dupont Capital Management Corp now owns 1,632 shares of the company’s stock worth $155,000 after purchasing an additional 710 shares during the period. Finally, First Personal Financial Services purchased a new position in shares of Dollar Tree in the 4th quarter worth about $165,000. Hedge funds and other institutional investors own 90.68% of the company’s stock.
In other Dollar Tree news, insider Robert H. Rudman sold 2,764 shares of the firm’s stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $93.70, for a total transaction of $258,986.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert H. Rudman sold 6,074 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $93.95, for a total value of $570,652.30. Following the sale, the insider now owns 11,170 shares of the company’s stock, valued at approximately $1,049,421.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,861 shares of company stock valued at $1,398,752. 1.50% of the stock is owned by insiders.
Shares of NASDAQ DLTR opened at $92.80 on Tuesday. Dollar Tree has a fifty-two week low of $65.63 and a fifty-two week high of $116.65. The company has a quick ratio of 0.49, a current ratio of 1.60 and a debt-to-equity ratio of 0.66. The company has a market cap of $22.22 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 1.12 and a beta of 0.83.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same quarter last year, the business earned $1.36 EPS. Dollar Tree’s revenue for the quarter was up 12.9% compared to the same quarter last year. equities analysts expect that Dollar Tree will post 5.66 earnings per share for the current fiscal year.
DLTR has been the topic of a number of research reports. Piper Jaffray upgraded Dollar Tree from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $91.95 to $109.64 in a report on Monday, March 26th. Wells Fargo restated an “outperform” rating and issued a $138.00 price objective (up from $132.00) on shares of Dollar Tree in a report on Tuesday, January 16th. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 price objective on the stock in a report on Tuesday, January 16th. Guggenheim initiated coverage on Dollar Tree in a report on Wednesday, January 10th. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Loop Capital raised their price objective on Dollar Tree from $94.00 to $100.00 and gave the stock a “hold” rating in a report on Monday, February 12th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $109.83.
About Dollar Tree
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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