Callahan Advisors LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,375 shares of the company’s stock, valued at approximately $1,580,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Dollar Tree by 3.2% during the second quarter. FMR LLC now owns 19,156,070 shares of the company’s stock worth $1,628,266,000 after acquiring an additional 600,688 shares during the last quarter. BlackRock Inc. raised its position in shares of Dollar Tree by 0.4% during the second quarter. BlackRock Inc. now owns 14,726,245 shares of the company’s stock worth $1,251,728,000 after acquiring an additional 64,736 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Dollar Tree by 12.4% during the second quarter. Macquarie Group Ltd. now owns 7,717,972 shares of the company’s stock worth $656,029,000 after acquiring an additional 852,139 shares during the last quarter. Akre Capital Management LLC raised its position in shares of Dollar Tree by 4.0% during the second quarter. Akre Capital Management LLC now owns 5,032,556 shares of the company’s stock worth $427,767,000 after acquiring an additional 195,691 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Dollar Tree by 0.4% during the first quarter. Principal Financial Group Inc. now owns 4,115,126 shares of the company’s stock worth $390,525,000 after acquiring an additional 16,447 shares during the last quarter. Institutional investors own 91.23% of the company’s stock.
In other Dollar Tree news, Director Lemuel E. Lewis bought 1,210 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was purchased at an average cost of $82.75 per share, with a total value of $100,127.50. Following the completion of the purchase, the director now owns 20,114 shares in the company, valued at $1,664,433.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.
NASDAQ:DLTR opened at $86.10 on Wednesday. Dollar Tree, Inc. has a 1 year low of $78.78 and a 1 year high of $116.65. The company has a quick ratio of 0.52, a current ratio of 2.24 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $20.26 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.09 and a beta of 0.62.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.01). Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The business had revenue of $5.53 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 5.5 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the company. ValuEngine upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Barclays set a $84.00 price objective on Dollar Tree and gave the stock a “hold” rating in a research note on Thursday, September 27th. Credit Suisse Group raised Dollar Tree to a “buy” rating and set a $96.00 price objective for the company in a research note on Thursday, August 30th. Finally, Raymond James decreased their price objective on Dollar Tree from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, August 31st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $101.47.
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Dollar Tree Profile
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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