Bank of Hawaii Sells 741 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Bank of Hawaii trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,352 shares of the company’s stock after selling 741 shares during the quarter. Bank of Hawaii’s holdings in Dollar Tree were worth $2,070,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hanseatic Management Services Inc. bought a new position in Dollar Tree during the 1st quarter worth about $444,000. Hennessy Advisors Inc. bought a new position in Dollar Tree during the 1st quarter worth about $3,559,000. Daiwa Securities Group Inc. boosted its holdings in shares of Dollar Tree by 11.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,883 shares of the company’s stock valued at $748,000 after buying an additional 826 shares in the last quarter. Dupont Capital Management Corp boosted 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 valued at $155,000 after buying an additional 710 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Dollar Tree by 29.9% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 12,901 shares of the company’s stock valued at $1,224,000 after buying an additional 2,969 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

DLTR traded up $0.73 during trading on Friday, reaching $80.51. 7,458,000 shares of the company’s stock were exchanged, compared to its average volume of 3,034,862. Dollar Tree, Inc. has a 1 year low of $78.32 and a 1 year high of $116.65. The company has a current ratio of 2.11, a quick ratio of 0.41 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $22.20 billion, a PE ratio of 16.57, a P/E/G ratio of 1.12 and a beta of 0.84.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly 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 return on equity of 18.23% and a net margin of 7.44%. The business had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. analysts predict that Dollar Tree, Inc. will post 5.55 EPS for the current fiscal year.

A number of research firms have recently weighed in on DLTR. Zacks Investment Research cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley lowered their price target on shares of Dollar Tree from $101.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday. UBS Group lowered their price target on shares of Dollar Tree from $113.00 to $102.00 and set a “buy” rating on the stock in a report on Friday. Credit Suisse Group upgraded shares of Dollar Tree to a “buy” rating and set a $96.00 price target on the stock in a report on Thursday. Finally, Deutsche Bank lowered their price target on shares of Dollar Tree from $112.00 to $94.00 and set a “buy” rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $102.87.

In other Dollar Tree news, Director Thomas E. Whiddon purchased 2,250 shares of Dollar Tree stock in a transaction on Monday, June 18th. The stock was bought at an average cost of $88.78 per share, with a total value of $199,755.00. Following the transaction, the director now owns 26,121 shares of the company’s stock, valued at approximately $2,319,022.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lemuel E. Lewis purchased 2,500 shares of Dollar Tree stock in a transaction on Monday, June 4th. The shares were acquired at an average cost of $80.44 per share, with a total value of $201,100.00. Following the completion of the transaction, the director now directly owns 17,654 shares in the company, valued at approximately $1,420,087.76. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

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.

Featured Story: Asset Allocation

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

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply