First Hawaiian Bank Trims Stake in Dollar Tree, Inc. (DLTR)

First Hawaiian Bank cut its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 40.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,280 shares of the company’s stock after selling 7,668 shares during the quarter. First Hawaiian Bank’s holdings in Dollar Tree were worth $1,185,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Graves Light Private Wealth Management Inc. purchased a new stake in Dollar Tree during the 4th quarter valued at $233,000. Bank of Montreal Can raised its stake in Dollar Tree by 19.3% during the 4th quarter. Bank of Montreal Can now owns 312,809 shares of the company’s stock valued at $28,254,000 after buying an additional 50,536 shares during the last quarter. Huntington National Bank raised its stake in Dollar Tree by 38.3% during the 4th quarter. Huntington National Bank now owns 201,431 shares of the company’s stock valued at $18,193,000 after buying an additional 55,831 shares during the last quarter. Clean Yield Group purchased a new stake in Dollar Tree during the 4th quarter valued at $45,000. Finally, United Services Automobile Association raised its stake in Dollar Tree by 0.8% during the 3rd quarter. United Services Automobile Association now owns 142,143 shares of the company’s stock valued at $11,592,000 after buying an additional 1,143 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

In other Dollar Tree news, Director Arnold S. Barron sold 11,667 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $101.61, for a total transaction of $1,185,483.87. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $1,524,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary M. Philbin sold 9,614 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $110.00, for a total transaction of $1,057,540.00. Following the transaction, the chief executive officer now directly owns 84,665 shares of the company’s stock, valued at approximately $9,313,150. The disclosure for this sale can be found here. Insiders sold a total of 43,561 shares of company stock valued at $4,537,642 in the last quarter. 1.50% of the stock is currently owned by company insiders.

A number of brokerages have weighed in on DLTR. BMO Capital Markets set a $105.00 target price on shares of Dollar Tree and gave the company a “buy” rating in a research note on Thursday, March 7th. ValuEngine upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Telsey Advisory Group restated a “market perform” rating and issued a $103.00 price objective (up from $90.00) on shares of Dollar Tree in a research note on Thursday, March 7th. Gordon Haskett upgraded Dollar Tree from a “hold” rating to an “accumulate” rating and set a $110.00 price objective for the company in a research note on Monday, January 7th. Finally, FIX lowered Dollar Tree from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 10th. Twelve analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $102.28.

DLTR stock traded down $0.82 during trading on Friday, reaching $109.94. The company’s stock had a trading volume of 980,851 shares, compared to its average volume of 2,328,911. Dollar Tree, Inc. has a 1 year low of $78.78 and a 1 year high of $111.53. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.36 and a current ratio of 2.05. The firm has a market capitalization of $26.22 billion, a PE ratio of 20.17, a PEG ratio of 2.13 and a beta of 0.43.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.01. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The business had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the prior year, the business posted $1.89 EPS. Dollar Tree’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, sell-side analysts forecast that Dollar Tree, Inc. will post 5.23 EPS for the current fiscal year.

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

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