Gulf International Bank UK Ltd Grows Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Gulf International Bank UK Ltd raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,254 shares of the company’s stock after acquiring an additional 680 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Dollar Tree were worth $6,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. grew its holdings in Dollar Tree by 26.0% in the fourth quarter. BlackRock Inc. now owns 18,317,336 shares of the company’s stock valued at $1,654,421,000 after purchasing an additional 3,781,225 shares during the period. Macquarie Group Ltd. grew its holdings in Dollar Tree by 15.4% in the fourth quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock valued at $881,404,000 after purchasing an additional 1,303,200 shares during the period. Boston Partners grew its holdings in Dollar Tree by 4.9% in the fourth quarter. Boston Partners now owns 3,755,582 shares of the company’s stock valued at $339,204,000 after purchasing an additional 175,027 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Dollar Tree by 50.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,330,523 shares of the company’s stock valued at $300,813,000 after buying an additional 1,120,760 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Dollar Tree by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 3,194,952 shares of the company’s stock valued at $288,077,000 after buying an additional 245,852 shares in the last quarter. Hedge funds and other institutional investors own 94.77% of the company’s stock.

DLTR has been the topic of a number of recent research reports. Credit Suisse Group lifted their price target on shares of Dollar Tree from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. BidaskClub cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Gordon Haskett raised shares of Dollar Tree from an “accumulate” rating to a “buy” rating and set a $102.07 price target on the stock in a research report on Thursday, March 21st. ValuEngine cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Jefferies Financial Group lifted their price target on shares of Dollar Tree from $94.00 to $100.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Dollar Tree presently has an average rating of “Buy” and a consensus target price of $102.89.

In related news, CEO Gary M. Philbin sold 9,614 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $110.00, for a total value of $1,057,540.00. Following the completion of the sale, the chief executive officer now owns 84,665 shares of the company’s stock, valued at $9,313,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William A. Old, Jr. sold 6,580 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $102.75, for a total transaction of $676,095.00. Following the completion of the sale, the insider now directly owns 8,960 shares of the company’s stock, valued at approximately $920,640. The disclosure for this sale can be found here. Insiders have sold 43,561 shares of company stock valued at $4,537,642 in the last 90 days. Insiders own 1.50% of the company’s stock.

DLTR stock traded down $1.62 during trading on Friday, hitting $104.02. 2,161,713 shares of the company’s stock traded hands, compared to its average volume of 1,524,550. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36. Dollar Tree, Inc. has a 52 week low of $78.78 and a 52 week high of $111.61. The firm has a market cap of $25.20 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.06 and a beta of 0.44.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.01. Dollar Tree had a negative net margin of 6.97% and a positive return on equity of 18.21%. The firm had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, analysts expect 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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