Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 910.0% during the 1st quarter, HoldingsChannel reports. The fund owned 1,010 shares of the company’s stock after purchasing an additional 910 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd.’s holdings in Dollar Tree were worth $106,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Executive Wealth Management LLC purchased a new stake in shares of Dollar Tree during the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust raised its holdings in shares of Dollar Tree by 47.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock worth $32,000 after acquiring an additional 97 shares in the last quarter. Berman Capital Advisors LLC raised its holdings in shares of Dollar Tree by 52.5% during the 1st quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock worth $32,000 after acquiring an additional 105 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of Dollar Tree during the 4th quarter worth approximately $31,000. Finally, Riverview Trust Co purchased a new stake in Dollar Tree during the 4th quarter valued at $32,000. 94.58% of the stock is currently owned by institutional investors and hedge funds.
In other Dollar Tree news, Director Lemuel E. Lewis acquired 1,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average price of $99.98 per share, with a total value of $99,980.00. Following the transaction, the director now directly owns 21,114 shares of the company’s stock, valued at approximately $2,110,977.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary M. Philbin sold 9,614 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 84,665 shares in the company, valued at approximately $9,313,150. The disclosure for this sale can be found here. Insiders sold a total of 50,248 shares of company stock worth $5,221,707 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.14. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.78 billion. Dollar Tree had a positive return on equity of 19.13% and a negative net margin of 6.43%. Dollar Tree’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 EPS. As a group, research analysts anticipate that Dollar Tree, Inc. will post 5.2 earnings per share for the current year.
Several analysts recently weighed in on DLTR shares. Raymond James set a $107.00 price target on Dollar Tree and gave the company a “buy” rating in a report on Tuesday, February 26th. BidaskClub lowered Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Telsey Advisory Group restated a “market perform” rating and set a $103.00 price target (up previously from $90.00) on shares of Dollar Tree in a report on Thursday, March 7th. Piper Jaffray Companies increased their price target on Dollar Tree to $113.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Finally, Credit Suisse Group increased their price target on Dollar Tree from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $103.72.
Dollar Tree Company 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.
Further Reading: Equal Weight Rating
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