Pekin Hardy Strauss Inc. bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 74,441 shares of the company’s stock, valued at approximately $5,235,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DLTR. Citigroup Inc. lifted its position in Dollar Tree by 30.3% in the third quarter. Citigroup Inc. now owns 449,763 shares of the company’s stock worth $31,627,000 after purchasing an additional 104,684 shares during the period. Raymond James Trust N.A. raised its stake in shares of Dollar Tree by 66.3% in the 3rd quarter. Raymond James Trust N.A. now owns 8,309 shares of the company’s stock worth $584,000 after buying an additional 3,313 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Dollar Tree by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock valued at $88,141,000 after buying an additional 10,681 shares during the period. Primecap Management Co. CA boosted its stake in Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after buying an additional 158,385 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in Dollar Tree by 68.5% during the third quarter. Intech Investment Management LLC now owns 257,138 shares of the company’s stock worth $18,082,000 after acquiring an additional 104,508 shares during the period. Institutional investors own 97.40% of the company’s stock.
Insider Activity
In related news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This represents a 28.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.80% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Dollar Tree
Dollar Tree Trading Up 1.0 %
Dollar Tree stock opened at $66.40 on Friday. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of -13.61, a price-to-earnings-growth ratio of 2.60 and a beta of 0.87. The business has a 50 day moving average price of $67.75 and a two-hundred day moving average price of $90.26. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.35 EPS for the current year.
Dollar Tree Company Profile
Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.
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