Quantitative Systematic Strategies LLC lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 49.5% in the 1st quarter, Holdings Channel reports. The firm owned 9,506 shares of the company’s stock after selling 9,308 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Dollar Tree were worth $999,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Executive Wealth Management LLC bought a new position in Dollar Tree during the fourth quarter valued at about $26,000. Capital Investment Advisory Services LLC bought a new position in Dollar Tree during the fourth quarter valued at about $31,000. Riverview Trust Co bought a new position in Dollar Tree during the fourth quarter valued at about $32,000. Rehmann Capital Advisory Group increased its stake in Dollar Tree by 131.5% during the fourth quarter. Rehmann Capital Advisory Group now owns 382 shares of the company’s stock valued at $35,000 after acquiring an additional 217 shares during the period. Finally, Resources Investment Advisors Inc. increased its stake in Dollar Tree by 92.5% during the fourth quarter. Resources Investment Advisors Inc. now owns 385 shares of the company’s stock valued at $35,000 after acquiring an additional 185 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.
In other news, COO Michael A. Witynski sold 6,380 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $102.83, for a total value of $656,055.40. Following the transaction, the chief operating officer now directly owns 12,381 shares in the company, valued at approximately $1,273,138.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert H. Rudman sold 5,110 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $104.43, for a total value of $533,637.30. The disclosure for this sale can be found here. Insiders sold a total of 33,947 shares of company stock worth $3,480,102 over the last quarter. Corporate insiders own 1.50% of the company’s stock.
Shares of DLTR opened at $106.31 on Wednesday. The firm has a market capitalization of $25.44 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.08 and a beta of 0.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.36 and a current ratio of 2.05. Dollar Tree, Inc. has a 52 week low of $78.78 and a 52 week high of $107.59.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $1.93 EPS for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.01. The firm had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.19 billion. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.89 EPS. Analysts forecast that Dollar Tree, Inc. will post 5.23 EPS for the current year.
DLTR has been the topic of several research reports. BidaskClub upgraded Dollar Tree from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 4th. Oppenheimer lowered Dollar Tree from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $92.00 to $104.00 in a research note on Thursday, January 10th. BMO Capital Markets initiated coverage on Dollar Tree in a research note on Thursday, January 10th. They issued a “market perform” rating on the stock. Raymond James set a $107.00 price objective on Dollar Tree and gave the company a “buy” rating in a research note on Tuesday, February 26th. Finally, ValuEngine cut Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Thirteen analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $101.37.
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: Convertible Shares
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