Oakbrook Investments LLC boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 63.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,750 shares of the company’s stock after buying an additional 8,075 shares during the quarter. Oakbrook Investments LLC’s holdings in Dollar Tree were worth $2,369,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in DLTR. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Dollar Tree by 1,394.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 269 shares of the company’s stock valued at $29,000 after purchasing an additional 251 shares in the last quarter. Coastal Investment Advisors Inc. raised its stake in Dollar Tree by 1,515.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 323 shares of the company’s stock worth $34,000 after acquiring an additional 303 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in Dollar Tree by 214.7% during the 2nd quarter. CSat Investment Advisory L.P. now owns 365 shares of the company’s stock worth $39,000 after acquiring an additional 249 shares in the last quarter. Berman Capital Advisors LLC raised its stake in Dollar Tree by 55.4% during the 2nd quarter. Berman Capital Advisors LLC now owns 474 shares of the company’s stock worth $50,000 after acquiring an additional 169 shares in the last quarter. Finally, Lenox Wealth Advisors LLC raised its stake in Dollar Tree by 33.3% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 541 shares of the company’s stock worth $62,000 after acquiring an additional 135 shares in the last quarter. Institutional investors own 94.13% of the company’s stock.
Several brokerages recently commented on DLTR. Zacks Investment Research upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 price target on the stock in a research note on Monday, September 2nd. TheStreet downgraded shares of Dollar Tree from a “b-” rating to a “c+” rating in a research report on Wednesday, July 31st. ValuEngine downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada lowered their price objective on shares of Dollar Tree from $113.00 to $108.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, Buckingham Research set a $116.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Friday, August 23rd. Twelve analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $110.34.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.20). The company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.72 billion. Dollar Tree had a negative net margin of 6.77% and a positive return on equity of 19.76%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.15 earnings per share. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.18 EPS for the current year.
In other Dollar Tree news, COO Thomas O’boyle, Jr. sold 719 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $113.19, for a total transaction of $81,383.61. Following the sale, the chief operating officer now directly owns 111 shares of the company’s stock, valued at $12,564.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Maxwell sold 2,800 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $107.15, for a total transaction of $300,020.00. Following the sale, the insider now directly owns 7,254 shares in the company, valued at $777,266.10. The disclosure for this sale can be found here. Insiders sold 81,519 shares of company stock worth $9,408,464 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.
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.
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