Victory Capital Management Inc. Has $74.65 Million Position in Dollar Tree, Inc. (DLTR)

Victory Capital Management Inc. Has $74.65 Million Position in Dollar Tree, Inc. (DLTR)

Several other hedge funds also recently modified their holdings of DLTR. Independent Portfolio Consultants Inc. increased its stake in shares of Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Dollar Tree during the third quarter worth about $134,000. Quadrant Capital Group LLC increased its stake in shares of Dollar Tree by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 1,769 shares of the company’s stock worth $134,000 after buying an additional 134 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Dollar Tree during the first quarter worth about $150,000. Finally, YorkBridge Wealth Partners LLC increased its stake in shares of Dollar Tree by 3.7% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,841 shares of the company’s stock worth $150,000 after buying an additional 66 shares during the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Victory Capital Management Inc. cut its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 20.2% during the first quarter, Holdings Channel reports. The firm owned 951,408 shares of the company’s stock after selling 240,550 shares during the period. Victory Capital Management Inc.’s holdings in Dollar Tree were worth $74,648,000 as of its most recent SEC filing.

Dollar Tree, Inc. (NASDAQ:DLTR) opened at 77.70 on Thursday. Dollar Tree, Inc. has a one year low of $72.55 and a one year high of $99.93. The company’s 50-day moving average price is $79.98 and its 200-day moving average price is $79.46. The stock has a market capitalization of $18.39 billion, a PE ratio of 21.29 and a beta of 0.62.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, May 25th. The company reported $0.98 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.98. The business had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Dollar Tree had a return on equity of 17.15% and a net margin of 3.93%. Dollar Tree’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. Equities research analysts predict that Dollar Tree, Inc. will post $4.47 EPS for the current year.

A number of analysts recently issued reports on DLTR shares. Credit Suisse Group AG raised Dollar Tree from an “underperform” rating to a “neutral” rating and set a $73.00 price objective for the company in a research report on Thursday, March 23rd. Deutsche Bank AG reissued a “buy” rating and set a $95.00 price objective on shares of Dollar Tree in a research report on Thursday, April 6th. Royal Bank of Canada set a $95.00 price objective on Dollar Tree and gave the stock a “buy” rating in a research report on Monday, April 3rd. Atlantic Securities raised Dollar Tree from an “underweight” rating to a “neutral” rating in a research report on Tuesday, April 4th. They noted that the move was a valuation call. Finally, Johnson Rice raised Dollar Tree from an “accumulate” rating to a “buy” rating in a research report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $86.64.

In other news, insider Mike R. Matacunas sold 6,756 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $76.81, for a total value of $518,928.36. Following the completion of the sale, the insider now owns 8,088 shares of the company’s stock, valued at $621,239.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert H. Rudman sold 2,616 shares of the firm’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $73.39, for a total value of $191,988.24. Following the completion of the sale, the insider now directly owns 4,998 shares of the company’s stock, valued at approximately $366,803.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,040 shares of company stock valued at $4,868,165. 4.10% of the stock is currently owned by insiders.

About Dollar Tree

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:DLTR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR).

Related posts

Leave a Comment