November 25, 2016 - By Marie Mckinney · 0 Comments
Dollar Tree Inc (NASDAQ:DLTR) institutional sentiment decreased to 1.03 in Q2 2016. Its down -0.06, from 1.09 in 2016Q1. The ratio dived, as 267 funds started new and increased equity positions, while 246 trimmed and sold equity positions in Dollar Tree Inc. The funds in our partner’s database reported: 219.56 million shares, down from 226.99 million shares in 2016Q1. Also, the number of funds holding Dollar Tree Inc in their top 10 equity positions increased from 28 to 35 for an increase of 7. Sold All: 45 Reduced: 201 Increased: 199 New Position: 68.
Dollar Tree, Inc. is an operator of discount variety stores. The company has a market cap of $21.07 billion. The Firm operates approximately 13,851 discount variety retail stores. It has a 26.33 P/E ratio. The Company’s divisions include Dollar Tree and Family Dollar.
The stock increased 0.36% or $0.32 during the last trading session, hitting $89.18. About 1.08M shares traded hands. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 9.77% since April 22, 2016 and is uptrending. It has outperformed by 4.36% the S&P500.
According to Zacks Investment Research, “Dollar Tree Stores, Inc is an operator of discount variety stores offering merchandise at a fixed price point of $1.00 or less. Its stores successfully operate in major metropolitan areas, mid-sized cities and small towns and perform well in a variety of locations. They offer a wide range of quality everyday general merchandise in many categories, including housewares, seasonal goods, candy and food, toys, health and beauty care, gifts, party goods, stationery, books, personal accessories, and other consumer items.”
Banbury Partners Llc holds 8.28% of its portfolio in Dollar Tree, Inc. for 239,538 shares. Covey Capital Advisors Llc owns 152,434 shares or 7.86% of their US portfolio. Moreover, Akre Capital Management Llc has 7.69% invested in the company for 4.19 million shares. The Connecticut-based Conatus Capital Management Lp has invested 7.53% in the stock. Miura Global Management Llc, a New York-based fund reported 700,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 insider buys, and 6 sales for $2.07 million net activity.
Ratings analysis reveals 58% of Dollar Tree Inc.’s analysts are positive. Out of 24 Wall Street analysts rating Dollar Tree Inc., 14 give it “Buy”, 2 “Sell” rating, while 8 recommend “Hold”. The lowest target is $60 while the high is $102. The stock’s average target of $89.47 is 0.33% above today’s ($89.18) share price. DLTR was included in 47 notes of analysts from August 6, 2015. As per Friday, May 27, the company rating was maintained by RBC Capital Markets. Citigroup maintained the shares of DLTR in a report on Wednesday, August 31 with “Neutral” rating. RBC Capital Markets upgraded it to “Top Pick” rating and $90 target price in Friday, December 4 report. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Underweight” rating by Atlantic Securities on Tuesday, September 27. As per Tuesday, May 24, the company rating was initiated by Topeka Capital Markets. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Buy” rating given on Friday, August 26 by UBS. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Tuesday, February 16 report. The firm has “Buy” rating given on Tuesday, February 23 by Buckingham Research. On Monday, February 8 the stock rating was upgraded by Telsey Advisory Group to “Outperform”. Deutsche Bank maintained it with “Buy” rating and $96 target price in Monday, October 10 report.
Dollar Tree, Inc., incorporated on February 22, 2008, is an operator of discount variety stores. The Firm operates approximately 13,851 discount variety retail stores in approximately 48 states and over five Canadian provinces. The Company’s divisions include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing clients with a selection of merchandise in neighborhood stores. The Company’s stores operate under the names of Dollar Tree, Family Dollar, Dollar Tree Canada, Deals and Dollar Tree Deals. The Dollar Tree segment includes its activities under the Dollar Tree, Dollar Tree Canada, Deals and Dollar Tree Deals brands, approximately 10 distribution centers in the United States and over two in Canada, and a Store Support Center in Chesapeake, Virginia. The Family Dollar segment consists of its activities under the Family Dollar brand, over 11 distribution centers and a Store Support Center in Matthews, North Carolina.
Another recent and important Dollar Tree, Inc. (NASDAQ:DLTR) news was published by Reuters.com which published an article titled: “Dollar Tree’s profit beats as Family Dollar purchase pays off” on November 22, 2016.
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By Marie Mckinney