November 30, 2016 - By Winifred Garcia
The Chief Information Officer of Dollar Tree Inc and company’s insider Joshua Jewett made a sale of 6,716 shares of the Virginia-based company based on the avg market share price that is $88.6 per every share. These insider shares had a market value of approximately $594,819 USD. Joshua Jewett right now owns 3,312 shares or 0.00% of the company’s total market capitalization. For complete info of this sale please refer to the (SEC)’s document freely available for review here.
Out of 24 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 14 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 58% are positive. $102 is the highest target while $60 is the lowest. The $89.47 average target is 1.58% above today’s ($88.08) stock price. Dollar Tree Inc. has been the topic of 47 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup with “Neutral” on Monday, June 6. The company was upgraded on Monday, February 8 by Telsey Advisory Group. Johnson Rice upgraded Dollar Tree, Inc. (NASDAQ:DLTR) on Tuesday, November 15 to “Accumulate” rating. On Friday, May 27 the stock rating was maintained by UBS with “Buy”. On Wednesday, January 27 the stock rating was initiated by Cleveland with “Buy”. The company was maintained on Friday, May 27 by Telsey Advisory Group. Bank of America upgraded Dollar Tree, Inc. (NASDAQ:DLTR) on Friday, September 4 to “Buy” rating. The company was initiated on Thursday, October 13 by KeyBanc Capital Markets. The firm has “Buy” rating given on Wednesday, September 2 by Cantor Fitzgerald. As per Friday, December 4, the company rating was upgraded by RBC Capital Markets.
Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.06, from 1.09 in 2016Q1. The ratio turned negative, as 45 funds sold all Dollar Tree, Inc. shares owned while 201 reduced positions. 68 funds bought stakes while 199 increased positions. They now own 219.56 million shares or 3.27% less from 226.99 million shares in 2016Q1.
Kirr Marbach Company Limited Liability Company In holds 196,839 shares or 3.98% of its portfolio. Nebula Management Lp, a Connecticut-based fund reported 6,135 shares. Dynamic Mngmt Limited owns 152,774 shares or 1.69% of their US portfolio. The Florida-based Ifc Holding Inc Fl has invested 0.07% in Dollar Tree, Inc. (NASDAQ:DLTR). Regentatlantic Cap Lc holds 0.87% or 95,290 shares in its portfolio. Mizuho Asset Mngmt Coltd last reported 3,176 shares in the company. The Connecticut-based Euclid Limited Liability Com has invested 0.22% in Dollar Tree, Inc. (NASDAQ:DLTR). The New York-based Riverpark Limited Com has invested 3.49% in Dollar Tree, Inc. (NASDAQ:DLTR). Mirador Cap L P owns 3,456 shares or 0.33% of their US portfolio. Westend Ltd Com holds 0.01% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 1.00 million shares. Gamble Jones Invest Counsel last reported 100,633 shares in the company. Keybank National Association Oh has invested 0.02% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). Bnp Paribas Invest Ptnrs Sa holds 0.05% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 60,224 shares. Teacher Retirement Systems Of Texas last reported 0.01% of its portfolio in the stock. Fire Grp Inc Inc last reported 0.23% of its portfolio in the stock.
Insider Transactions: Since May 31, 2016, the stock had 3 insider buys, and 2 selling transactions for $3,526 net activity. Hall Conrad M. also bought $428,000 worth of Dollar Tree, Inc. (NASDAQ:DLTR) on Monday, August 29. Old William A. JR also sold $235,440 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares. Shares for $450,135 were sold by Witynski Michael A. The insider Matacunas Mike R. sold 2,974 shares worth $269,154. Sullivan Barry W sold $203,776 worth of stock. Lewis Lemuel E bought $124,950 worth of stock. Shares for $477,500 were sold by SAUNDERS THOMAS A on Monday, July 11.
About 1.91M shares traded hands. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 9.26% since April 27, 2016 and is uptrending. It has outperformed by 4.03% the S&P500.
Dollar Tree, Inc. is an operator of discount variety stores. The company has a market cap of $20.79 billion. The Firm operates approximately 13,851 discount variety retail stores. It has a 26.01 P/E ratio. The Company’s divisions include Dollar Tree and Family Dollar.
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.”
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.
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.
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