Economy

Dollar Tree Promotes New CEO As Sasser Moves To Board

DLTR stock was up slightly as of noon Monday. Moreover, Amp Limited has 0.05% invested in Dollar Tree, Inc. Darsana Capital Partners LP's holdings in Dollar Tree were worth $152,431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company.

Shares of Dollar Tree, Inc. BlueMountain Capital Management LLC grew its position in shares of Dollar Tree by 119.0% in the 2nd quarter. CIBC World Markets Inc.'s holdings in Dollar Tree were worth $3,165,000 at the end of the most recent quarter. FNY Managed Accounts LLC bought a new stake in shares of Dollar Tree in the 1st quarter valued at about $124,000. The portion of a company's profit allocated to each outstanding share of common stock was $3.91 a share in the trailing twelve months. Finally, Ballentine Partners LLC increased its position in shares of Dollar Tree by 15.9% in the third quarter. FMR LLC now owns 17,309,462 shares of the company's stock worth $1,210,277,000 after acquiring an additional 5,724,495 shares in the last quarter. The fund owned 45,259 shares of the company's stock after selling 21,852 shares during the period. Comml Bank Of Hawaii stated it has 0.14% in Dollar Tree, Inc.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 24th. About 5.43M shares traded or 53.39% up from the average. The last stock close price is down 9.80% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. The company has market cap of $19.77 billion. Vanguard Group Inc. grew its stake in Dollar Tree by 3.2% in the 2nd quarter. 217.48 million shares or 0.69% less from 218.99 million shares in 2016Q3 were reported. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. Revenue this year is projected to surpass $22 billion, and the planned executive shakeup comes on the heels of a healthy second quarter: Q2 net sales rose 5.7% to $5.28 billion and the company raised its guidance for the year, suggesting that Dollar Tree is shrugging off increased price competition from Walmart. Analysts anticipate that Dollar Tree, Inc. will post $4.66 EPS for the current fiscal year.

A number of other hedge funds have also recently bought and sold shares of the stock. On Friday, June 30 the stock rating was maintained by RBC Capital Markets with "Buy". Telsey Advisory Group maintained the shares of DLTR in report on Friday, May 27 with "Outperform" rating. The Family Dollar segment consists of its operations under the Family Dollar brand, 11 distribution centers and a Store Support Center in Matthews, North Carolina. Loop Capital restated a "buy" rating and set a $86.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. On Monday, August 28 the stock rating was upgraded by Bernstein to "Market Perform". Credit Suisse maintained it with "Underperform" rating and $70 target in Wednesday, March 2 report. The stock was sold at an average price of $84.54, for a total transaction of $841,173.00. Following the completion of the transaction, the insider now owns 6,063 shares of the company's stock, valued at $536,999.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.10% of the company's stock. Sawgrass Asset Mngmt Ltd Co has 2.61% invested in Dollar Tree, Inc. As of December 31, 2016, the Company's portfolio consisted of 122 properties, including 101 retail properties and five non-retail properties totaling approximately 12.8 million square feet of gross leasable area (GLA), 10 development or redevelopment properties with approximately 2.3 million square feet of GLA, and six land parcels. The Company's segments include Dollar Tree and Family Dollar. The Business's stores operate under the names of Dollar Tree, Family Dollar and Dollar Tree Canada. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.



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