Virtu Financial LLC Buys New Stake in Dollar Tree, Inc. (NASDAQ:DLTR)
Virtu Financial LLC bought a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,959 shares of the company’s stock, valued at approximately $1,605,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of Dollar Tree by 66.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,493 shares of the company’s stock valued at $912,000 after acquiring an additional 3,390 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Dollar Tree by 7.8% in the 4th quarter. UBS Asset Management Americas Inc. now owns 698,676 shares of the company’s stock worth $74,975,000 after buying an additional 50,693 shares during the period. BlackRock Inc. boosted its holdings in Dollar Tree by 1.0% in the 4th quarter. BlackRock Inc. now owns 14,337,696 shares of the company’s stock worth $1,538,577,000 after buying an additional 142,633 shares during the period. Rhumbline Advisers boosted its holdings in Dollar Tree by 0.3% in the 4th quarter. Rhumbline Advisers now owns 444,639 shares of the company’s stock worth $47,714,000 after buying an additional 1,348 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Dollar Tree by 574.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 101,283 shares of the company’s stock worth $10,869,000 after buying an additional 86,272 shares during the period. 90.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at $94.16 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. The firm has a market cap of $22,330.00, a price-to-earnings ratio of 13.06, a PEG ratio of 1.22 and a beta of 0.80. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $116.65.
DLTR has been the subject of several analyst reports. BidaskClub downgraded shares of Dollar Tree from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $138.00 price objective (up from $132.00) on shares of Dollar Tree in a report on Tuesday, January 23rd. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Thursday, January 4th. Jefferies Group reaffirmed a “neutral” rating on shares of Dollar Tree in a report on Wednesday, March 7th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $101.00 price objective (down from $112.00) on shares of Dollar Tree in a report on Thursday, March 8th. Twelve equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $106.08.
In related news, Director Conrad M. Hall acquired 10,000 shares of the stock in a transaction dated Friday, March 9th. The shares were purchased at an average price of $91.83 per share, for a total transaction of $918,300.00. Following the transaction, the director now owns 799 shares in the company, valued at approximately $73,372.17. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.10% of the company’s stock.
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.
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