Dollar Tree, Inc. (DLTR) Stake Lowered by Oxford Asset Management
- Author: Zachary Reyes May 25, 2017,
May 25, 2017, 22:23
Looking ahead, DLTR forecast Q2 EPS of $0.80 to $0.88, below the $0.90 that analysts are looking for. (NASDAQ:DLTR). Korea Invest Corporation holds 0.04% or 117,128 shares in its portfolio.
Adjusting for the current quarter's receivable impairment charge and the prior year quarter's one-time tax benefit, Dollar Tree's diluted earnings per share improved 10.1% to an adjusted $0.98, compared to an adjusted $0.89 from the prior year quarter.
"I am extremely pleased with the first quarter performance of our Dollar Tree banner and with the continued progress in re-building the Family Dollar business", stated Bob Sasser, CEO. Montag & Caldwell LLC now owns 2,458,967 shares of the company's stock valued at $194,086,000 after buying an additional 456,452 shares during the last quarter. Huntington National Bank now owns 8,192 shares of the company's stock worth $647,000 after buying an additional 45 shares during the last quarter. For the quarter, shares have been noted at -11.15%.
COPYRIGHT VIOLATION WARNING: "Dollar Tree, Inc". (NASDAQ:DLTR) is a huge mover today! The firm has a 50-day moving average of $79.82 and a 200-day moving average of $79.39. Dollar Tree also was the recipient of some unusual options trading on Wednesday. Traders bought 8,347 put options on the company. This is an increase of 366% compared to the average volume of 1,791 put options. "(DLTR) Issues Quarterly Earnings Results" was originally reported by Sports Perspectives and is owned by of Sports Perspectives. The firm had revenue of $5.64 billion during the quarter, compared to analysts' expectations of $5.62 billion. This was up from $5.09 billion past year. Similarly, the company's last 5 years high P/E ratio is 64.36 and low P/E is 14.95, whereas, the industry's and sector's high P/E for the past year is 34.02 and 32.05 respectively and low P/E ratio for the last 5 years is 17.07 for the industry and 14.64 for the Sector. (NASDAQ:DLTR) news were published by: Gurufocus.com which released: "Weitz Funds' Analyst Corner: A Perspective on Dollar Tree Inc." on May 18, 2017, also Nasdaq.com with their article: "Wallace Weitz Buys Dollar Tree Inc, Guidewire Software Inc, Compass Minerals ..." published on May 15, 2017, Stockhouse.com published: "Investor Network: Dollar Tree, Inc.to Host Earnings Call" on May 25, 2017.
Shellback Capital Lp, which manages about $423.03M and $981.12M US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 201,044 shares to 88,956 shares, valued at $10.23 million in 2016Q4, according to the filing. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of worldwide copyright legislation. The correct version of this piece can be read at https://www.themarketsdaily.com/2017/05/25/dollar-tree-inc-dltr-position-raised-by-south-state-corp.html.
Several large investors have recently modified their holdings of DLTR. UBS maintained the shares of DLTR in report on Friday, May 27 with "Buy" rating. Royal Bank of Canada set a $95.00 price objective on Dollar Tree and gave the company a "buy" rating in a report on Monday, April 3rd. Finally, Zacks Investment Research cut shares of Dollar Tree from a "buy" rating to a "hold" rating in a report on Tuesday, February 28th. Finally, Atlantic Securities upgraded shares of Dollar Tree from an "underweight" rating to a "neutral" rating in a report on Tuesday, April 4th. Johnson Rice raised shares of Dollar Tree from an "accumulate" rating to a "buy" rating in a research report on Monday, April 24th.
The company's consensus rating is now Hold, with 8 analysts rating it a Strong Buy, and 9 analysts rating it with a Hold. The stock presently has an average rating of "Hold" and a consensus target price of $86.62. The shares were sold at an average price of $73.39, for a total value of $191,988.24. Following the completion of the transaction, the chief executive officer now owns 65,070 shares in the company, valued at $5,140,530. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Raymond James downgraded the shares of DLTR in report on Wednesday, March 2 to "Market Perform" rating. Css Ltd Liability Corp Il owns 0.02% invested in Royce Value Trust Inc (NYSE:RVT) for 27,211 shares. The disclosure for this sale can be found here. Insiders sold a total of 62,040 shares of company stock worth $4,868,165 in the last three months. Institutional investors own 93.78% of the company's stock.