Published: Thu, March 08, 2018
Economy | By

Arizona State Retirement System Buys 2723 Shares of Dollar Tree, Inc. (DLTR)

Arizona State Retirement System Buys 2723 Shares of Dollar Tree, Inc. (DLTR)

They set a positive rating on the stock. Twelve equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Buckingham Research maintained it with "Buy" rating and $111 target in Monday, November 20 report. UBS Group reiterated a "buy" rating and set a $106.00 price objective (up from $100.00) on shares of Dollar Tree in a research note on Tuesday, November 14th. They issued an outperform rating and a $130.00 price objective for the company. Out of the covering analysts polled by Zacks Research, 9 have put a Strong Buy or Buy rating on the stock. Dollar Tree presently has an average rating of Buy and an average target price of $105.92. (NASDAQ:DLTR). Art Advsrs Limited Company stated it has 0.11% of its portfolio in Dollar Tree, Inc. A stock with a beta of "0" indicates that its price is not correlated with the market. Dollar Tree has a 1-year low of $65.63 and a 1-year high of $116.65. The biggest holder now is Mr. Thomas A. Saunders, III who owns 2,399,397 shares (1.01% of those outstanding), whilst Macon F. Brock, Jr holds 980,799 (0.41% of shares outstanding) and J. Douglas Perry holds 315,757 (0.13% of shares outstanding). The institutional investor held 351,722 shares of the consumer services company at the end of 2017Q3, valued at $30.54M, up from 153,610 at the end of the previous reported quarter. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%.

Dollar Tree, Inc. also reported revenue of $6.36 billion for the fourth quarter of the year.

According to 29 stock analysts, NetApp, Inc., is being kept at an average Outperform, rating, with at least 2.58% of shares outstanding that are now legally short sold. Before today's report, our consensus estimate was calling for revenues of $5.6 billion in the quarter. Dollar Tree makes up 4.4% of Sunriver Management LLC's portfolio, making the stock its 12th largest holding. The share last price represents downtick move of -10.54% in value from company's 52-Week high price and shows 59.01% above change in value from its 52-Week low price. Following the transaction, the director now owns 2,326,702 shares of the company's stock, valued at approximately $251,632,821.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. It fall, as 45 investors sold DLTR shares while 191 reduced holdings.

Dollar Tree also said it expects net sales for the first quarter of 2018 to range from $5.53 billion to $5.63 billion, based on a low single-digit increase in same-store sales. Dollar Tree now expects net sales in the range of $22.70 billion to $23.12 billion for fiscal 2018, with adjusted earnings expected to come in at $5.25 to $5.60 per share. Arizona State Retirement System's holdings in Dollar Tree were worth $9,172,000 as of its most recent filing with the SEC. Quarterly revenues were up almost 13% on a year-over-year basis, but investors were clearly disappointed by the company's top-line performance. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & worldwide copyright and trademark law. Dollar Tree Inc now has $24.74B valuation. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. "For the quarter, we posted positive same-store sales in our Dollar Tree and Family Dollar banners, while improving gross margin and leveraging costs".

By segment, comps were up 3.4% for Dollar Tree and 0.4% for Family Dollar.

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