Dollar Tree, Inc. (NASDAQ:DLTR) Experiences Lighter than Average Trading Volume


Dollar Tree, Inc. shares had a trading volume of 1,919K by the end of trading on Friday. Volume was down 38.18% under the stocks average daily volume.

Dollar Tree, Inc. (NASDAQ:DLTR) has been the object of insider buying activity recently. Director Lemuel E. Lewis disclosed the purchase of 1,900 shares. The shares were purchased at an average price of $66.70. Lewis now owns $1,094,147 of the stock according to the SEC filing. Lemuel E. Lewis, Director purchased $248,358 worth of shares at a price of $71.47 on June 16th. That brings the Director’s holdings to $1,036,601 as reported to the SEC.

These funds have also shifted positions in (DLTR). As of quarter end Jennison Associates LLC had sold a total of 279,144 shares trimming its position 10.1%. The value of the investment in (DLTR) decreased from $212,404,000 to $172,906,000 decreasing 18.6% quarter over quarter. Frontier Capital Management Co LLC divested its holdings by shedding 826 shares a decrease of 0.1% as of 06/30/2017. Frontier Capital Management Co LLC now controls 608,627 shares with a value of $42,555,000. The total value of its holdings decreased 11.0%.

Boston Family Office LLC trimmed its stake by selling 2,323 shares a decrease of 2.4% in the quarter. Boston Family Office LLC claims 95,687 shares valued at $6,690,000. The value of the position overall is down by 13.0%. As of the end of the quarter Bb&t Securities, LLC had acquired 33,836 shares growing its holdings by 179.8%. The value of the company’s investment in Dollar Tree, Inc. went from $1,476,000 to $3,681,000 a change of $2,205,000 for the reporting period.

On June 28, 2017 the stock rating was rated “Buy” according to a Loop Capital report which is up from the previous “Hold” rating. Equity analyst Loop Capital started coverage setting a rating of “Hold”.

November 23 investment analysts at Deutsche Bank kept the company rating at “Buy” but raised the price expectation from $96.00 to $102.00. On November 15 the company was set at “Accumulate” in a report from Johnson Rice which was a boost from the previous “Equalweight” rating.

On October 13, 2016 KeyBanc started covering the stock giving it an initial rating of “Sector Weight”. On October 4 the stock rating was downgraded from “Buy” to “Neutral” in an announcement from Cleveland Research.

The company is now up since yesterday’s close of $73.53. Company shares last traded at $74.11 which is just over $69.89, the stock’s 50 day moving average and which is just a bit below the 200 day moving average of $75.86. The 50 day moving average was up by +6.04% and the 200 day average was down $-1.75.

Dollar Tree, Inc. currently has a P/E ratio of 20.30 and the market cap of the company is 17.54B. In the latest earnings report the EPS was $3.65 and is projected to be $4.48 for the current year with 236,688,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.87 and the next full year EPS is projected to be $5.03.

Dollar Tree, Inc., launched on February 22, 2008, 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. The Business’s segments 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 consumers with a selection of merchandise in neighborhood stores. The Business’s stores operate under the names of Dollar Tree, Family Dollar and Dollar Tree Canada. As of January 28, 2017, the Dollar Tree segment included 6,360 stores operating under the Dollar Tree and Dollar Tree Canada brands, 11 distribution centers in the United States and two in Canada and a Store Support Center in Chesapeake, Virginia. 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. As of January 28, 2017, the Company offered 7,100 items in its stores. The Company offers a range of everyday basic products, and supplements these basic, everyday items with seasonal, closeout and promotional merchandise..