Ken Heebner Buys More Than 2 Dozen New Stocks

Guru acquires stakes in Signet Jewelers, Dollar Tree Stores

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Feb 17, 2016
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Ken Heebner (Trades, Portfolio), co-founder of Capital Growth Management, traded in 76 companies in the fourth quarter with roughly two dozen of those deals involving new buys.

Heebner’s most significant fourth-quarter transaction was his purchase of a 625,000-share stake in Signet Jewelers Ltd. (SIG, Financial), a jewelry retailer based in Akron, Ohio, for an average price of $135.22 per share. The acquisition had a 2.57% impact on Heebner’s portfolio.

Heebner’s stake is 0.78% of Signet’s outstanding shares and 2.57% of the guru’s total assets. Signet’s leading shareholder among the gurus is Alan Fournier (Trades, Portfolio) with 1,588,401 shares. The stake is 2% of Signet’s outstanding shares and 5% of Fournier’s total assets.

Signet has a P/E of 19.9, a forward P/E of 12.8, a P/B of 3 and a P/S of 1.3. GuruFocus gives Signet a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.

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Signet sold for $105.82 per share Wednesday.

Heebner also acquired a 790,000-share stake in Dollar Tree Stores Inc. (DLTR, Financial), a Chesapeake, Virginia-based chain of discount variety stores, for an average price of $70.15 per share. The transaction had a 2.05% impact on Heebner’s portfolio.

Heebner’s stake is 0.34% of Dollar Tree’s outstanding shares and 2.05% of Heebner’s total assets. Dollar Tree’s leading shareholder among the gurus is Steve Mandel (Trades, Portfolio) with a stake of 13,194,122 shares. Mandel’s stake is 5.62% of Dollar Tree’s outstanding shares and 4.35% of Mandel’s total assets.

Dollar Tree has a P/E of 65.7, a forward P/E of 20.8, a P/B of 4.5 and a P/S of 1.4. GuruFocus gives Dollar Tree a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.

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Dollar Tree sold for $81.27 per share Wednesday.

Heebner sold his 521,000-share stake in Martin Marietta Materials Inc. (MLM, Financial), a construction materials company based in Raleigh, North Carolina, for an average price of $151.62 per share. The deal had a -2.55% impact on Heebner’s portfolio.

Tom Russo (Trades, Portfolio) is Martin Marietta’s leading shareholder among the gurus with a stake of 2,102,473 shares. The stake is 3.18% of Martin Marietta’s outstanding shares and 2.45% of Russo’s total assets.

Martin Marietta has a P/E of 34.4, a forward P/E of 14.6, a P/B of 2.2 and a P/S of 2.6. GuruFocus gives Martin Marietta a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.

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Martin Marietta sold for $139.12 per share Wednesday.

Heebner sold his 755,000-share stake in PVH Corp. (PVH, Financial), a New York-based clothing company, for an average price of $88.1 per share. The transaction had a -2.48% impact on Heebner’s portfolio.

Larry Robbins (Trades, Portfolio) is PVH’s leading shareholder among the gurus with a stake of 2,440,609 shares. The stake is 2.98% of PVH’s outstanding shares and 1.01% of Robbins’ total assets.

PVH has a P/E of 12.9, a forward P/E of 11.2, a P/B of 1.3 and a P/S of 0.8. GuruFocus gives PVH a Financial Strength rating of 5/10 and a Profitability and Growth rating of 8/10.

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PVH sold for $75.26 per share Wednesday.

Heebner sold his 610,000-share stake in Nike Inc. (NKE, Financial), a Washington County, Oregon-based apparel company, for an average price of $64.56 per share. The deal had a -2.42% impact on Heebner’s portfolio.

Mandel is Nike’s leading shareholder among the gurus with a stake of 11,496,188 shares. The stake is 0.67% of Nike’s outstanding shares and 3.07% of Mandel’s total assets.

Nike has a P/E of 28.2, a forward P/E of 23.4, a P/B of 7.4 and a P/S of 3.2. GuruFocus gives Nike a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.

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Nike sold for $58.19 per share Wednesday.

Heebner sold his 770,000-share stake in Vulcan Materials Co. (VMC, Financial), a Birmingham, Alabama-based construction materials company, for an average price of $97.09 per share. The divestiture had a -2.21% impact on Heebner’s portfolio.

Mandel is Vulcan Materials’ leading shareholder among the gurus with a stake of 2,902,347 shares. The stake is 2.18% of Vulcan Materials’ outstanding shares and 1.18% of Mandel’s total assets.

Vulcan Materials has a P/E of 76, a forward P/E of 21.5, a P/B of 2.8 and a P/S of 3.8. GuruFocus gives Vulcan Materials a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10.

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Vulcan Materials sold for $95.20 per share Wednesday.

Heebner sold his 2,290,000-share stake in CubeSmart (CUBE, Financial), a Malvern, Pennsylvania-based REIT and self-storage company, for an average price of $28.76 per share. The transaction had a -2.01% impact on Heebner’s portfolio.

Jim Simons (Trades, Portfolio), with a stake of 1,465,900 shares, is CubeSmart’s leading shareholder among the gurus. The stake is 0.85% of CubeSmart’s outstanding shares and 0.1% of Simons’ total assets.

CubeSmart has a P/E of 122.5, a forward P/E of 58.5, a P/B of 3.3 and a P/S of 11.4. GuruFocus gives CubeSmart a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10.

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CubeSmart sold for $29.45 per share Wednesday.

Heebner sold his 284,500-share stake in Public Storage (PSA, Financial), a self-storage company based in Glendale, California, for an average price of $234.74 per share. The deal had a -1.94% impact on Heebner’s portfolio.

Pioneer Investments (Trades, Portfolio) is Public Storage’s leading shareholder among the gurus with a stake of 50,473 shares. The stake is 0.03% of Public Storage’s outstanding shares and 0.05% of Pioneer’s total assets.

Public Storage has a P/E of 41.3, a forward P/E of 36.1, a P/B of 8.4 and a P/S of 18.2. GuruFocus gives Public Storage a Financial Strength rating of 9/10 and a Profitability and Growth rating of 9/10.

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Public Storage sold for $245.83 per share Wednesday.

Heebner sold his 2,490,000-share stake in Hilton Worldwide Holdings Inc. (HLT, Financial), a hotel chain based in Tysons Corner, Virginia, for an average price of $23.65 per share. The transaction had a -1.84% impact on Heebner’s portfolio.

Ron Baron (Trades, Portfolio) is Hilton Worldwide’s leading shareholder among the gurus with a stake of 4,061,541 shares. The stake is 0.41% of Hilton Worldwide’s outstanding shares and 0.4% of Baron’s total assets.

Hilton Worldwide has a P/E of 25.8, a forward P/E of 17.3, a P/B of 3.5 and a P/S of 1.7. GuruFocus gives Hilton Worldwide a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10.

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Hilton Worldwide sold for $19.69 per share Wednesday.

Heebner sold his 835,000-share stake in Marriott International Inc. (MAR, Financial), a Bethesda, Maryland-based hotel and tourism company, for an average price of $72.31 per share. The deal had a -1.84% impact on Heebner’s portfolio.

Tom Gayner (Trades, Portfolio) is Marriott International’s leading shareholder among the gurus with a stake of 1,448,369 shares. The stake is 0.56% of Marriott’s outstanding shares and 2.63% of Gayner’s total assets.

Marriott International has a P/E of 21.7, a forward P/E of 16.1 and a P/S of 1.3. GuruFocus gives Marriott International a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.

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Marriott International sold for $66.54 per share Wednesday.

Heebner raised his stake in Alphabet Inc. (GOOG, Financial), the Mountain View, California-based parent company of Google Inc., by nearly 312%. Heebner purchased 96,700 shares for an average price of $720.15 per share. The deal had a 2.46% impact on Heebner’s portfolio.

Heebner’s stake, now 127,700 shares, is 0.02% of Alphabet’s outstanding shares and 3.25% of the guru’s total assets. Dodge & Cox is Alphabet’s leading shareholder among the gurus with a stake of 3,278,856 shares. The stake is 0.48% of Alphabet’s outstanding shares and 2.44% of Dodge & Cox’s total assets.

Alphabet has a P/E of 32.6, a forward P/E of 17.7, a P/B of 4.2 and a P/S of 7. GuruFocus gives Alphabet a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.

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Alphabet sold for $707.57 per share Wednesday.

Heebner reduced his stake in Lazard Ltd. (LAZ, Financial), a New York-based financial services company, by nearly 96%. Heebner sold 1,415,000 shares for an average price of $45.88 per share. The transaction had a -1.98% impact on Heebner’s portfolio.

Heebner’s remaining stake of 65,000 shares is 0.05% of Lazard’s outstanding shares and 0.1% of the guru’s total assets. John Rogers (Trades, Portfolio) is Lazard’s leading shareholder among the gurus with a stake of 5,540,072 shares. The stake is 4.41% of Lazard’s outstanding shares and 2.99% of Rogers’ total assets.

Lazard has a P/E of 4.3, a forward P/E of 8.3, a P/B of 3.1 and a P/S of 1.8. GuruFocus gives Lazard a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.

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Lazard sold for $32.80 per share Wednesday.

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