First Quadrant L P CA continued to hold its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,700 shares of the company’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Dollar Tree were worth $3,545,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Independent Portfolio Consultants Inc. boosted its stake in shares of Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock valued at $124,000 after buying an additional 750 shares during the period. Citizens Financial Group Inc. RI boosted its stake in shares of Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock valued at $125,000 after buying an additional 48 shares during the period. FNY Managed Accounts LLC bought a new stake in shares of Dollar Tree during the first quarter valued at about $124,000. Quadrant Capital Group LLC boosted its stake in shares of Dollar Tree by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 1,769 shares of the company’s stock valued at $134,000 after buying an additional 134 shares during the period. Finally, YorkBridge Wealth Partners LLC boosted its stake in shares of Dollar Tree by 3.7% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,841 shares of the company’s stock valued at $150,000 after buying an additional 66 shares during the period. 92.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree, Inc. (NASDAQ:DLTR) opened at 70.89 on Friday. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 19.42 and a beta of 0.68. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $99.93. The firm’s 50 day moving average price is $71.24 and its 200-day moving average price is $76.24.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 25th. The company reported $0.98 EPS for the quarter, meeting analysts’ consensus estimates of $0.98. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The business had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Dollar Tree, Inc. will post $4.45 earnings per share for the current year.

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Several brokerages have issued reports on DLTR. Loop Capital raised Dollar Tree from a “hold” rating to a “buy” rating and increased their target price for the company from $80.00 to $86.00 in a research report on Wednesday, June 28th. BidaskClub raised Dollar Tree from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Bank of America Corporation reaffirmed a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $65.00 target price on shares of Dollar Tree in a research report on Friday, June 30th. Finally, BTIG Research reaffirmed a “buy” rating and set a $98.00 target price on shares of Dollar Tree in a research report on Monday, May 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $87.57.

In other news, CEO Bob Sasser sold 3,349 shares of the company’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $80.02, for a total value of $267,986.98. Following the completion of the sale, the chief executive officer now directly owns 61,721 shares of the company’s stock, valued at $4,938,914.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas A. Saunders sold 7,444 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $68.79, for a total transaction of $512,072.76. Following the completion of the sale, the director now directly owns 2,390,881 shares of the company’s stock, valued at $164,468,703.99. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 10,375 shares of company stock valued at $705,819 and sold 24,453 shares valued at $1,719,185. 4.10% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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