Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 10.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,995 shares of the company’s stock after selling 3,919 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Dollar Tree were worth $2,377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DLTR. 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 worth $124,000 after buying an additional 750 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of Dollar Tree during the first quarter worth approximately $124,000. 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 worth $125,000 after buying an additional 48 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Dollar Tree during the first quarter worth approximately $150,000. 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 worth $150,000 after buying an additional 66 shares in the last quarter. 91.56% of the stock is owned by institutional investors and hedge funds.

Shares of Dollar Tree, Inc. (DLTR) opened at 74.62 on Tuesday. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $96.40. The firm has a market cap of $17.66 billion, a PE ratio of 20.44 and a beta of 0.68. The firm has a 50-day moving average of $70.82 and a 200 day moving average of $75.69.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, May 25th. The company reported $0.98 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.98. The business had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.29 billion. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. Equities research analysts predict that Dollar Tree, Inc. will post $4.48 EPS for the current fiscal year.

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A number of analysts have commented on DLTR shares. Zacks Investment Research upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Deutsche Bank AG increased their price target on shares of Dollar Tree from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. BidaskClub upgraded shares of Dollar Tree from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Gordon Haskett started coverage on shares of Dollar Tree in a research note on Tuesday, May 9th. They issued a “buy” rating and a $98.00 price target for the company. Finally, Buckingham Research reiterated a “buy” rating and issued a $87.00 price target on shares of Dollar Tree in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. Dollar Tree presently has an average rating of “Hold” and a consensus price target of $86.91.

In other news, Director Thomas A. Saunders sold 13,660 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $68.75, for a total value of $939,125.00. Following the sale, the director now directly owns 2,390,881 shares of the company’s stock, valued at $164,373,068.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Conrad M. Hall purchased 5,000 shares of the stock in a transaction dated Monday, July 10th. The stock was purchased at an average cost of $66.16 per share, for a total transaction of $330,800.00. Following the completion of the acquisition, the director now owns 63,299 shares of the company’s stock, valued at approximately $4,187,861.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 10,375 shares of company stock worth $705,819. Insiders own 2.90% of the company’s stock.

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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