Bank of New York Mellon Corp raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 31.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,770,012 shares of the company’s stock after buying an additional 663,229 shares during the period. Bank of New York Mellon Corp owned about 1.17% of Dollar Tree worth $193,680,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DLTR. Riverpark Capital Management LLC boosted its stake in Dollar Tree by 44.3% in the second quarter. Riverpark Capital Management LLC now owns 519,996 shares of the company’s stock worth $36,358,000 after buying an additional 159,763 shares during the period. RiverPark Advisors LLC boosted its stake in Dollar Tree by 30.1% in the second quarter. RiverPark Advisors LLC now owns 34,068 shares of the company’s stock worth $2,382,000 after buying an additional 7,877 shares during the period. State of Wisconsin Investment Board boosted its stake in Dollar Tree by 17.8% in the second quarter. State of Wisconsin Investment Board now owns 324,921 shares of the company’s stock worth $22,718,000 after buying an additional 49,120 shares during the period. Sigma Planning Corp acquired a new stake in Dollar Tree during the second quarter worth approximately $389,000. Finally, Rhumbline Advisers boosted its stake in Dollar Tree by 3.0% in the second quarter. Rhumbline Advisers now owns 449,557 shares of the company’s stock worth $31,433,000 after buying an additional 12,904 shares during the period. Institutional investors and hedge funds own 91.56% of the company’s stock.

Dollar Tree, Inc. (DLTR) opened at 74.25 on Monday. The firm has a market cap of $17.57 billion, a price-to-earnings ratio of 20.34 and a beta of 0.68. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $96.40. The firm’s 50-day moving average price is $71.37 and its 200-day moving average price is $75.66.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Dollar Tree, Inc. will post $4.48 earnings per share for the current year.

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A number of analysts have recently commented on the company. Loop Capital restated a “buy” rating and issued a $86.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. Buckingham Research restated a “buy” rating and issued a $87.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, August 8th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $95.00 price objective on shares of Dollar Tree in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $86.91.

In other news, Director Thomas A. Saunders sold 13,660 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $68.75, for a total transaction of $939,125.00. Following the sale, the director now owns 2,390,881 shares in the company, valued at $164,373,068.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Conrad M. Hall acquired 5,000 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were acquired at an average price of $66.16 per share, for a total transaction of $330,800.00. Following the acquisition, the director now directly owns 63,299 shares of the company’s stock, valued at $4,187,861.84. The disclosure for this purchase can be found here. Insiders have bought 10,375 shares of company stock worth $705,819 in the last 90 days. 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.

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

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