Sei Investments Co. cut its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 88.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,659 shares of the company’s stock after selling 168,179 shares during the period. Sei Investments Co.’s holdings in Dollar Tree were worth $1,515,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DLTR. Independent Portfolio Consultants Inc. boosted its position in 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 in the last quarter. FNY Managed Accounts LLC bought a new position in shares of Dollar Tree during the first quarter valued at $124,000. Citizens Financial Group Inc. RI raised its position 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 last quarter. Advisory Services Network LLC bought a new position in shares of Dollar Tree during the first quarter valued at $150,000. Finally, YorkBridge Wealth Partners LLC raised its position 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 last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Dollar Tree, Inc. (NASDAQ:DLTR) opened at 80.38 on Tuesday. The stock has a market cap of $19.04 billion, a P/E ratio of 20.56 and a beta of 0.68. The stock has a 50 day moving average of $72.34 and a 200-day moving average of $75.66. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $91.41.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same period last year, the business earned $0.72 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Analysts forecast that Dollar Tree, Inc. will post $4.62 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Sei Investments Co. Reduces Position in Dollar Tree, Inc. (DLTR)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/08/29/sei-investments-co-reduces-position-in-dollar-tree-inc-dltr.html.

DLTR has been the topic of several recent analyst reports. Gordon Haskett initiated coverage on shares of Dollar Tree in a research report on Tuesday, May 9th. They set a “buy” rating and a $98.00 target price on the stock. BTIG Research reiterated a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a research report on Monday, May 22nd. 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 report on Thursday, May 25th. BMO Capital Markets set a $88.00 price target on shares of Dollar Tree and gave the company a “hold” rating in a research report on Friday, May 26th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $95.00 price target (down from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $87.42.

In other news, Director Lemuel E. Lewis bought 1,900 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average cost of $66.70 per share, with a total value of $126,730.00. Following the completion of the purchase, the director now owns 16,404 shares of the company’s stock, valued at $1,094,146.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lemuel E. Lewis bought 3,475 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was purchased at an average cost of $71.45 per share, with a total value of $248,288.75. Following the completion of the purchase, the director now directly owns 12,744 shares of the company’s stock, valued at approximately $910,558.80. The disclosure for this purchase can be found here. Insiders purchased 10,375 shares of company stock valued at $705,819 over the last three months. 2.90% of the stock is owned by company insiders.

Dollar Tree Company Profile

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)

Receive News & Stock Ratings for Dollar Tree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree Inc. and related stocks with our FREE daily email newsletter.