Victory Capital Management Inc. lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 36.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 599,988 shares of the company’s stock after selling 351,420 shares during the period. Victory Capital Management Inc. owned about 0.25% of Dollar Tree worth $41,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 during the period. FNY Managed Accounts LLC purchased a new position in Dollar Tree during the first quarter valued at approximately $124,000. Citizens Financial Group Inc. RI boosted its position in 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. Advisory Services Network LLC purchased a new position in Dollar Tree during the first quarter valued at approximately $150,000. Finally, YorkBridge Wealth Partners LLC boosted its position in 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. Institutional investors own 90.82% of the company’s stock.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at 79.70 on Wednesday. The company has a 50-day moving average of $72.34 and a 200-day moving average of $75.66. The firm has a market capitalization of $18.88 billion, a PE ratio of 20.39 and a beta of 0.68. 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 return on equity of 18.07% and a net margin of 4.37%. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.24 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts forecast that Dollar Tree, Inc. will post $4.62 earnings per share for the current fiscal year.

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Several research analysts have commented on the stock. Deutsche Bank AG reiterated a “buy” rating and set a $95.00 price target on shares of Dollar Tree in a report on Tuesday, July 4th. Raymond James Financial, Inc. upgraded shares of Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price target for the company in a report on Friday, August 25th. Jefferies Group LLC reiterated a “hold” rating and set a $85.00 price target (up previously from $80.00) on shares of Dollar Tree in a report on Friday, August 25th. Piper Jaffray Companies reiterated a “hold” rating and set a $85.00 price target on shares of Dollar Tree in a report on Tuesday, August 22nd. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $86.00 price target (up previously from $85.00) on shares of Dollar Tree in a report on Sunday, June 11th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company. Dollar Tree has an average rating of “Hold” and an average target price of $88.04.

In related news, Director Conrad M. Hall bought 5,000 shares of the business’s stock in a transaction on Monday, July 10th. The shares were purchased at an average price of $66.16 per share, with a total value of $330,800.00. Following the completion of the purchase, the director now owns 63,299 shares of the company’s stock, valued at approximately $4,187,861.84. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lemuel E. Lewis bought 3,475 shares of the business’s stock in a transaction on Friday, June 16th. The stock was bought at an average cost of $71.45 per share, for a total transaction of $248,288.75. Following 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 acquired 10,375 shares of company stock worth $705,819 in the last three months. Insiders own 2.90% of the company’s stock.

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.

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

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