State Street Corp cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,809,586 shares of the company’s stock after selling 76,626 shares during the quarter. State Street Corp owned approximately 4.14% of Dollar Tree worth $685,892,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ironwood Investment Management LLC lifted its holdings in shares of Dollar Tree by 0.7% during the second quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock valued at $312,000 after acquiring an additional 31 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in shares of Dollar Tree by 2.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after acquiring an additional 36 shares during the period. Mirador Capital Partners LP lifted its holdings in shares of Dollar Tree by 1.5% during the first quarter. Mirador Capital Partners LP now owns 3,731 shares of the company’s stock valued at $293,000 after acquiring an additional 56 shares during the period. Atlantic Trust LLC lifted its holdings in shares of Dollar Tree by 1.2% during the first quarter. Atlantic Trust LLC now owns 5,270 shares of the company’s stock valued at $414,000 after acquiring an additional 60 shares during the period. Finally, Cleararc Capital Inc. lifted its holdings in shares of Dollar Tree by 1.2% during the first quarter. Cleararc Capital Inc. now owns 5,795 shares of the company’s stock valued at $455,000 after acquiring an additional 70 shares during the period. 90.74% of the stock is owned by institutional investors.

Dollar Tree, Inc. (NASDAQ:DLTR) opened at 89.89 on Wednesday. The firm’s 50-day moving average price is $83.52 and its 200-day moving average price is $77.37. Dollar Tree, Inc. has a one year low of $65.63 and a one year high of $91.41. The company has a market cap of $21.29 billion, a PE ratio of 23.00 and a beta of 0.70.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly 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. The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. On average, equities research analysts forecast that Dollar Tree, Inc. will post $4.68 earnings per share for the current fiscal year.

DLTR has been the subject of a number of analyst reports. Cleveland Research raised Dollar Tree from a “neutral” rating to a “buy” rating in a report on Wednesday, October 4th. BidaskClub upgraded Dollar Tree from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Loop Capital upgraded Dollar Tree from a “hold” rating to a “buy” rating and raised their target price for the company from $80.00 to $86.00 in a research note on Wednesday, June 28th. Zacks Investment Research upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Raymond James Financial, Inc. dropped coverage on Dollar Tree in a research note on Saturday, August 26th. Eleven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $89.59.

COPYRIGHT VIOLATION WARNING: This article was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/10/11/state-street-corp-has-685-89-million-holdings-in-dollar-tree-inc-dltr.html.

In related news, insider David A. Jacobs sold 5,596 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $88.25, for a total transaction of $493,847.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary M. Philbin sold 2,795 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total value of $236,177.50. Following the sale, the insider now directly owns 34,532 shares of the company’s stock, valued at approximately $2,917,954. The disclosure for this sale can be found here. In the last three months, insiders sold 39,445 shares of company stock valued at $3,022,395. 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)

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.