Montag & Caldwell LLC boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 14.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,423,348 shares of the company’s stock after buying an additional 176,913 shares during the period. Dollar Tree accounts for 3.8% of Montag & Caldwell LLC’s portfolio, making the stock its 6th biggest holding. Montag & Caldwell LLC owned about 0.60% of Dollar Tree worth $123,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Dollar Tree by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock valued at $1,563,349,000 after buying an additional 691,393 shares in the last quarter. FMR LLC grew its position in Dollar Tree by 49.4% in the 2nd quarter. FMR LLC now owns 17,309,462 shares of the company’s stock valued at $1,210,277,000 after buying an additional 5,724,495 shares in the last quarter. BlackRock Inc. grew its position in Dollar Tree by 10.3% in the 2nd quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock valued at $1,112,013,000 after buying an additional 1,479,936 shares in the last quarter. Maverick Capital Ltd. grew its position in Dollar Tree by 86.7% in the 2nd quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock valued at $568,842,000 after buying an additional 3,777,579 shares in the last quarter. Finally, Standard Life Investments LTD grew its position in Dollar Tree by 13.9% in the 2nd quarter. Standard Life Investments LTD now owns 5,085,240 shares of the company’s stock valued at $355,610,000 after buying an additional 621,164 shares in the last quarter. Hedge funds and other institutional investors own 90.53% of the company’s stock.

Dollar Tree, Inc. (NASDAQ:DLTR) traded down $0.74 during midday trading on Monday, hitting $93.01. 204,621 shares of the stock were exchanged, compared to its average volume of 1,930,000. The company has a quick ratio of 0.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $22,160.00, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.53 and a beta of 0.59. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $94.80.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. equities research analysts predict that Dollar Tree, Inc. will post 4.66 EPS for the current fiscal year.

A number of equities analysts recently issued reports on DLTR shares. Cleveland Research upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Wednesday, October 11th. Raymond James Financial, Inc. dropped coverage on shares of Dollar Tree in a research report on Saturday, August 26th. Piper Jaffray Companies restated a “hold” rating and set a $85.00 price objective on shares of Dollar Tree in a research report on Tuesday, August 22nd. Finally, Morgan Stanley restated an “equal weight” rating and set a $84.00 price objective (up previously from $82.00) on shares of Dollar Tree in a research report on Friday, August 25th. Twelve equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $91.91.

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In related news, insider Gary M. Philbin sold 9,950 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total value of $841,173.00. Following the transaction, the insider now owns 34,532 shares in the company, valued at $2,919,335.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider William A. Old, Jr. sold 1,487 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $91.50, for a total value of $136,060.50. The disclosure for this sale can be found here. Insiders sold 251,449 shares of company stock worth $22,808,837 in the last 90 days. 2.90% of the stock is currently owned by corporate insiders.

Dollar Tree 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)

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