Montag A & Associates Inc. acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 63,232 shares of the company’s stock, valued at approximately $5,490,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DLTR. FMR LLC lifted 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 acquiring an additional 5,724,495 shares in the last quarter. Maverick Capital Ltd. lifted 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 acquiring an additional 3,777,579 shares in the last quarter. BlackRock Inc. lifted 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 acquiring an additional 1,479,936 shares in the last quarter. Renaissance Technologies LLC lifted its position in Dollar Tree by 116.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,801,303 shares of the company’s stock valued at $125,947,000 after acquiring an additional 967,500 shares in the last quarter. Finally, Vanguard Group Inc. lifted 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 acquiring an additional 691,393 shares in the last quarter. 90.68% of the stock is currently owned by institutional investors and hedge funds.

In other Dollar Tree news, insider William A. Old, Jr. sold 1,487 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $91.50, for a total value of $136,060.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gary M. Philbin sold 2,795 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the completion of 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 quarter, insiders sold 251,449 shares of company stock worth $22,808,837. 2.90% of the stock is owned by company insiders.

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DLTR has been the topic of several research reports. Sanford C. Bernstein raised shares of Dollar Tree from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $65.00 to $78.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. Raymond James Financial, Inc. raised shares of Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price objective on the stock in a research report on Friday, August 25th. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price objective on the stock. in a research report on Friday, October 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a research report on Tuesday, October 31st. Finally, Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Wednesday, October 11th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Dollar Tree presently has an average rating of “Buy” and a consensus price target of $93.00.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) traded down $0.66 on Tuesday, reaching $93.03. 1,094,041 shares of the company were exchanged, compared to its average volume of 2,731,102. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $95.64. The firm has a market cap of $22,514.46, a price-to-earnings ratio of 22.80, a P/E/G ratio of 1.55 and a beta of 0.59. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.43 and a current ratio of 1.83.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $5.24 billion. During the same quarter in the prior year, the business earned $0.72 EPS. Dollar Tree’s quarterly revenue was up 5.7% on a year-over-year basis. analysts anticipate that Dollar Tree, Inc. will post 4.66 earnings per share for the current year.

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)

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