Private Advisor Group LLC lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 7.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,739 shares of the company’s stock after selling 1,376 shares during the quarter. Private Advisor Group LLC’s holdings in Dollar Tree were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in DLTR. BlackRock Inc. grew its position in shares of Dollar Tree by 26.0% during the fourth quarter. BlackRock Inc. now owns 18,317,336 shares of the company’s stock worth $1,654,421,000 after buying an additional 3,781,225 shares in the last quarter. Norges Bank acquired a new stake in shares of Dollar Tree during the fourth quarter worth approximately $274,937,000. Oregon Public Employees Retirement Fund grew its position in shares of Dollar Tree by 8,821.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock worth $26,000 after buying an additional 2,301,814 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of Dollar Tree by 15.4% during the fourth quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock worth $881,404,000 after buying an additional 1,303,200 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Dollar Tree by 50.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,330,523 shares of the company’s stock worth $300,813,000 after buying an additional 1,120,760 shares in the last quarter. 94.58% of the stock is owned by institutional investors and hedge funds.

DLTR traded up $0.82 during trading hours on Wednesday, hitting $107.35. 47,416 shares of the stock were exchanged, compared to its average volume of 2,287,200. Dollar Tree, Inc. has a 12 month low of $78.78 and a 12 month high of $111.61. The stock has a market capitalization of $24.39 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.98 and a beta of 0.52. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.07 and a quick ratio of 0.23.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.14. Dollar Tree had a positive return on equity of 19.13% and a negative net margin of 6.43%. The firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.78 billion. During the same period last year, the business posted $1.19 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts anticipate that Dollar Tree, Inc. will post 5.2 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on DLTR shares. Raymond James set a $107.00 price target on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Tuesday, February 26th. BidaskClub downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Telsey Advisory Group reissued a “market perform” rating and set a $103.00 price target (up previously from $90.00) on shares of Dollar Tree in a research report on Thursday, March 7th. Piper Jaffray Companies raised their price target on shares of Dollar Tree to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Finally, Credit Suisse Group raised their price target on shares of Dollar Tree from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Dollar Tree presently has an average rating of “Buy” and an average price target of $103.72.

In related news, Director Lemuel E. Lewis bought 1,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $99.98 per share, for a total transaction of $99,980.00. Following the completion of the purchase, the director now owns 21,114 shares of the company’s stock, valued at approximately $2,110,977.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary M. Philbin sold 9,614 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $110.00, for a total value of $1,057,540.00. Following the completion of the sale, the chief executive officer now owns 84,665 shares in the company, valued at $9,313,150. The disclosure for this sale can be found here. Insiders have sold 50,248 shares of company stock worth $5,221,707 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

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Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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

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