Dollar Tree, Inc. (DLTR) Stake Lessened by National Investment Services Inc. WI

National Investment Services Inc. WI lessened its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 7.0% during the fourth quarter, Holdings Channel reports. The fund owned 30,717 shares of the company’s stock after selling 2,310 shares during the quarter. Dollar Tree accounts for about 3.2% of National Investment Services Inc. WI’s portfolio, making the stock its 4th biggest position. National Investment Services Inc. WI’s holdings in Dollar Tree were worth $3,296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Dollar Tree by 3.2% in the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after buying an additional 691,393 shares during the last quarter. FMR LLC boosted its holdings in shares of Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after buying an additional 5,724,495 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Dollar Tree by 10.3% in the second quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after buying an additional 1,479,936 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Dollar Tree by 184,411.9% in the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock worth $720,869,000 after buying an additional 8,298,537 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its holdings in shares of Dollar Tree by 86.7% in the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after buying an additional 3,777,579 shares during the last quarter. 89.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday. Guggenheim started coverage on shares of Dollar Tree in a report on Wednesday. They issued a “buy” rating and a $125.00 price objective on the stock. Moffett Nathanson started coverage on shares of Dollar Tree in a research note on Monday, December 4th. They set a “buy” rating on the stock. MKM Partners set a $96.00 target price on shares of Dollar Tree and gave the stock a “hold” rating in a research note on Monday, November 20th. Finally, Bank of America raised their target price on shares of Dollar Tree from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Twelve investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $102.72.

Dollar Tree, Inc. (NASDAQ DLTR) traded down $0.06 during trading on Thursday, hitting $109.63. 1,048,800 shares of the stock traded hands, compared to its average volume of 1,606,843. The company has a market capitalization of $26,370.00, a PE ratio of 26.10, a P/E/G ratio of 1.74 and a beta of 0.63. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $111.63.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. sell-side analysts expect that Dollar Tree, Inc. will post 4.85 earnings per share for the current fiscal year.

In other news, Chairman Macon F. Brock, Jr. sold 150,000 shares of Dollar Tree stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the sale, the chairman now owns 1,128,795 shares in the company, valued at $102,867,088.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Bob Sasser sold 64,002 shares of Dollar Tree stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total transaction of $6,383,559.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 357,619 shares of company stock worth $34,220,260. Company insiders own 2.90% of the company’s stock.

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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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