The Manufacturers Life Insurance Company lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.8% in the first quarter, HoldingsChannel.com reports. The firm owned 226,266 shares of the company’s stock after selling 1,726 shares during the period. The Manufacturers Life Insurance Company’s holdings in Dollar Tree were worth $23,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in DLTR. BlackRock Inc. boosted its stake in shares of Dollar Tree by 5.6% during the 1st quarter. BlackRock Inc. now owns 19,341,470 shares of the company’s stock worth $2,031,629,000 after acquiring an additional 1,024,134 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Dollar Tree by 15.4% during the 4th quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock worth $881,404,000 after acquiring an additional 1,303,200 shares during the period. Boston Partners boosted its stake in shares of Dollar Tree by 4.9% during the 4th quarter. Boston Partners now owns 3,755,582 shares of the company’s stock worth $339,204,000 after acquiring an additional 175,027 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Dollar Tree by 50.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,330,523 shares of the company’s stock worth $300,813,000 after acquiring an additional 1,120,760 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Dollar Tree by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 3,194,952 shares of the company’s stock worth $288,077,000 after acquiring an additional 245,852 shares during the period. 94.58% of the stock is owned by institutional investors.
Shares of NASDAQ DLTR opened at $108.66 on Friday. The firm has a market capitalization of $25.67 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 2.08 and a beta of 0.52. The company has a quick ratio of 0.23, a current ratio of 1.07 and a debt-to-equity ratio of 1.45. Dollar Tree, Inc. has a fifty-two week low of $78.78 and a fifty-two week high of $111.61.
In other Dollar Tree news, COO Michael A. Witynski sold 6,858 shares of Dollar Tree stock in a transaction on Monday, June 10th. The stock was sold at an average price of $103.81, for a total value of $711,928.98. Following the completion of the transaction, the chief operating officer now directly owns 12,657 shares of the company’s stock, valued at approximately $1,313,923.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary M. Philbin sold 9,614 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $110.00, for a total value of $1,057,540.00. Following the transaction, the chief executive officer now directly owns 84,665 shares of the company’s stock, valued at approximately $9,313,150. The disclosure for this sale can be found here. Insiders sold a total of 50,248 shares of company stock valued at $5,221,707 over the last ninety days. Insiders own 1.40% of the company’s stock.
DLTR has been the subject of several research analyst reports. TheStreet upgraded Dollar Tree from a “c” rating to a “b-” rating in a research note on Thursday, May 30th. Gordon Haskett upgraded Dollar Tree from an “accumulate” rating to a “buy” rating and set a $102.07 price target for the company in a research note on Thursday, March 21st. Raymond James set a $107.00 price target on Dollar Tree and gave the company a “buy” rating in a research note on Tuesday, February 26th. Bank of America set a $115.00 price target on Dollar Tree and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, BMO Capital Markets set a $105.00 price target on Dollar Tree and gave the company a “buy” rating in a research note on Thursday, March 7th. Eleven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $103.72.
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Dollar Tree 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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