Arrow Financial Corp Has $561,000 Position in Dollar Tree, Inc. (DLTR)

Arrow Financial Corp maintained its position in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,030 shares of the company’s stock at the end of the second quarter. Arrow Financial Corp’s holdings in Dollar Tree were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DLTR. Global X Management Co. LLC boosted its position in Dollar Tree by 14.2% in the second quarter. Global X Management Co. LLC now owns 2,464 shares of the company’s stock valued at $172,000 after buying an additional 307 shares in the last quarter. Goelzer Investment Management Inc. boosted its position in Dollar Tree by 29.8% in the second quarter. Goelzer Investment Management Inc. now owns 34,343 shares of the company’s stock valued at $2,401,000 after buying an additional 7,890 shares in the last quarter. Retirement Systems of Alabama boosted its position in Dollar Tree by 0.6% in the second quarter. Retirement Systems of Alabama now owns 114,760 shares of the company’s stock valued at $8,024,000 after buying an additional 649 shares in the last quarter. Lowe Brockenbrough & Co. Inc. boosted its position in Dollar Tree by 6.3% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 78,397 shares of the company’s stock valued at $5,482,000 after buying an additional 4,668 shares in the last quarter. Finally, Eads & Heald Investment Counsel boosted its position in Dollar Tree by 1.6% in the second quarter. Eads & Heald Investment Counsel now owns 7,822 shares of the company’s stock valued at $547,000 after buying an additional 120 shares in the last quarter. 91.56% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree, Inc. (NASDAQ DLTR) traded down 0.12% during midday trading on Friday, hitting $74.25. The company had a trading volume of 2,128,280 shares. The company’s 50 day moving average is $71.37 and its 200 day moving average is $75.66. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $96.35. The stock has a market cap of $17.57 billion, a price-to-earnings ratio of 20.34 and a beta of 0.68.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 25th. The company reported $0.98 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.98. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The firm had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Dollar Tree, Inc. will post $4.48 EPS for the current fiscal year.

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Several research firms have recently issued reports on DLTR. Loop Capital reaffirmed a “buy” rating and set a $86.00 price objective on shares of Dollar Tree in a research report on Wednesday, August 9th. BMO Capital Markets set a $88.00 price objective on Dollar Tree and gave the stock a “hold” rating in a research report on Friday, May 26th. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Buckingham Research reissued a “buy” rating and issued a $87.00 target price on shares of Dollar Tree in a report on Wednesday, August 9th. Finally, Sanford C. Bernstein reissued an “underperform” rating and issued a $65.00 target price on shares of Dollar Tree in a report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $86.91.

In other Dollar Tree news, Director Conrad M. Hall purchased 5,000 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were purchased at an average price of $66.16 per share, for a total transaction of $330,800.00. Following the completion of the transaction, the director now owns 63,299 shares in the company, valued at approximately $4,187,861.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lemuel E. Lewis purchased 3,475 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was acquired at an average price of $71.45 per share, for a total transaction of $248,288.75. Following the transaction, the director now owns 12,744 shares of the company’s stock, valued at approximately $910,558.80. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 10,375 shares of company stock worth $705,819. 4.10% of the stock is owned by corporate insiders.

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.

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

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