Meeder Asset Management Inc. Acquires Shares of 2,229 Dollar Tree, Inc. (NASDAQ:DLTR)

Meeder Asset Management Inc. bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,229 shares of the company’s stock, valued at approximately $156,000.

Other institutional investors have also recently made changes to their positions in the company. Independent Portfolio Consultants Inc. boosted its position in shares of Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares during the period. FNY Managed Accounts LLC purchased a new position in shares of Dollar Tree during the first quarter worth approximately $124,000. Quadrant Capital Group LLC boosted its position in shares of Dollar Tree by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 1,769 shares of the company’s stock worth $134,000 after buying an additional 134 shares during the period. Finally, YorkBridge Wealth Partners LLC boosted its position in shares of Dollar Tree by 3.7% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,841 shares of the company’s stock worth $150,000 after buying an additional 66 shares during the period. Institutional investors own 91.56% of the company’s stock.

Dollar Tree, Inc. (NASDAQ:DLTR) traded down 0.12% on Friday, reaching $74.25. The company’s stock had a trading volume of 2,128,280 shares. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $96.35. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 20.34 and a beta of 0.68. The firm’s 50 day moving average price is $71.37 and its 200-day moving average price is $75.66.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, meeting 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 prior year, the firm posted $0.89 earnings per share. Dollar Tree’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Dollar Tree, Inc. will post $4.48 EPS for the current year.

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A number of equities analysts recently commented on the company. BidaskClub upgraded Dollar Tree from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Buckingham Research restated a “buy” rating and set a $87.00 target price on shares of Dollar Tree in a report on Wednesday, August 9th. Loop Capital restated a “buy” rating and set a $86.00 target price on shares of Dollar Tree in a report on Wednesday, August 9th. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, August 8th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $95.00 price target (down previously from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. 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. The company currently has a consensus rating of “Hold” and a consensus target price of $86.91.

In related news, Director Conrad M. Hall purchased 5,000 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were acquired at an average cost of $66.16 per share, for a total transaction of $330,800.00. Following the transaction, the director now owns 63,299 shares of the company’s stock, valued at $4,187,861.84. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas A. Saunders sold 13,660 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $68.75, for a total value of $939,125.00. Following the sale, the director now owns 2,390,881 shares in the company, valued at $164,373,068.75. The disclosure for this sale can be found here. Insiders have bought a total of 10,375 shares of company stock worth $705,819 over the last quarter. Insiders own 4.10% of the company’s stock.

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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