Dollar Tree, Inc. (DLTR) Stake Lowered by Texas Permanent School Fund

Texas Permanent School Fund decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,503 shares of the company’s stock after selling 2,473 shares during the period. Texas Permanent School Fund’s holdings in Dollar Tree were worth $4,650,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DLTR. BlackRock Inc. raised its stake in Dollar Tree by 1,996.3% in the first quarter. BlackRock Inc. now owns 14,424,151 shares of the company’s stock worth $1,131,717,000 after buying an additional 13,736,060 shares during the last quarter. Nordea Investment Management AB raised its stake in Dollar Tree by 888.9% in the first quarter. Nordea Investment Management AB now owns 2,057,360 shares of the company’s stock worth $161,420,000 after buying an additional 1,849,314 shares during the last quarter. Vanguard Group Inc. raised its stake in Dollar Tree by 3.3% in the first quarter. Vanguard Group Inc. now owns 21,667,705 shares of the company’s stock worth $1,700,048,000 after buying an additional 688,409 shares during the last quarter. CI Global Investments Inc. raised its stake in Dollar Tree by 186.3% in the first quarter. CI Global Investments Inc. now owns 900,541 shares of the company’s stock worth $70,656,000 after buying an additional 586,012 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Dollar Tree by 15.4% in the first quarter. Alliancebernstein L.P. now owns 3,493,430 shares of the company’s stock worth $274,095,000 after buying an additional 465,226 shares during the last quarter. Hedge funds and other institutional investors own 91.56% of the company’s stock.

Dollar Tree, Inc. (NASDAQ DLTR) traded down 0.12% during midday trading on Friday, reaching $74.25. The company’s stock had a trading volume of 2,128,280 shares. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 20.34 and a beta of 0.68. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $96.35. The company’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 for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.98. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.29 billion. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. On average, analysts predict that Dollar Tree, Inc. will post $4.48 earnings per share for the current fiscal year.

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DLTR has been the topic of a number of recent research reports. Deutsche Bank AG restated a “buy” rating and set a $95.00 target price on shares of Dollar Tree in a research note on Tuesday, July 4th. BMO Capital Markets set a $88.00 target price on shares of Dollar Tree and gave the stock a “hold” rating in a research note on Friday, May 26th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $65.00 price target on shares of Dollar Tree in a research note on Friday, June 30th. Johnson Rice upgraded shares of Dollar Tree from an “accumulate” rating to a “buy” rating in a research note on Monday, April 24th. Finally, Loop Capital reiterated a “hold” rating and issued a $80.00 price target on shares of Dollar Tree in a research note on Friday, June 23rd. 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. Dollar Tree currently has a consensus rating of “Hold” and a consensus price target of $86.91.

In related news, Director Lemuel E. Lewis bought 3,475 shares of Dollar Tree stock in a transaction dated Friday, June 16th. The stock was acquired at an average cost of $71.45 per share, with a total value of $248,288.75. Following the completion of the acquisition, the director now directly owns 12,744 shares in the company, valued at approximately $910,558.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lemuel E. Lewis bought 1,900 shares of Dollar Tree stock in a transaction dated Monday, June 26th. The shares were bought at an average cost of $66.70 per share, with a total value of $126,730.00. Following the completion of the acquisition, the director now owns 16,404 shares of the company’s stock, valued at $1,094,146.80. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 10,375 shares of company stock valued at $705,819. Insiders own 4.10% of the company’s stock.

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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