Dollar Tree, Inc. (DLTR) Position Boosted by Markel Corp

Markel Corp increased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 41.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 88,000 shares of the company’s stock after purchasing an additional 26,000 shares during the period. Markel Corp’s holdings in Dollar Tree were worth $7,640,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Advisory Services Network LLC boosted its stake in Dollar Tree by 0.6% in the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after purchasing an additional 12 shares during the period. Ironwood Investment Management LLC lifted its position in Dollar Tree by 0.7% in the 2nd quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock worth $312,000 after buying an additional 31 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in Dollar Tree by 2.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after buying an additional 36 shares in the last quarter. Atlantic Trust LLC lifted its position in Dollar Tree by 1.2% in the 1st quarter. Atlantic Trust LLC now owns 5,270 shares of the company’s stock worth $414,000 after buying an additional 60 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Dollar Tree by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,584 shares of the company’s stock worth $1,229,000 after buying an additional 73 shares in the last quarter. 90.73% of the stock is owned by hedge funds and other institutional investors.

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Dollar Tree, Inc. (NASDAQ:DLTR) traded down 0.08% on Tuesday, reaching $91.37. 525,969 shares of the company were exchanged. The firm has a market capitalization of $21.64 billion, a PE ratio of 23.37 and a beta of 0.70. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $93.68. The stock has a 50 day moving average of $88.03 and a 200 day moving average of $78.82.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.24 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts anticipate that Dollar Tree, Inc. will post $4.68 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada set a $92.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Monday. Loop Capital reiterated a “buy” rating and issued a $86.00 target price on shares of Dollar Tree in a research report on Wednesday, August 9th. Finally, Buckingham Research reiterated a “buy” rating and issued a $87.00 target price on shares of Dollar Tree in a research report on Wednesday, August 9th. Twelve research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $90.00.

In other Dollar Tree news, insider William A. Old, Jr. sold 1,487 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gary M. Philbin sold 2,795 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $84.50, for a total transaction of $236,177.50. Following the sale, the insider now directly owns 34,532 shares in the company, valued at $2,917,954. The disclosure for this sale can be found here. Insiders have sold 101,449 shares of company stock worth $9,139,337 over the last ninety days. Insiders own 2.90% of the company’s stock.

Dollar Tree 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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