BB&T Corp Has $831,000 Stake in Dollar Tree, Inc. (DLTR)

BB&T Corp trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 7.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,573 shares of the company’s stock after selling 791 shares during the period. BB&T Corp’s holdings in Dollar Tree were worth $831,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Advisory Services Network LLC raised its stake in shares of Dollar Tree by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after buying an additional 12 shares in the last quarter. Ironwood Investment Management LLC raised its stake in shares of Dollar Tree by 0.7% during 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 raised its stake in shares of Dollar Tree by 2.0% during 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 raised its stake in shares of Dollar Tree by 1.2% during 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 raised its stake in shares of Dollar Tree by 0.4% during 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 institutional investors and hedge funds.

A number of brokerages have recently issued reports on DLTR. Royal Bank Of Canada set a $92.00 target price on Dollar Tree and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday. Loop Capital downgraded Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price objective for the company. in a research note on Friday, October 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a research note on Tuesday. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a research note on Friday, September 29th. Twelve analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Dollar Tree presently has an average rating of “Buy” and an average target price of $90.00.

In other Dollar Tree news, Chairman Macon F. Brock, Jr. sold 63,000 shares of Dollar Tree stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $91.04, for a total transaction of $5,735,520.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gary M. Philbin sold 9,950 shares of Dollar Tree stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total transaction of $841,173.00. Following the transaction, the insider now owns 34,532 shares in the company, valued at $2,919,335.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,449 shares of company stock worth $9,139,337. Corporate insiders own 2.90% of the company’s stock.

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Shares of Dollar Tree, Inc. (DLTR) opened at 91.25 on Wednesday. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $93.68. The firm has a market cap of $21.61 billion, a PE ratio of 23.34 and a beta of 0.70. The stock’s 50 day moving average price is $88.25 and its 200 day moving average price is $78.91.

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, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. During the same quarter in the prior year, the company earned $0.72 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Dollar Tree, Inc. will post $4.68 EPS for the current fiscal year.

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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