Dollar Tree, Inc. (DLTR) Shares Sold by BB&T Securities LLC

BB&T Securities LLC reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 20.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,048 shares of the company’s stock after selling 10,611 shares during the quarter. BB&T Securities LLC’s holdings in Dollar Tree were worth $3,650,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC boosted its stake in Dollar Tree by 119.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after acquiring an additional 825 shares during the last quarter. Sun Life Financial INC boosted its stake in Dollar Tree by 17,100.0% in the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after acquiring an additional 1,710 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in Dollar Tree in the third quarter valued at approximately $150,000. YorkBridge Wealth Partners LLC boosted its stake in Dollar Tree by 2.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after acquiring an additional 36 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after acquiring an additional 12 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Kevin S. Wampler sold 12,559 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $103.89, for a total transaction of $1,304,754.51. Following the sale, the chief financial officer now directly owns 77,164 shares in the company, valued at $8,016,567.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Bob Sasser sold 64,002 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $99.74, for a total transaction of $6,383,559.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 343,747 shares of company stock worth $32,079,782. Company insiders own 4.10% of the company’s stock.

Shares of Dollar Tree, Inc. (NASDAQ DLTR) opened at $103.01 on Monday. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. The firm has a market cap of $24,423.26, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 1.62 and a beta of 0.63. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $105.14.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.72 earnings per share. sell-side analysts anticipate that Dollar Tree, Inc. will post 4.84 EPS for the current year.

A number of equities analysts have issued reports on the stock. Loop Capital reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. BTIG Research reaffirmed a “buy” rating and issued a $98.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 23rd. Sanford C. Bernstein raised shares of Dollar Tree from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Buckingham Research raised their price objective on shares of Dollar Tree from $87.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, BidaskClub raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Eleven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $99.92.

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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.

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

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