Royce & Associates LP Has $3.71 Million Holdings in Dollar Tree, Inc. (DLTR)

Royce & Associates LP cut its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 42,708 shares of the company’s stock after selling 3,967 shares during the period. Royce & Associates LP’s holdings in Dollar Tree were worth $3,708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DLTR. Global X Management Co. LLC raised its holdings in Dollar Tree by 14.2% in the 2nd quarter. Global X Management Co. LLC now owns 2,464 shares of the company’s stock valued at $172,000 after acquiring an additional 307 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Dollar Tree by 4.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 782,529 shares of the company’s stock worth $54,715,000 after buying an additional 32,015 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Dollar Tree by 31.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,770,012 shares of the company’s stock worth $193,680,000 after buying an additional 663,229 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Dollar Tree by 3.6% during the 2nd quarter. Legal & General Group Plc now owns 1,084,806 shares of the company’s stock worth $75,849,000 after buying an additional 37,868 shares during the last quarter. Finally, BB&T Securities LLC increased its holdings in shares of Dollar Tree by 179.8% during the 2nd quarter. BB&T Securities LLC now owns 52,659 shares of the company’s stock worth $3,681,000 after buying an additional 33,836 shares during the last quarter. Institutional investors own 89.80% of the company’s stock.

Shares of Dollar Tree, Inc. (DLTR) opened at $109.10 on Tuesday. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $109.50. The stock has a market capitalization of $25,200.93, a price-to-earnings ratio of 24.32, a P/E/G ratio of 1.67 and a beta of 0.64. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the prior year, the firm earned $0.72 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. equities analysts anticipate that Dollar Tree, Inc. will post 4.85 earnings per share for the current year.

A number of research firms have recently commented on DLTR. Raymond James Financial set a $124.00 price objective on Dollar Tree and gave the stock a “buy” rating in a report on Thursday, December 7th. BidaskClub downgraded Dollar Tree from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. Moffett Nathanson began coverage on Dollar Tree in a report on Monday, December 4th. They set a “buy” rating for the company. Bank of America upped their price objective on Dollar Tree from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. Finally, Telsey Advisory Group upped their price objective on Dollar Tree from $101.00 to $108.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. Eleven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $101.13.

In other Dollar Tree news, insider David A. Jacobs sold 5,596 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $88.25, for a total value of $493,847.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bob Sasser sold 64,002 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were 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 381,836 shares of company stock valued at $36,410,667. 4.10% of the stock is owned by insiders.

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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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