Dollar Tree, Inc. (DLTR) Stake Lowered by TCW Group Inc.

TCW Group Inc. reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,350 shares of the company’s stock after selling 1,775 shares during the quarter. TCW Group Inc.’s holdings in Dollar Tree were worth $1,073,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Montag A & Associates Inc. acquired a new position in shares of Dollar Tree in the 3rd quarter worth approximately $5,490,000. Teacher Retirement System of Texas boosted its holdings in shares of Dollar Tree by 639.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 44,633 shares of the company’s stock worth $3,875,000 after acquiring an additional 38,596 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Dollar Tree by 11.6% in the 3rd quarter. Toronto Dominion Bank now owns 93,256 shares of the company’s stock worth $8,097,000 after acquiring an additional 9,689 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Dollar Tree by 2.2% in the 3rd quarter. New York State Common Retirement Fund now owns 521,456 shares of the company’s stock worth $45,273,000 after acquiring an additional 11,287 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Dollar Tree by 8.0% in the 3rd quarter. CIBC Asset Management Inc now owns 39,188 shares of the company’s stock worth $3,402,000 after acquiring an additional 2,903 shares in the last quarter. 90.68% of the stock is currently owned by institutional investors and hedge funds.

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In related news, insider David A. Jacobs sold 5,596 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $88.25, for a total value of $493,847.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the insider now directly owns 34,532 shares of the company’s stock, valued at $2,917,954. The disclosure for this sale can be found here. Insiders sold a total of 251,449 shares of company stock valued at $22,808,837 in the last three months. 4.10% of the stock is owned by company insiders.

Several research analysts have recently commented on the company. BMO Capital Markets reissued a “hold” rating and issued a $90.00 target price on shares of Dollar Tree in a report on Thursday, November 2nd. Royal Bank Of Canada set a $92.00 target price on Dollar Tree and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research downgraded Dollar Tree from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. KeyCorp reissued a “buy” rating and issued a $98.00 target price on shares of Dollar Tree in a report on Friday, November 10th. Finally, Raymond James Financial, Inc. raised Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 target price on the stock in a report on Friday, August 25th. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $93.00.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) traded down $0.02 during mid-day trading on Friday, hitting $94.61. 1,930,564 shares of the stock traded hands, compared to its average volume of 2,718,582. Dollar Tree, Inc. has a one year low of $65.63 and a one year high of $95.64. The firm has a market cap of $22,410.00, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.52 and a beta of 0.59. The company has a quick ratio of 0.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.95.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. sell-side analysts predict that Dollar Tree, Inc. will post 4.67 earnings per share for the current year.

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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