Bank of New York Mellon Corp Acquires 87,592 Shares of Dollar Tree, Inc. (DLTR)

Bank of New York Mellon Corp boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,857,604 shares of the company’s stock after buying an additional 87,592 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.21% of Dollar Tree worth $248,098,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Dollar Tree by 3.2% in the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after purchasing an additional 691,393 shares during the period. FMR LLC boosted its position in shares of Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after purchasing an additional 5,724,495 shares during the period. BlackRock Inc. boosted its position in shares of Dollar Tree by 10.3% in the second quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after purchasing an additional 1,479,936 shares during the period. Maverick Capital Ltd. boosted its position in shares of Dollar Tree by 86.7% in the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after purchasing an additional 3,777,579 shares during the period. Finally, Standard Life Investments LTD boosted its position in shares of Dollar Tree by 13.9% in the second quarter. Standard Life Investments LTD now owns 5,085,240 shares of the company’s stock worth $355,610,000 after purchasing an additional 621,164 shares during the period. Institutional investors own 90.68% of the company’s stock.

DLTR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Monday, August 28th. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price target for the company. in a research report on Friday, October 13th. Buckingham Research reiterated a “buy” rating and issued a $87.00 price target on shares of Dollar Tree in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Dollar Tree in a research report on Tuesday, November 14th. They issued a “buy” rating and a $106.00 price target for the company. Finally, Bank of America Corporation initiated coverage on shares of Dollar Tree in a research report on Friday, August 25th. They issued a “buy” rating and a $91.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $93.00.

In related news, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.50, for a total value of $136,060.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the completion of the sale, the insider now directly owns 34,532 shares in the company, valued at approximately $2,917,954. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 251,449 shares of company stock valued at $22,808,837. Insiders own 4.10% of the company’s stock.

Dollar Tree, Inc. (DLTR) opened at $94.61 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.43 and a current ratio of 1.83. The firm has a market cap of $22,407.91, a P/E ratio of 22.69, a PEG ratio of 1.54 and a beta of 0.59. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $95.64.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. sell-side analysts anticipate that Dollar Tree, Inc. will post 4.66 earnings per share for the current year.

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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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