Thrivent Financial For Lutherans Acquires 63,506 Shares of Dollar Tree, Inc. (DLTR)

Thrivent Financial For Lutherans raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 834,511 shares of the company’s stock after buying an additional 63,506 shares during the period. Thrivent Financial For Lutherans owned about 0.35% of Dollar Tree worth $58,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Meristem LLP lifted its position in shares of Dollar Tree by 0.3% during the first quarter. Meristem LLP now owns 4,520 shares of the company’s stock valued at $355,000 after purchasing an additional 14 shares in the last quarter. Ironwood Investment Management LLC lifted its position in shares of Dollar Tree by 0.7% during the second quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock valued at $312,000 after purchasing an additional 31 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Dollar Tree by 3.1% during the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock valued at $125,000 after purchasing an additional 48 shares in the last quarter. Mirador Capital Partners LP lifted its position in shares of Dollar Tree by 1.5% during the first quarter. Mirador Capital Partners LP now owns 3,731 shares of the company’s stock valued at $293,000 after purchasing an additional 56 shares in the last quarter. Finally, Atlantic Trust LLC lifted its position in shares of Dollar Tree by 1.2% during the first quarter. Atlantic Trust LLC now owns 5,270 shares of the company’s stock valued at $414,000 after purchasing an additional 60 shares in the last quarter. 90.76% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree, Inc. (NASDAQ DLTR) traded up 0.02% during trading on Friday, hitting $83.48. 2,757,320 shares of the stock were exchanged. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $91.41. The company has a 50-day moving average price of $77.55 and a 200 day moving average price of $76.03. The firm has a market capitalization of $19.77 billion, a price-to-earnings ratio of 21.36 and a beta of 0.68.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.12. The company 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 firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. Equities analysts predict that Dollar Tree, Inc. will post $4.66 earnings per share for the current fiscal year.

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DLTR has been the topic of a number of recent analyst reports. Loop Capital raised shares of Dollar Tree from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $86.00 in a research report on Wednesday, June 28th. Deutsche Bank AG raised their price target on shares of Dollar Tree from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. BTIG Research reissued a “buy” rating and set a $98.00 price target on shares of Dollar Tree in a research report on Monday, May 22nd. Bank of America Corporation reissued a “buy” rating and set a $95.00 price target (down from $100.00) on shares of Dollar Tree in a research report on Sunday, May 28th. Finally, Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $88.04.

In related news, insider Gary M. Philbin sold 9,950 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $84.54, for a total value of $841,173.00. Following the completion of the sale, the insider now directly owns 34,532 shares of the company’s stock, valued at approximately $2,919,335.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lemuel E. Lewis bought 1,900 shares of Dollar Tree stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average cost of $66.70 per share, with a total value of $126,730.00. Following the completion of the acquisition, the director now directly owns 16,404 shares in the company, valued at approximately $1,094,146.80. The disclosure for this purchase can be found here. Insiders sold a total of 33,849 shares of company stock valued at $2,528,548 over the last three months. 4.10% of the stock is currently owned by insiders.

Dollar Tree 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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