Dollar Tree, Inc. (DLTR) Shares Bought by State of Wisconsin Investment Board

State of Wisconsin Investment Board raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 338,185 shares of the company’s stock after acquiring an additional 13,264 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.14% of Dollar Tree worth $29,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mn Services Vermogensbeheer B.V. boosted its stake in Dollar Tree by 1.8% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 39,018 shares of the company’s stock valued at $3,388,000 after acquiring an additional 700 shares during the last quarter. Montag & Caldwell LLC raised its position in shares of Dollar Tree by 14.2% in the third quarter. Montag & Caldwell LLC now owns 1,423,348 shares of the company’s stock valued at $123,575,000 after purchasing an additional 176,913 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Dollar Tree by 5.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,739 shares of the company’s stock valued at $3,103,000 after purchasing an additional 1,744 shares during the period. Seatown Holdings Pte. Ltd. bought a new stake in shares of Dollar Tree in the third quarter valued at approximately $5,062,000. Finally, BT Investment Management Ltd raised its position in shares of Dollar Tree by 27.2% in the third quarter. BT Investment Management Ltd now owns 6,782 shares of the company’s stock valued at $589,000 after purchasing an additional 1,451 shares during the period. Hedge funds and other institutional investors own 90.53% of the company’s stock.

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In other news, insider William A. Old, Jr. sold 1,487 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas A. Saunders sold 18,621 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $91.11, for a total transaction of $1,696,559.31. 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 ninety days. 4.10% of the stock is owned by corporate insiders.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at $94.38 on Friday. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $95.09. The stock has a market cap of $22,239.72, a price-to-earnings ratio of 22.52, a PEG ratio of 1.53 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 data on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analysts’ expectations of $5.24 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. analysts forecast that Dollar Tree, Inc. will post 4.66 earnings per share for the current fiscal year.

Several analysts have recently issued reports on DLTR shares. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock 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 on the stock. in a research report on Friday, October 13th. Buckingham Research reissued a “buy” rating and issued a $87.00 price target on shares of Dollar Tree in a research report on Wednesday, August 9th. Bank of America Corporation started 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 on the stock. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $85.00 price target on shares of Dollar Tree in a research report on Friday, September 29th. Eleven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Dollar Tree currently has a consensus rating of “Buy” and a consensus price target of $92.13.

About Dollar Tree

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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