Dollar Tree, Inc. (NASDAQ:DLTR) Position Decreased by Advisory Services Network LLC

Advisory Services Network LLC decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 43.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,059 shares of the company’s stock after selling 803 shares during the period. Advisory Services Network LLC’s holdings in Dollar Tree were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its holdings in Dollar Tree by 8,821.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock valued at $26,000 after purchasing an additional 2,301,814 shares during the last quarter. Executive Wealth Management LLC purchased a new stake in Dollar Tree in the fourth quarter valued at $26,000. Riverview Trust Co purchased a new stake in Dollar Tree in the fourth quarter valued at $32,000. Parkside Financial Bank & Trust boosted its holdings in Dollar Tree by 47.3% in the first quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock valued at $32,000 after purchasing an additional 97 shares during the last quarter. Finally, Berman Capital Advisors LLC raised its position in shares of Dollar Tree by 52.5% in the first quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock worth $32,000 after acquiring an additional 105 shares during the period. 94.50% of the stock is owned by institutional investors.

A number of brokerages have weighed in on DLTR. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BidaskClub downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. Piper Jaffray Companies restated an “overweight” rating and set a $760.00 price target (up previously from $755.00) on shares of Chipotle Mexican Grill in a research report on Thursday, April 25th. Gordon Haskett raised shares of Darden Restaurants from an “underperform” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, TheStreet cut shares of Urban Outfitters from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $104.24.

In other Dollar Tree news, CEO Gary M. Philbin sold 9,614 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $110.00, for a total transaction of $1,057,540.00. Following the sale, the chief executive officer now directly owns 84,665 shares of the company’s stock, valued at $9,313,150. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas A. Saunders sold 11,470 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $110.52, for a total transaction of $1,267,664.40. Following the sale, the director now directly owns 2,394,164 shares in the company, valued at $264,603,005.28. The disclosure for this sale can be found here. Insiders sold 85,403 shares of company stock worth $9,260,558 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Shares of DLTR stock traded down $2.13 on Thursday, hitting $110.12. The stock had a trading volume of 1,473,200 shares, compared to its average volume of 2,198,366. The stock has a market capitalization of $26.67 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.16 and a beta of 0.53. The business has a 50 day simple moving average of $108.01. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.07 and a quick ratio of 0.23. Dollar Tree, Inc. has a 52-week low of $78.78 and a 52-week high of $113.38.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 30th. The company reported $1.14 earnings per share for the quarter, meeting the consensus estimate of $1.14. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.78 billion. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 earnings per share. Sell-side analysts expect that Dollar Tree, Inc. will post 5.2 earnings per share for the current year.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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