Dollar Tree, Inc. (DLTR) Position Increased by QS Investors LLC

QS Investors LLC boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 31.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,471 shares of the company’s stock after buying an additional 1,311 shares during the quarter. QS Investors LLC’s holdings in Dollar Tree were worth $383,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Ironwood Investment Management LLC boosted its stake in Dollar Tree by 0.7% in the 2nd quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock valued at $312,000 after buying an additional 31 shares in the last quarter. Atlantic Trust LLC boosted its stake in Dollar Tree by 1.2% in the 1st quarter. Atlantic Trust LLC now owns 5,270 shares of the company’s stock valued at $414,000 after buying an additional 60 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Dollar Tree by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,584 shares of the company’s stock valued at $1,229,000 after buying an additional 73 shares in the last quarter. Eads & Heald Investment Counsel boosted its stake in Dollar Tree by 1.6% in the 2nd quarter. Eads & Heald Investment Counsel now owns 7,822 shares of the company’s stock valued at $547,000 after buying an additional 120 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Dollar Tree by 0.6% in the 1st quarter. Fifth Third Bancorp now owns 23,957 shares of the company’s stock valued at $1,880,000 after buying an additional 151 shares in the last quarter. 90.73% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider William A. Old, Jr. sold 1,487 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Macon F. Brock, Jr. sold 63,000 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.04, for a total value of $5,735,520.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,449 shares of company stock worth $9,139,337. 2.90% of the stock is currently owned by company insiders.

Several brokerages recently commented on DLTR. Loop Capital lowered Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price target on the stock. in a research note on Friday, October 13th. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Wednesday, October 11th. Cleveland Research raised Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $85.00 price target on shares of Dollar Tree in a research note on Friday, September 29th. Finally, Sanford C. Bernstein raised Dollar Tree from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $90.14.

COPYRIGHT VIOLATION NOTICE: “Dollar Tree, Inc. (DLTR) Position Increased by QS Investors LLC” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/18/dollar-tree-inc-dltr-position-increased-by-qs-investors-llc.html.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at 91.53 on Wednesday. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $92.22. The company has a market cap of $21.68 billion, a P/E ratio of 23.42 and a beta of 0.70. The stock’s 50 day moving average price is $84.97 and its 200-day moving average price is $77.68.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 24th. The compa

A number of other hedge funds also recently made changes to their positions in the stock. Ironwood Investment Management LLC boosted its stake in Dollar Tree by 0.7% in the 2nd quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock valued at $312,000 after buying an additional 31 shares in the last quarter. Atlantic Trust LLC boosted its stake in Dollar Tree by 1.2% in the 1st quarter. Atlantic Trust LLC now owns 5,270 shares of the company’s stock valued at $414,000 after buying an additional 60 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Dollar Tree by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,584 shares of the company’s stock valued at $1,229,000 after buying an additional 73 shares in the last quarter. Eads & Heald Investment Counsel boosted its stake in Dollar Tree by 1.6% in the 2nd quarter. Eads & Heald Investment Counsel now owns 7,822 shares of the company’s stock valued at $547,000 after buying an additional 120 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Dollar Tree by 0.6% in the 1st quarter. Fifth Third Bancorp now owns 23,957 shares of the company’s stock valued at $1,880,000 after buying an additional 151 shares in the last quarter. 90.73% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider William A. Old, Jr. sold 1,487 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Macon F. Brock, Jr. sold 63,000 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.04, for a total value of $5,735,520.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,449 shares of company stock worth $9,139,337. 2.90% of the stock is currently owned by company insiders.

Several brokerages recently commented on DLTR. Loop Capital lowered Dollar Tree from a “buy” rating to a “hold” rating and set a $88.00 price target on the stock. in a research note on Friday, October 13th. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Wednesday, October 11th. Cleveland Research raised Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $85.00 price target on shares of Dollar Tree in a research note on Friday, September 29th. Finally, Sanford C. Bernstein raised Dollar Tree from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $90.14.

COPYRIGHT VIOLATION NOTICE: “Dollar Tree, Inc. (DLTR) Position Increased by QS Investors LLC” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/18/dollar-tree-inc-dltr-position-increased-by-qs-investors-llc.html.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at 91.53 on Wednesday. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $92.22. The company has a market cap of $21.68 billion, a P/E ratio of 23.42 and a beta of 0.70. The stock’s 50 day moving average price is $84.97 and its 200-day moving average price is $77.68.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.12. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter last year, the business posted $0.72 EPS. Dollar Tree’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts expect that Dollar Tree, Inc. will post $4.68 EPS for the current year.

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.

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

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