Dollar Tree, Inc. (DLTR) Stake Increased by Davidson Kempner Capital Management LP

Davidson Kempner Capital Management LP lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 150.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 500,000 shares of the company’s stock after buying an additional 300,000 shares during the quarter. Dollar Tree comprises approximately 0.8% of Davidson Kempner Capital Management LP’s investment portfolio, making the stock its 24th largest holding. Davidson Kempner Capital Management LP owned about 0.21% of Dollar Tree worth $34,960,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Dollar Tree by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after buying an additional 691,393 shares during the period. FMR LLC grew its position in shares of Dollar Tree by 49.4% during the 2nd quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after buying an additional 5,724,495 shares during the period. BlackRock Inc. grew its position in shares of Dollar Tree by 10.3% during the 2nd quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after buying an additional 1,479,936 shares during the period. State Street Corp grew its position in shares of Dollar Tree by 2.5% during the 1st quarter. State Street Corp now owns 9,886,212 shares of the company’s stock worth $775,667,000 after buying an additional 239,221 shares during the period. Finally, Maverick Capital Ltd. grew its position in shares of Dollar Tree by 86.7% during the 2nd quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after buying an additional 3,777,579 shares during the period. 90.73% of the stock is owned by institutional investors.

In related news, Chairman Macon F. Brock, Jr. sold 63,000 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $91.04, for a total transaction of $5,735,520.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gary M. Philbin sold 2,795 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total value of $236,177.50. Following the sale, the insider now directly owns 34,532 shares in the company, valued at $2,917,954. The disclosure for this sale can be found here. Insiders have sold 101,449 shares of company stock worth $9,139,337 over the last ninety days. 4.10% of the stock is currently owned by insiders.

Several analysts have recently commented on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price objective on shares of Dollar Tree in a research report on Tuesday, July 4th. Raymond James Financial, Inc. raised shares of Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price objective for the company in a research report on Friday, August 25th. Jefferies Group LLC reissued a “hold” rating and issued a $85.00 price target (up previously from $80.00) on shares of Dollar Tree in a research report on Friday, August 25th. Piper Jaffray Companies reissued a “hold” rating and issued a $85.00 price target on shares of Dollar Tree in a research report on Tuesday, August 22nd. Finally, Loop Capital reissued a “buy” rating and issued a $86.00 price target on shares of Dollar Tree in a research report on Wednesday, August 9th. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $90.14.

TRADEMARK VIOLATION WARNING: “Dollar Tree, Inc. (DLTR) Stake Increased by Davidson Kempner Capital Management LP” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/21/dollar-tree-inc-dltr-stake-increased-by-davidson-kempner-capital-management-lp.html.

Dollar Tree, Inc. (NASDAQ:DLTR) traded up 1.05% during midday trading on Friday, hitting $92.37. The stock had a trading volume of 1,971,461 shares. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $92.55. The firm has a 50 day moving average of $86.52 and a 200 day moving average of $78.17. The firm has a market cap of $21.88 billion, a price-to-earnings ratio of 23.63 and a beta of 0.70.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Dollar Tree by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock worth $1,563,349,000 after buying an additional 691,393 shares during the period. FMR LLC grew its position in shares of Dollar Tree by 49.4% during the 2nd quarter. FMR LLC now owns 17,309,462 shares of the company’s stock worth $1,210,277,000 after buying an additional 5,724,495 shares during the period. BlackRock Inc. grew its position in shares of Dollar Tree by 10.3% during the 2nd quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock worth $1,112,013,000 after buying an additional 1,479,936 shares during the period. State Street Corp grew its position in shares of Dollar Tree by 2.5% during the 1st quarter. State Street Corp now owns 9,886,212 shares of the company’s stock worth $775,667,000 after buying an additional 239,221 shares during the period. Finally, Maverick Capital Ltd. grew its position in shares of Dollar Tree by 86.7% during the 2nd quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock worth $568,842,000 after buying an additional 3,777,579 shares during the period. 90.73% of the stock is owned by institutional investors.

In related news, Chairman Macon F. Brock, Jr. sold 63,000 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $91.04, for a total transaction of $5,735,520.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gary M. Philbin sold 2,795 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total value of $236,177.50. Following the sale, the insider now directly owns 34,532 shares in the company, valued at $2,917,954. The disclosure for this sale can be found here. Insiders have sold 101,449 shares of company stock worth $9,139,337 over the last ninety days. 4.10% of the stock is currently owned by insiders.

Several analysts have recently commented on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price objective on shares of Dollar Tree in a research report on Tuesday, July 4th. Raymond James Financial, Inc. raised shares of Dollar Tree from a “market perform” rating to a “strong-buy” rating and set a $95.00 price objective for the company in a research report on Friday, August 25th. Jefferies Group LLC reissued a “hold” rating and issued a $85.00 price target (up previously from $80.00) on shares of Dollar Tree in a research report on Friday, August 25th. Piper Jaffray Companies reissued a “hold” rating and issued a $85.00 price target on shares of Dollar Tree in a research report on Tuesday, August 22nd. Finally, Loop Capital reissued a “buy” rating and issued a $86.00 price target on shares of Dollar Tree in a research report on Wednesday, August 9th. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $90.14.

TRADEMARK VIOLATION WARNING: “Dollar Tree, Inc. (DLTR) Stake Increased by Davidson Kempner Capital Management LP” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/21/dollar-tree-inc-dltr-stake-increased-by-davidson-kempner-capital-management-lp.html.

Dollar Tree, Inc. (NASDAQ:DLTR) traded up 1.05% during midday trading on Friday, hitting $92.37. The stock had a trading volume of 1,971,461 shares. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $92.55. The firm has a 50 day moving average of $86.52 and a 200 day moving average of $78.17. The firm has a market cap of $21.88 billion, a price-to-earnings ratio of 23.63 and a beta of 0.70.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the 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 analysts’ expectations of $5.24 billion. During the same period last year, the firm posted $0.72 earnings per share. Dollar Tree’s revenue was up 5.7% compared to the same quarter last year. Equities research analysts predict that Dollar Tree, Inc. will post $4.68 EPS for the current year.

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.

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

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