Bright Rock Capital Management LLC held its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the first quarter, Holdings Channel reports. The institutional investor owned 11,200 shares of the company’s stock at the end of the first quarter. Bright Rock Capital Management LLC’s holdings in Dollar Tree were worth $879,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Stoneridge Investment Partners LLC acquired a new stake in Dollar Tree during the third quarter valued at about $2,642,000. World Asset Management Inc raised its stake in Dollar Tree by 1.8% in the third quarter. World Asset Management Inc now owns 23,982 shares of the company’s stock valued at $1,893,000 after buying an additional 433 shares in the last quarter. Rothschild Asset Management Inc. raised its stake in Dollar Tree by 79.0% in the third quarter. Rothschild Asset Management Inc. now owns 6,228 shares of the company’s stock valued at $492,000 after buying an additional 2,749 shares in the last quarter. DnB Asset Management AS raised its stake in Dollar Tree by 8.8% in the third quarter. DnB Asset Management AS now owns 19,855 shares of the company’s stock valued at $1,567,000 after buying an additional 1,600 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Dollar Tree during the third quarter valued at about $12,656,000. Institutional investors own 93.78% of the company’s stock.

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

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) traded up 1.99% on Thursday, reaching $79.57. The company had a trading volume of 4,098,644 shares. The firm has a market capitalization of $18.80 billion, a price-to-earnings ratio of 21.05 and a beta of 0.62. The stock’s 50 day moving average is $76.36 and its 200 day moving average is $78.57. Dollar Tree, Inc. has a 52 week low of $72.55 and a 52 week high of $99.93.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 1st. The company reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.07. Dollar Tree had a net margin of 3.93% and a return on equity of 17.15%. The firm earned $5.64 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts anticipate that Dollar Tree, Inc. will post $4.46 EPS for the current year.

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DLTR has been the subject of several research analyst reports. Buckingham Research reissued a “buy” rating and set a $101.00 price objective on shares of Dollar Tree in a research note on Monday, February 27th. Deutsche Bank AG reissued a “buy” rating and set a $96.00 price objective on shares of Dollar Tree in a research note on Wednesday, February 22nd. Goldman Sachs Group Inc reissued a “buy” rating and set a $97.00 price objective on shares of Dollar Tree in a research note on Thursday, January 19th. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Tuesday, January 17th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $108.00 price objective on shares of Dollar Tree in a research note on Thursday, January 5th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. Dollar Tree presently has an average rating of “Hold” and an average target price of $87.19.

In related news, insider Robert H. Rudman sold 2,559 shares of Dollar Tree stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $78.34, for a total transaction of $200,472.06. Following the transaction, the insider now directly owns 4,893 shares of the company’s stock, valued at $383,317.62. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert H. Rudman sold 6,731 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $78.22, for a total transaction of $526,498.82. The disclosure for this sale can be found here. Insiders have sold 18,662 shares of company stock valued at $1,437,887 in the last ninety days. Insiders own 4.10% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.

5 Day Chart for NASDAQ:DLTR

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