Olstein Capital Management L.P. bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 31,000 shares of the company’s stock, valued at approximately $3,256,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust grew its holdings in Dollar Tree by 47.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock valued at $32,000 after buying an additional 97 shares during the last quarter. First Allied Advisory Services Inc. grew its holdings in Dollar Tree by 2.4% in the 1st quarter. First Allied Advisory Services Inc. now owns 4,082 shares of the company’s stock valued at $431,000 after buying an additional 97 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Dollar Tree by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the company’s stock valued at $1,324,000 after buying an additional 100 shares during the last quarter. Parallel Advisors LLC grew its holdings in Dollar Tree by 20.8% in the 4th quarter. Parallel Advisors LLC now owns 598 shares of the company’s stock valued at $54,000 after buying an additional 103 shares during the last quarter. Finally, Burney Co. grew its holdings in shares of Dollar Tree by 0.5% during the 4th quarter. Burney Co. now owns 23,421 shares of the company’s stock worth $2,115,000 after purchasing an additional 113 shares in the last quarter. 92.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DLTR stock opened at $99.29 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 0.36 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $23.68 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.94 and a beta of 0.44. Dollar Tree, Inc. has a one year low of $78.78 and a one year high of $111.61.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.01. The business had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.19 billion. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. Dollar Tree’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 EPS. Research analysts expect that Dollar Tree, Inc. will post 5.27 earnings per share for the current fiscal year.

Several analysts have recently weighed in on DLTR shares. Raymond James set a $107.00 price objective on Dollar Tree and gave the stock a “buy” rating in a report on Tuesday, February 26th. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $108.00 price objective on the stock in a report on Monday, February 4th. Bank of America set a $115.00 price objective on Dollar Tree and gave the stock a “buy” rating in a report on Thursday, March 7th. BMO Capital Markets set a $105.00 price objective on Dollar Tree and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, ValuEngine raised Dollar Tree from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Twelve investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $102.89.

In related news, Director Arnold S. Barron sold 11,667 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $101.61, for a total value of $1,185,483.87. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $1,524,150. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lemuel E. Lewis purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of $99.98 per share, for a total transaction of $99,980.00. Following the purchase, the director now owns 21,114 shares in the company, valued at $2,110,977.72. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 43,561 shares of company stock worth $4,537,642. 1.50% of the stock is owned by insiders.

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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.

See Also: Earnings Per Share (EPS)

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

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