Andra AP fonden lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,200 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. Andra AP fonden’s holdings in Dollar Tree were worth $3,577,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in DLTR. Independent Portfolio Consultants Inc. raised its stake in shares of Dollar Tree by 18.1% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after purchasing an additional 285 shares during the last quarter. Bank of Montreal Can grew its holdings in Dollar Tree by 42.0% during the second quarter. Bank of Montreal Can now owns 271,604 shares of the company’s stock worth $18,991,000 after acquiring an additional 80,337 shares during the period. Gateway Investment Advisers LLC grew its holdings in Dollar Tree by 1.2% during the second quarter. Gateway Investment Advisers LLC now owns 46,086 shares of the company’s stock worth $3,222,000 after acquiring an additional 525 shares during the period. State of Alaska Department of Revenue grew its holdings in Dollar Tree by 17.7% during the second quarter. State of Alaska Department of Revenue now owns 2,594 shares of the company’s stock worth $181,000 after acquiring an additional 390 shares during the period. Finally, National Pension Service grew its holdings in Dollar Tree by 10.4% during the second quarter. National Pension Service now owns 244,065 shares of the company’s stock worth $17,019,000 after acquiring an additional 22,894 shares during the period. Institutional investors and hedge funds own 90.53% of the company’s stock.

Shares of Dollar Tree, Inc. (NASDAQ DLTR) opened at $93.90 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.83 and a quick ratio of 0.43. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $94.80. The stock has a market capitalization of $22,173.40, a price-to-earnings ratio of 22.45, a PEG ratio of 1.52 and a beta of 0.59.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) 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 business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same period in the prior year, the business earned $0.72 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. sell-side analysts anticipate that Dollar Tree, Inc. will post 4.66 EPS for the current fiscal year.

A number of brokerages recently weighed in on DLTR. BMO Capital Markets reaffirmed a “hold” rating and set a $90.00 price objective on shares of Dollar Tree in a report on Thursday, November 2nd. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Wednesday. Loop Capital reaffirmed a “buy” rating and set a $86.00 price objective on shares of Dollar Tree in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $85.00 price objective on shares of Dollar Tree in a report on Tuesday, October 31st. Eleven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $92.13.

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In related news, insider William A. Old, Jr. sold 1,487 shares of the stock in a transaction dated 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 can be accessed through the SEC website. Also, Chairman Macon F. Brock, Jr. sold 63,000 shares of the stock in a transaction dated Friday, October 13th. The stock was 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. Insiders have sold 251,449 shares of company stock worth $22,808,837 over the last quarter. 4.10% of the stock is currently owned by company insiders.

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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