Brown Advisory Inc. grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 88.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,690 shares of the company’s stock after purchasing an additional 16,779 shares during the period. Brown Advisory Inc.’s holdings in Dollar Tree were worth $2,910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price Capital Management Inc. bought a new stake in shares of Dollar Tree in the third quarter valued at approximately $106,000. SRS Capital Advisors Inc. raised its position in shares of Dollar Tree by 252.9% in the third quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock valued at $115,000 after purchasing an additional 1,009 shares during the period. Signet Financial Management LLC bought a new stake in shares of Dollar Tree in the second quarter valued at approximately $121,000. Stelac Advisory Services LLC bought a new stake in shares of Dollar Tree in the third quarter valued at approximately $121,000. Finally, grace capital bought a new stake in shares of Dollar Tree in the second quarter valued at approximately $153,000. 92.14% of the stock is currently owned by institutional investors.

Dollar Tree stock opened at $83.39 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.48 and a current ratio of 2.22. The company has a market cap of $20.52 billion, a P/E ratio of 15.94, a PEG ratio of 1.15 and a beta of 0.65. Dollar Tree, Inc. has a 1-year low of $78.78 and a 1-year high of $116.65.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, November 29th. The company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.03. The business had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.55 billion. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. Dollar Tree’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 EPS. Research analysts expect that Dollar Tree, Inc. will post 5.45 EPS for the current year.

In other news, Director Lemuel E. Lewis bought 1,210 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were acquired at an average price of $82.75 per share, with a total value of $100,127.50. Following the acquisition, the director now owns 20,114 shares of the company’s stock, valued at approximately $1,664,433.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research report on Tuesday, August 14th. OTR Global lowered shares of Dollar Tree to a “positive” rating in a research report on Wednesday, August 22nd. BidaskClub lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. Atlantic Securities raised shares of Dollar Tree from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a research report on Monday, August 13th. Finally, Morgan Stanley lowered their price target on shares of Dollar Tree from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday, November 30th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $101.64.

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Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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

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