Chevy Chase Trust Holdings Inc. boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 205,564 shares of the company’s stock after buying an additional 346 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Dollar Tree were worth $14,373,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. National Pension Service increased its stake in Dollar Tree by 10.4% in the second quarter. National Pension Service now owns 244,065 shares of the company’s stock valued at $17,019,000 after buying an additional 22,894 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Dollar Tree by 17.7% in the second quarter. State of Alaska Department of Revenue now owns 2,594 shares of the company’s stock valued at $181,000 after buying an additional 390 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Dollar Tree by 1.2% in the second quarter. Gateway Investment Advisers LLC now owns 46,086 shares of the company’s stock valued at $3,222,000 after buying an additional 525 shares in the last quarter. Bank of Montreal Can increased its stake in Dollar Tree by 42.0% in the second quarter. Bank of Montreal Can now owns 271,604 shares of the company’s stock valued at $18,991,000 after buying an additional 80,337 shares in the last quarter. Finally, Alta Capital Management LLC increased its stake in Dollar Tree by 14.3% in the second quarter. Alta Capital Management LLC now owns 700,020 shares of the company’s stock valued at $48,945,000 after buying an additional 87,689 shares in the last quarter. Hedge funds and other institutional investors own 92.40% of the company’s stock.

Shares of Dollar Tree, Inc. (DLTR) opened at 69.11 on Monday. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $99.93. The stock’s 50 day moving average price is $75.47 and its 200 day moving average price is $77.59. The firm has a market cap of $16.36 billion, a PE ratio of 18.93 and a beta of 0.68.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, May 25th. The company reported $0.98 EPS for the quarter, meeting the consensus estimate of $0.98. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same period in the previous year, the company posted $0.89 EPS. Dollar Tree’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts predict that Dollar Tree, Inc. will post $4.50 EPS for the current fiscal year.

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Several equities research analysts recently issued reports on the company. Deutsche Bank AG reiterated a “buy” rating and issued a $95.00 price objective on shares of Dollar Tree in a report on Tuesday, July 4th. Sanford C. Bernstein reissued an “underperform” rating and set a $65.00 target price on shares of Dollar Tree in a research note on Friday, June 30th. BidaskClub raised Dollar Tree from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Loop Capital raised Dollar Tree from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $86.00 in a research note on Wednesday, June 28th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $86.00 target price (up from $85.00) on shares of Dollar Tree in a research note on Sunday, June 11th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $87.57.

In other news, Director Thomas A. Saunders sold 13,660 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $68.75, for a total transaction of $939,125.00. Following the transaction, the director now directly owns 2,390,881 shares in the company, valued at approximately $164,373,068.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bob Sasser sold 40,029 shares of the business’s stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $79.00, for a total transaction of $3,162,291.00. Following the transaction, the chief executive officer now owns 65,070 shares in the company, valued at $5,140,530. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 10,375 shares of company stock worth $705,819 and have sold 64,482 shares worth $4,881,476. Insiders own 2.90% of the company’s stock.

About Dollar Tree

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.

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

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