IMS Capital Management increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.8% during the second quarter, Holdings Channel reports. The fund owned 25,984 shares of the company’s stock after buying an additional 951 shares during the period. Dollar Tree makes up about 1.7% of IMS Capital Management’s portfolio, making the stock its 4th largest position. IMS Capital Management’s holdings in Dollar Tree were worth $1,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meristem LLP boosted its position in Dollar Tree by 0.3% in the first quarter. Meristem LLP now owns 4,520 shares of the company’s stock valued at $355,000 after buying an additional 14 shares during the last quarter. IFC Holdings Incorporated FL boosted its position in Dollar Tree by 0.3% in the first quarter. IFC Holdings Incorporated FL now owns 4,797 shares of the company’s stock valued at $377,000 after buying an additional 15 shares during the last quarter. Ironwood Investment Management LLC boosted its position in Dollar Tree by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock valued at $312,000 after buying an additional 31 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in Dollar Tree by 0.5% in the first quarter. Wetherby Asset Management Inc. now owns 6,621 shares of the company’s stock valued at $519,000 after buying an additional 35 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its position in Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock valued at $125,000 after buying an additional 48 shares during the last quarter. 91.56% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree, Inc. (NASDAQ DLTR) opened at 73.44 on Wednesday. The company’s 50 day moving average is $70.96 and its 200-day moving average is $75.68. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $96.40. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 20.12 and a beta of 0.68. Dollar Tree also was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 27,648 call options on the company. This is an increase of approximately 861% compared to the typical daily volume of 2,876 call options.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, May 25th. The company reported $0.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.98. Dollar Tree had a net margin of 4.13% and a return on equity of 17.68%. The firm had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter last year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts expect that Dollar Tree, Inc. will post $4.48 earnings per share for the current fiscal year.

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Several research firms have recently weighed in on DLTR. Loop Capital reissued a “buy” rating and set a $86.00 price objective on shares of Dollar Tree in a report on Wednesday, August 9th. BMO Capital Markets set a $88.00 price objective on shares of Dollar Tree and gave the company a “hold” rating in a report on Friday, May 26th. BidaskClub raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Buckingham Research reissued a “buy” rating and set a $87.00 price objective on shares of Dollar Tree in a report on Wednesday, August 9th. Finally, Sanford C. Bernstein reissued an “underperform” rating and set a $65.00 price objective on shares of Dollar Tree in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. Dollar Tree currently has a consensus rating of “Hold” and an average price target of $86.91.

In related news, Director Thomas A. Saunders sold 13,660 shares of Dollar Tree stock in a transaction on Friday, July 14th. The shares were sold at an average price of $68.75, for a total value of $939,125.00. Following the sale, the director now owns 2,390,881 shares of the company’s stock, valued at approximately $164,373,068.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas A. Saunders sold 7,444 shares of Dollar Tree stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $68.79, for a total transaction of $512,072.76. Following the completion of the sale, the director now directly owns 2,390,881 shares in the company, valued at approximately $164,468,703.99. The disclosure for this sale can be found here. Insiders purchased a total of 10,375 shares of company stock worth $705,819 in the last three months. 2.90% of the stock is owned by corporate insiders.

Dollar Tree Company 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.

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

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