Korea Investment CORP reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,744 shares of the company’s stock after selling 2,200 shares during the quarter. Korea Investment CORP’s holdings in Dollar Tree were worth $4,568,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DLTR. Signet Financial Management LLC acquired a new stake in shares of Dollar Tree during the 2nd quarter valued at approximately $121,000. Coronation Fund Managers Ltd. acquired a new stake in shares of Dollar Tree during the 2nd quarter valued at approximately $15,527,000. ING Groep NV raised its position in shares of Dollar Tree by 5.0% during the 2nd quarter. ING Groep NV now owns 32,209 shares of the company’s stock valued at $2,738,000 after acquiring an additional 1,546 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in shares of Dollar Tree by 1.4% during the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 79,052 shares of the company’s stock valued at $6,719,000 after acquiring an additional 1,075 shares in the last quarter. Finally, Chescapmanager LLC acquired a new stake in shares of Dollar Tree during the 2nd quarter valued at approximately $1,275,000. Institutional investors own 92.17% of the company’s stock.

Shares of DLTR opened at $84.97 on Thursday. Dollar Tree, Inc. has a one year low of $79.17 and a one year high of $116.65. The firm has a market cap of $19.94 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.08 and a beta of 0.77. The company has a current ratio of 2.24, a quick ratio of 0.52 and a debt-to-equity ratio of 0.66.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.01). Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The firm had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the prior year, the business earned $0.99 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. sell-side analysts anticipate that Dollar Tree, Inc. will post 5.5 EPS for the current year.

In other news, Director Thomas E. Whiddon bought 2,250 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was acquired at an average price of $88.78 per share, with a total value of $199,755.00. Following the completion of the purchase, the director now directly owns 26,121 shares of the company’s stock, valued at approximately $2,319,022.38. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.

Several research firms recently issued reports on DLTR. Credit Suisse Group set a $114.00 price target on Dollar Tree and gave the company a “buy” rating in a research report on Tuesday, May 29th. Cleveland Research lowered Dollar Tree from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 16th. Zacks Investment Research raised 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 Dollar Tree to a “positive” rating in a research report on Wednesday, August 22nd. Finally, BidaskClub lowered Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $102.26.

About Dollar Tree

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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