DAVENPORT & Co LLC cut its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 17.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 13,667 shares of the company’s stock after selling 2,850 shares during the quarter. DAVENPORT & Co LLC’s holdings in Dollar Tree were worth $1,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of DLTR. Quadrant Capital Group LLC lifted its position in Dollar Tree by 34.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,835 shares of the company’s stock valued at $251,000 after purchasing an additional 727 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Dollar Tree by 37.1% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,291 shares of the company’s stock valued at $848,000 after purchasing an additional 2,514 shares during the last quarter. Baird Financial Group Inc. lifted its position in Dollar Tree by 6.8% in the 4th quarter. Baird Financial Group Inc. now owns 2,812 shares of the company’s stock valued at $264,000 after purchasing an additional 178 shares during the last quarter. AXA lifted its position in Dollar Tree by 4.3% in the 4th quarter. AXA now owns 7,636 shares of the company’s stock valued at $718,000 after purchasing an additional 317 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in Dollar Tree in the 4th quarter valued at about $253,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Dollar Tree stock opened at $93.35 on Friday. The firm’s 50 day simple moving average is $92.56 and its 200-day simple moving average is $85.44. The company has a market cap of $22.29 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.07 and a beta of 0.63. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.15 and a quick ratio of 0.44. Dollar Tree, Inc. has a fifty-two week low of $60.20 and a fifty-two week high of $119.71.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, May 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.19. The business had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $6.14 billion. Dollar Tree had a net margin of 3.35% and a return on equity of 18.69%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share. On average, analysts expect that Dollar Tree, Inc. will post 4.66 EPS for the current fiscal year.

A number of analysts have commented on the stock. BofA Securities upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $115.00 in a research report on Thursday, July 16th. Deutsche Bank assumed coverage on shares of Dollar Tree in a research report on Friday, July 17th. They set a “hold” rating on the stock. Goldman Sachs Group assumed coverage on shares of Dollar Tree in a research report on Monday, May 18th. They set a “buy” rating and a $89.00 price target on the stock. Morgan Stanley boosted their price target on shares of Dollar Tree from $105.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. Finally, KeyCorp boosted their price target on shares of Dollar Tree from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $104.09.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that 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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