Gyroscope Capital Management Group LLC held its position in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,462 shares of the company’s stock at the close of the second quarter. Gyroscope Capital Management Group LLC’s holdings in Dollar Tree were worth $522,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlueMountain Capital Management LLC increased its stake in Dollar Tree by 119.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after purchasing an additional 825 shares during the period. Sun Life Financial INC increased its stake in Dollar Tree by 17,100.0% in the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after purchasing an additional 1,710 shares during the period. FNY Managed Accounts LLC acquired a new position in Dollar Tree in the first quarter valued at $124,000. Citizens Financial Group Inc. RI increased its stake 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 purchasing an additional 48 shares during the period. Finally, Independent Portfolio Consultants Inc. increased its stake in Dollar Tree by 18.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock valued at $130,000 after purchasing an additional 285 shares during the period. Institutional investors own 90.74% of the company’s stock.

Dollar Tree, Inc. (NASDAQ DLTR) traded up 0.30% during mid-day trading on Friday, reaching $89.42. 2,524,410 shares of the company were exchanged. The company’s 50 day moving average price is $82.68 and its 200-day moving average price is $77.12. The stock has a market capitalization of $21.18 billion, a P/E ratio of 22.88 and a beta of 0.70. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $91.41.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 24th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.12. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. Dollar Tree’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. On average, equities analysts expect that Dollar Tree, Inc. will post $4.68 earnings per share for the current fiscal year.

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In other Dollar Tree news, Director Conrad M. Hall acquired 5,000 shares of the stock in a transaction dated Monday, July 10th. The shares were bought at an average price of $66.16 per share, with a total value of $330,800.00. Following the purchase, the director now directly owns 63,299 shares of the company’s stock, valued at approximately $4,187,861.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas A. Saunders sold 13,660 shares of Dollar Tree stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $68.75, for a total transaction of $939,125.00. Following the completion of the transaction, the director now directly owns 2,390,881 shares in the company, valued at approximately $164,373,068.75. The disclosure for this sale can be found here. Insiders sold a total of 39,445 shares of company stock worth $3,022,395 in the last ninety days. Corporate insiders own 4.10% of the company’s stock.

A number of research analysts have commented on the stock. Cleveland Research upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Wednesday. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Loop Capital restated a “buy” rating and issued a $86.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. Piper Jaffray Companies restated a “hold” rating and issued a $85.00 price objective on shares of Dollar Tree in a research note on Friday, September 29th. Finally, Buckingham Research restated a “buy” rating and issued a $87.00 price objective on shares of Dollar Tree in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Dollar Tree currently has a consensus rating of “Buy” and an average target price of $88.91.

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.

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

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