Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 10.3% during the second quarter, Holdings Channel reports. The fund owned 33,995 shares of the company’s stock after selling 3,919 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Dollar Tree were worth $2,377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DLTR. BlackRock Inc. boosted its position in shares of Dollar Tree by 1,996.3% in the first quarter. BlackRock Inc. now owns 14,424,151 shares of the company’s stock valued at $1,131,717,000 after buying an additional 13,736,060 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Dollar Tree by 888.9% in the first quarter. Nordea Investment Management AB now owns 2,057,360 shares of the company’s stock valued at $161,420,000 after buying an additional 1,849,314 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Dollar Tree by 3.3% in the first quarter. Vanguard Group Inc. now owns 21,667,705 shares of the company’s stock valued at $1,700,048,000 after buying an additional 688,409 shares in the last quarter. CI Global Investments Inc. boosted its position in shares of Dollar Tree by 186.3% in the first quarter. CI Global Investments Inc. now owns 900,541 shares of the company’s stock valued at $70,656,000 after buying an additional 586,012 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Dollar Tree by 15.4% in the first quarter. Alliancebernstein L.P. now owns 3,493,430 shares of the company’s stock valued at $274,095,000 after buying an additional 465,226 shares in the last quarter. Institutional investors and hedge funds own 91.56% of the company’s stock.

Dollar Tree, Inc. (NASDAQ DLTR) opened at 74.62 on Tuesday. The firm’s 50-day moving average price is $70.82 and its 200 day moving average price is $75.69. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $96.40. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 20.44 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 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The business had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. On average, analysts anticipate that Dollar Tree, Inc. will post $4.48 earnings per share for the current year.

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DLTR has been the topic of several recent analyst reports. Johnson Rice upgraded shares of Dollar Tree from an “accumulate” rating to a “buy” rating in a report on Monday, April 24th. Gordon Haskett initiated coverage on shares of Dollar Tree in a report on Tuesday, May 9th. They issued a “buy” rating and a $98.00 target price on the stock. BTIG Research restated a “buy” rating and issued a $98.00 target price on shares of Dollar Tree in a report on Monday, May 22nd. Deutsche Bank AG raised their target price on shares of Dollar Tree from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Finally, BMO Capital Markets set a $88.00 target price on shares of Dollar Tree and gave the stock a “hold” rating in a report on Friday, May 26th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $86.91.

In other news, Director Thomas A. Saunders sold 13,660 shares of the stock in a transaction 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 transaction, 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 link. Also, Director Thomas A. Saunders sold 7,444 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $68.79, for a total value of $512,072.76. Following the transaction, 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 have bought a total of 10,375 shares of company stock worth $705,819 in the last three months. Corporate 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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