Nordea Investment Management AB grew its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,134,383 shares of the company’s stock after purchasing an additional 49,082 shares during the quarter. Nordea Investment Management AB owned approximately 0.90% of Dollar Tree worth $185,307,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. ETRADE Capital Management LLC increased its holdings in shares of Dollar Tree by 77.3% during the 3rd quarter. ETRADE Capital Management LLC now owns 42,871 shares of the company’s stock valued at $3,722,000 after purchasing an additional 18,691 shares in the last quarter. Peloton Wealth Strategists increased its holdings in shares of Dollar Tree by 4.2% during the 3rd quarter. Peloton Wealth Strategists now owns 17,875 shares of the company’s stock valued at $1,552,000 after purchasing an additional 725 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Dollar Tree by 11.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 111,826 shares of the company’s stock valued at $9,709,000 after purchasing an additional 11,736 shares in the last quarter. South Dakota Investment Council increased its holdings in shares of Dollar Tree by 133.9% during the 3rd quarter. South Dakota Investment Council now owns 26,900 shares of the company’s stock valued at $2,335,000 after purchasing an additional 15,400 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. purchased a new position in shares of Dollar Tree during the 3rd quarter valued at approximately $9,396,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Shares of Dollar Tree, Inc. (DLTR) opened at $98.38 on Friday. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $100.74. The stock has a market cap of $23,325.50, a price-to-earnings ratio of 22.51, a PEG ratio of 1.54 and a beta of 0.59. The company has a current ratio of 1.95, a quick ratio of 0.43 and a debt-to-equity ratio of 0.91.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts forecast that Dollar Tree, Inc. will post 4.84 EPS for the current fiscal year.

Several brokerages recently commented on DLTR. Barclays PLC reissued a “hold” rating and issued a $100.00 price target on shares of Dollar Tree in a report on Friday. MKM Partners boosted their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday. Sanford C. Bernstein reissued a “market perform” rating and issued a $87.00 price target (up previously from $78.00) on shares of Dollar Tree in a report on Wednesday. KeyCorp reissued an “overweight” rating and issued a $115.00 price target (up previously from $98.00) on shares of Dollar Tree in a report on Wednesday. Finally, Royal Bank Of Canada boosted their price target on shares of Dollar Tree from $102.00 to $111.00 and gave the stock a “top pick” rating in a report on Wednesday. Eleven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $98.88.

In other news, insider Gary M. Philbin sold 2,795 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the transaction, the insider now owns 34,532 shares of the company’s stock, valued at approximately $2,917,954. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William A. Old, Jr. sold 1,487 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 260,641 shares of company stock worth $23,726,199. Corporate insiders own 4.10% of the company’s stock.

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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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