Pictet Asset Management Ltd. reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 4.6% during the second quarter, Holdings Channel reports. The fund owned 119,459 shares of the company’s stock after selling 5,700 shares during the period. Pictet Asset Management Ltd.’s holdings in Dollar Tree were worth $9,282,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DLTR. Independent Portfolio Consultants Inc. boosted its position in shares of Dollar Tree by 90.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,575 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in shares of Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in shares of Dollar Tree during the first quarter worth about $124,000. YorkBridge Wealth Partners LLC boosted its position in shares of Dollar Tree by 3.7% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,841 shares of the company’s stock worth $150,000 after buying an additional 66 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Dollar Tree during the first quarter worth about $150,000. Institutional investors own 91.56% of the company’s stock.

Dollar Tree, Inc. (DLTR) opened at 74.62 on Tuesday. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $96.40. The firm has a 50-day moving average price of $70.82 and a 200 day moving average price of $75.69. The company has a market capitalization of $17.66 billion, a P/E ratio of 20.44 and a beta of 0.68.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Thursday, May 25th. The company reported $0.98 earnings per share for the quarter, meeting the consensus estimate of $0.98. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. Dollar Tree’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. On average, equities analysts predict that Dollar Tree, Inc. will post $4.48 EPS for the current year.

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A number of brokerages recently issued reports on DLTR. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Buckingham Research reiterated a “buy” rating and issued a $87.00 price target on shares of Dollar Tree in a research note on Wednesday, August 9th. Loop Capital reiterated a “buy” rating and issued a $86.00 price target on shares of Dollar Tree in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, August 8th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $95.00 price target (down previously from $100.00) on shares of Dollar Tree in a research note on Sunday, May 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. Dollar Tree has a consensus rating of “Hold” and a consensus price target of $86.91.

In other Dollar Tree news, Director Conrad M. Hall acquired 5,000 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was acquired at an average cost of $66.16 per share, for a total transaction of $330,800.00. Following the completion of the transaction, the director now directly owns 63,299 shares of the company’s stock, valued at $4,187,861.84. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lemuel E. Lewis acquired 3,475 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was acquired at an average price of $71.45 per share, with a total value of $248,288.75. Following the completion of the transaction, the director now directly owns 12,744 shares of the company’s stock, valued at $910,558.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 10,375 shares of company stock valued at $705,819. 2.90% of the stock is owned by company insiders.

Dollar Tree Company Profile

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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