Dai Ichi Life Insurance Company Ltd lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 23.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,261 shares of the company’s stock after selling 1,012 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Dollar Tree were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Dollar Tree by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 21,667,705 shares of the company’s stock valued at $1,700,048,000 after acquiring an additional 688,409 shares during the period. BlackRock Inc. lifted its stake in Dollar Tree by 1,996.3% during the 1st quarter. BlackRock Inc. now owns 14,424,151 shares of the company’s stock valued at $1,131,717,000 after acquiring an additional 13,736,060 shares during the period. FMR LLC lifted its stake in Dollar Tree by 2.2% during the 1st quarter. FMR LLC now owns 11,584,967 shares of the company’s stock valued at $908,957,000 after acquiring an additional 250,483 shares during the period. State Street Corp lifted its stake in Dollar Tree by 2.5% during the 1st quarter. State Street Corp now owns 9,886,212 shares of the company’s stock valued at $775,667,000 after acquiring an additional 239,221 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Dollar Tree by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 4,981,951 shares of the company’s stock valued at $390,884,000 after acquiring an additional 16,823 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

Several brokerages have recently weighed in on DLTR. Zacks Investment Research cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Sanford C. Bernstein upgraded shares of Dollar Tree from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Loop Capital reiterated a “buy” rating and issued a $88.00 price objective (up previously from $86.00) on shares of Dollar Tree in a research note on Saturday, August 26th. Raymond James Financial, Inc. dropped coverage on shares of Dollar Tree in a research note on Saturday, August 26th. Finally, BMO Capital Markets set a $90.00 price objective on shares of Dollar Tree and gave the stock a “market perform” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $88.04.

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In other news, insider Gary M. Philbin sold 9,950 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $84.54, for a total value of $841,173.00. Following the transaction, the insider now owns 34,532 shares in the company, valued at approximately $2,919,335.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gary M. Philbin sold 2,795 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total value of $236,177.50. Following the completion of the transaction, the insider now owns 34,532 shares in the company, valued at approximately $2,917,954. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,849 shares of company stock worth $2,528,548. Company insiders own 2.90% of the company’s stock.

Dollar Tree, Inc. (DLTR) opened at 83.48 on Monday. The firm has a 50-day moving average price of $77.55 and a 200 day moving average price of $76.03. The stock has a market cap of $19.77 billion, a price-to-earnings ratio of 21.36 and a beta of 0.68. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $91.41.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. Dollar Tree’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. On average, equities research analysts anticipate that Dollar Tree, Inc. will post $4.66 EPS for the current fiscal year.

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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