Municipal Employees Retirement System of Michigan reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 19.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,117 shares of the company’s stock after selling 1,460 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Dollar Tree were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its stake in shares of Dollar Tree by 17.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,594 shares of the company’s stock valued at $181,000 after acquiring an additional 390 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Dollar Tree by 8.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 8,084 shares of the company’s stock valued at $565,000 after acquiring an additional 652 shares during the last quarter. Rothschild Asset Management Inc. increased its stake in shares of Dollar Tree by 23.6% in the 2nd quarter. Rothschild Asset Management Inc. now owns 7,984 shares of the company’s stock valued at $558,000 after acquiring an additional 1,522 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Dollar Tree by 3.5% in the 2nd quarter. CIBC Asset Management Inc now owns 36,285 shares of the company’s stock valued at $2,537,000 after acquiring an additional 1,242 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Dollar Tree by 5.5% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,109 shares of the company’s stock valued at $287,000 after acquiring an additional 215 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

In other Dollar Tree news, Director Thomas A. Saunders sold 33,750 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the completion of the transaction, the director now owns 2,332,294 shares of the company’s stock, valued at approximately $248,016,143.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gary M. Philbin sold 9,950 shares of the company’s stock in a transaction that occurred on 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 directly owns 34,532 shares of the company’s stock, valued at approximately $2,919,335.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 382,141 shares of company stock valued at $36,142,631. Insiders own 2.90% of the company’s stock.

Dollar Tree, Inc. (NASDAQ DLTR) opened at $106.37 on Tuesday. Dollar Tree, Inc. has a 12-month low of $65.63 and a 12-month high of $107.11. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. The firm has a market capitalization of $25,220.00, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 1.62 and a beta of 0.64.

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

A number of analysts have recently commented on the company. Moffett Nathanson assumed coverage on Dollar Tree in a research note on Monday. They issued a “buy” rating for the company. Loop Capital reaffirmed a “buy” rating and issued a $86.00 price target on shares of Dollar Tree in a research note on Wednesday, August 9th. BTIG Research reaffirmed a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a research note on Wednesday, August 23rd. Sanford C. Bernstein raised Dollar Tree from an “underperform” rating to a “market perform” rating and upped their price target for the company from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Finally, Buckingham Research upped their price target on Dollar Tree from $87.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Eleven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Dollar Tree has an average rating of “Buy” and an average price target of $99.92.

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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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