Glenmede Trust Co. NA increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 627,800 shares of the company’s stock after buying an additional 54,964 shares during the period. Glenmede Trust Co. NA owned about 0.26% of Dollar Tree worth $53,362,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DLTR. Scharf Investments LLC acquired a new stake in Dollar Tree during the 2nd quarter worth approximately $113,994,000. Janus Henderson Group PLC boosted its position in Dollar Tree by 183.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,893,177 shares of the company’s stock worth $160,920,000 after buying an additional 1,225,950 shares during the period. Macquarie Group Ltd. lifted its position in shares of Dollar Tree by 12.4% in the 2nd quarter. Macquarie Group Ltd. now owns 7,717,972 shares of the company’s stock worth $656,029,000 after purchasing an additional 852,139 shares during the period. Dorsal Capital Management LLC lifted its position in shares of Dollar Tree by 144.4% in the 2nd quarter. Dorsal Capital Management LLC now owns 1,100,000 shares of the company’s stock worth $93,500,000 after purchasing an additional 650,000 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Dollar Tree in the 2nd quarter worth approximately $51,247,000. Institutional investors and hedge funds own 92.14% of the company’s stock.

Dollar Tree stock opened at $85.50 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 2.24. Dollar Tree, Inc. has a 12-month low of $79.17 and a 12-month high of $116.65. The firm has a market cap of $20.12 billion, a P/E ratio of 17.59, a P/E/G ratio of 1.08 and a beta of 0.78.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.01). Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The company had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. equities research analysts expect that Dollar Tree, Inc. will post 5.5 EPS for the current fiscal year.

A number of research analysts have recently issued reports on the stock. OTR Global downgraded shares of Dollar Tree to a “positive” rating in a research report on Wednesday, August 22nd. Telsey Advisory Group downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $100.00 to $90.00 in a research report on Friday, August 31st. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to an “accumulate” rating and set a $98.00 price target on the stock. in a research report on Monday, June 4th. ValuEngine downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Finally, Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research report on Tuesday, August 14th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Dollar Tree presently has an average rating of “Hold” and a consensus target price of $102.26.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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