Sigma Planning Corp increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 36.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,068 shares of the company’s stock after acquiring an additional 1,883 shares during the quarter. Sigma Planning Corp’s holdings in Dollar Tree were worth $807,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DLTR. Vanguard Group Inc. lifted its stake in Dollar Tree by 4.7% in the second quarter. Vanguard Group Inc. now owns 25,251,187 shares of the company’s stock valued at $2,711,724,000 after buying an additional 1,124,357 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Dollar Tree by 15.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 20,778,093 shares of the company’s stock valued at $2,231,360,000 after buying an additional 2,816,679 shares during the last quarter. BlackRock Inc. lifted its stake in Dollar Tree by 6.5% in the second quarter. BlackRock Inc. now owns 20,601,534 shares of the company’s stock valued at $2,212,401,000 after buying an additional 1,260,064 shares during the last quarter. Northern Trust Corp lifted its stake in Dollar Tree by 2.5% in the second quarter. Northern Trust Corp now owns 2,999,892 shares of the company’s stock valued at $322,158,000 after buying an additional 73,236 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Dollar Tree by 5.8% in the second quarter. Wells Fargo & Company MN now owns 2,287,155 shares of the company’s stock valued at $245,618,000 after buying an additional 124,572 shares during the last quarter. Hedge funds and other institutional investors own 94.13% of the company’s stock.

Shares of DLTR stock opened at $112.47 on Friday. The business’s fifty day moving average price is $114.03 and its 200 day moving average price is $106.68. Dollar Tree, Inc. has a 1-year low of $81.02 and a 1-year high of $119.71. The firm has a market capitalization of $26.80 billion, a PE ratio of 20.64, a P/E/G ratio of 2.74 and a beta of 0.55. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 0.21.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.20). Dollar Tree had a positive return on equity of 19.76% and a negative net margin of 6.77%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the company earned $1.15 EPS. The company’s revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that Dollar Tree, Inc. will post 5.18 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. Wells Fargo & Co upped their price target on Dollar Tree from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. UBS Group set a $120.00 price target on Dollar Tree and gave the stock a “buy” rating in a research note on Friday, October 11th. ValuEngine cut Dollar Tree from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Credit Suisse Group upped their price target on Dollar Tree from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Citigroup set a $120.00 price target on Dollar Tree and gave the stock a “hold” rating in a research note on Friday, September 27th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Dollar Tree currently has an average rating of “Buy” and a consensus target price of $110.34.

In other Dollar Tree news, Director Thomas A. Saunders sold 1,000 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $116.20, for a total value of $116,200.00. Following the sale, the director now owns 2,380,145 shares of the company’s stock, valued at $276,572,849. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Bob Sasser sold 70,000 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $115.92, for a total value of $8,114,400.00. Following the completion of the sale, the chairman now directly owns 719 shares in the company, valued at approximately $83,346.48. The disclosure for this sale can be found here. Insiders sold 81,519 shares of company stock worth $9,408,464 in the last three months. 1.40% of the stock is owned by corporate insiders.

Dollar Tree Profile

Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that 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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