Dollar Tree Inc. (NASDAQ:DLTR) shares reached a new 52-week high on Monday . The company traded as high as $96.27 and last traded at $95.68, with a volume of 698,148 shares trading hands. The stock had previously closed at $94.34.

A number of research analysts have weighed in on DLTR shares. Jefferies Group reiterated a “hold” rating and set a $75.00 price objective on shares of Dollar Tree in a research report on Monday, May 16th. Deutsche Bank AG reiterated a “hold” rating on shares of Dollar Tree in a research report on Tuesday, March 22nd. Topeka Capital Markets initiated coverage on shares of Dollar Tree in a research report on Monday, May 23rd. They set a “buy” rating and a $105.00 price objective on the stock. Sterne Agee CRT reissued a “buy” rating on shares of Dollar Tree in a research note on Monday, May 16th. Finally, Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Monday, July 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $93.68.

The firm has a market cap of $22.52 billion and a P/E ratio of 49.80. The firm has a 50-day moving average of $92.50 and a 200 day moving average of $82.64.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, May 26th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.08. The business earned $5.09 billion during the quarter, compared to analysts’ expectations of $5.10 billion. The company’s revenue for the quarter was up 133.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. Analysts expect that Dollar Tree Inc. will post $3.79 earnings per share for the current year.

In related news, insider Robert H. Rudman sold 2,232 shares of the stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $80.71, for a total value of $180,144.72. Following the completion of the transaction, the insider now owns 4,269 shares of the company’s stock, valued at $344,550.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Saunders sold 5,000 shares of the stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $95.50, for a total value of $477,500.00. Following the completion of the transaction, the director now directly owns 2,310,387 shares of the company’s stock, valued at approximately $220,641,958.50. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Dollar Tree by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 19,092,357 shares of the company’s stock worth $1,474,311,000 after buying an additional 540,881 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Dollar Tree by 933.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,601,879 shares of the company’s stock worth $278,136,000 after buying an additional 3,253,252 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Dollar Tree by 15.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 714,554 shares of the company’s stock worth $55,180,000 after buying an additional 93,763 shares in the last quarter. Morgan Stanley increased its position in shares of Dollar Tree by 12.5% in the fourth quarter. Morgan Stanley now owns 675,307 shares of the company’s stock worth $52,147,000 after buying an additional 74,900 shares in the last quarter. Finally, Eagle Asset Management increased its position in shares of Dollar Tree by 166.0% in the third quarter. Eagle Asset Management now owns 419,522 shares of the company’s stock worth $27,964,000 after buying an additional 261,833 shares in the last quarter.

Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.

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