Dollar Tree Inc. (NASDAQ:DLTR) shares hit a new 52-week high during trading on Monday . The stock traded as high as $96.45 and last traded at $96.28, with a volume of 379,695 shares. The stock had previously closed at $96.13.

Several brokerages recently commented on DLTR. Jefferies Group reaffirmed a “hold” rating on shares of Dollar Tree in a research report on Saturday, April 9th. Telsey Advisory Group reaffirmed a “buy” rating on shares of Dollar Tree in a research report on Sunday, May 29th. BTIG Research began coverage on Dollar Tree in a research report on Wednesday, June 1st. They issued a “buy” rating and a $104.00 target price for the company. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research report on Monday, July 11th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Dollar Tree in a research report on Sunday, May 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $93.68.

The firm’s 50 day moving average price is $93.17 and its 200 day moving average price is $83.23. The firm has a market capitalization of $22.69 billion and a P/E ratio of 50.18.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, May 26th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.08. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s revenue was up 133.6% compared to the same quarter last year. Equities research analysts predict that Dollar Tree Inc. will post $3.79 EPS for the current year.

In other Dollar Tree news, Director Thomas A. Saunders sold 5,000 shares of the company’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $95.50, for a total value of $477,500.00. Following the transaction, the director now directly owns 2,310,387 shares of the company’s stock, valued at approximately $220,641,958.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bob Sasser sold 60,000 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $85.34, for a total value of $5,120,400.00. Following the completion of the transaction, the chief executive officer now directly owns 61,769 shares in the company, valued at $5,271,366.46. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. raised 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 raised 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 raised 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. Eagle Asset Management raised 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. Finally, US Bancorp DE raised its position in shares of Dollar Tree by 18.4% in the fourth quarter. US Bancorp DE now owns 368,625 shares of the company’s stock worth $28,465,000 after buying an additional 57,270 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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