Dollar Tree Inc. (NASDAQ:DLTR) shares hit a new 52-week high on Wednesday . The company traded as high as $99.00 and last traded at $98.83, with a volume of 1,123,716 shares changing hands. The stock had previously closed at $95.95.

DLTR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Dollar Tree from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $75.00 price target on shares of Dollar Tree in a research report on Monday, May 16th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Dollar Tree in a research report on Monday, May 16th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $82.00 price target (up from $77.00) on shares of Dollar Tree in a research report on Monday, May 23rd. Finally, Topeka Capital Markets began coverage on Dollar Tree in a research report on Monday, May 23rd. They issued a “buy” rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $94.95.

The stock’s 50-day moving average is $95.23 and its 200 day moving average is $85.10. The firm has a market capitalization of $22.83 billion and a PE ratio of 50.4743.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, May 26th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.08. The business earned $5.09 billion during the quarter, compared to the consensus estimate of $5.10 billion. Dollar Tree’s quarterly revenue was up 133.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Analysts expect that Dollar Tree Inc. will post $3.80 earnings per share for the current year.

In other Dollar Tree news, CEO Bob Sasser sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $85.34, for a total value of $5,120,400.00. Following the sale, the chief executive officer now owns 61,769 shares in the company, valued at $5,271,366.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William A. Old, Jr. sold 2,616 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $90.00, for a total value of $235,440.00. Following the completion of the sale, the insider now owns 5,950 shares in the company, valued at approximately $535,500. The disclosure for this sale can be found here.

A number of hedge funds have added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Dollar Tree by 15.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 714,554 shares of the company’s stock valued at $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 during the period. 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 during the period. BlackRock Advisors LLC raised its position in shares of Dollar Tree by 35.9% in the fourth quarter. BlackRock Advisors LLC now owns 314,064 shares of the company’s stock worth $24,253,000 after buying an additional 82,956 shares during the period. Finally, State of Tennessee Treasury Department raised its position in shares of Dollar Tree by 18.9% in the fourth quarter. State of Tennessee Treasury Department now owns 175,430 shares of the company’s stock worth $13,546,000 after buying an additional 27,824 shares during the period.

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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