Dollar Tree Inc. (NASDAQ:DLTR) shares saw unusually-strong trading volume on Wednesday . Approximately 1,506,460 shares changed hands during trading, a decline of 4% from the previous session’s volume of 1,577,114 shares.The stock last traded at $94.93 and had previously closed at $95.51.

A number of equities analysts have commented on DLTR shares. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Dollar Tree in a report on Wednesday, July 6th. Deutsche Bank AG raised Dollar Tree from a “hold” rating to a “buy” rating and increased their price target for the company from $82.00 to $110.00 in a report on Monday, August 1st. MKM Partners reaffirmed a “buy” rating on shares of Dollar Tree in a report on Tuesday. Vetr raised Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $112.00 price target for the company in a report on Wednesday, July 6th. Finally, Buckingham Research reaffirmed a “buy” rating and issued a $106.00 price target on shares of Dollar Tree in a report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $94.95.

The stock has a 50 day moving average price of $95.77 and a 200 day moving average price of $86.17. The firm has a market capitalization of $22.37 billion and a P/E ratio of 49.47.

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

In other Dollar Tree news, VP Jason S. Reiser sold 6,586 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $90.03, for a total value of $592,937.58. Following the completion of the transaction, the vice president now directly owns 3,134 shares of the company’s stock, valued at approximately $282,154.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William A. Old, Jr. sold 2,616 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $90.00, for a total transaction of $235,440.00. Following the completion of the transaction, the insider now directly owns 5,950 shares of the company’s stock, valued at $535,500. The disclosure for this sale can be found here.

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in 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 during the last quarter. BlackRock Advisors LLC boosted 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 valued at $24,253,000 after buying an additional 82,956 shares during the last quarter. US Bancorp DE boosted 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 valued at $28,465,000 after buying an additional 57,270 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Dollar Tree during the fourth quarter valued at approximately $3,330,000. Finally, State of Tennessee Treasury Department boosted 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 valued at $13,546,000 after buying an additional 27,824 shares during 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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