United Fire Group Inc. held its position in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, Holdings Channel reports. The fund owned 6,000 shares of the company’s stock at the end of the second quarter. United Fire Group Inc.’s holdings in Dollar Tree were worth $420,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of DLTR. Meristem LLP boosted its position in Dollar Tree by 0.3% in the first quarter. Meristem LLP now owns 4,520 shares of the company’s stock worth $355,000 after buying an additional 14 shares during the last quarter. IFC Holdings Incorporated FL boosted its position in Dollar Tree by 0.3% in the first quarter. IFC Holdings Incorporated FL now owns 4,797 shares of the company’s stock worth $377,000 after buying an additional 15 shares during the last quarter. Ironwood Investment Management LLC boosted its position in Dollar Tree by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 4,468 shares of the company’s stock worth $312,000 after buying an additional 31 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in Dollar Tree by 0.5% in the first quarter. Wetherby Asset Management Inc. now owns 6,621 shares of the company’s stock worth $519,000 after buying an additional 35 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its position in Dollar Tree by 3.1% in the first quarter. Citizens Financial Group Inc. RI now owns 1,584 shares of the company’s stock worth $125,000 after buying an additional 48 shares during the last quarter. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree, Inc. (NASDAQ DLTR) opened at 73.08 on Friday. The stock’s 50 day moving average price is $70.43 and its 200 day moving average price is $75.73. Dollar Tree, Inc. has a 52-week low of $65.63 and a 52-week high of $97.39. The company has a market cap of $17.30 billion, a P/E ratio of 20.02 and a beta of 0.68.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, May 25th. The company reported $0.98 earnings per share for the quarter, meeting the consensus estimate of $0.98. The business had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.29 billion. Dollar Tree had a return on equity of 17.68% and a net margin of 4.13%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. Analysts expect that Dollar Tree, Inc. will post $4.48 earnings per share for the current year.

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A number of research analysts have recently weighed in on the company. Loop Capital reaffirmed a “buy” rating and set a $86.00 price objective on shares of Dollar Tree in a research report on Wednesday. BMO Capital Markets set a $88.00 price objective on Dollar Tree and gave the company a “hold” rating in a research report on Friday, May 26th. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research report on Tuesday. Buckingham Research reaffirmed a “buy” rating and set a $87.00 price objective on shares of Dollar Tree in a research report on Wednesday. Finally, Sanford C. Bernstein reaffirmed an “underperform” rating and set a $65.00 price objective on shares of Dollar Tree in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $86.91.

In related news, Director Lemuel E. Lewis acquired 1,900 shares of Dollar Tree stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average price of $66.70 per share, for a total transaction of $126,730.00. Following the completion of the transaction, the director now owns 16,404 shares in the company, valued at approximately $1,094,146.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lemuel E. Lewis acquired 3,475 shares of Dollar Tree stock in a transaction that occurred on Friday, June 16th. The shares were bought at an average price of $71.45 per share, for a total transaction of $248,288.75. Following the transaction, the director now owns 12,744 shares of the company’s stock, valued at approximately $910,558.80. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 10,375 shares of company stock worth $705,819. Company insiders own 4.10% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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