Tandem Investment Advisors Inc. decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 25.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,655 shares of the company’s stock after selling 1,261 shares during the period. Tandem Investment Advisors Inc.’s holdings in Dollar Tree were worth $317,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of DLTR. BlueMountain Capital Management LLC boosted its stake in Dollar Tree by 119.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock valued at $106,000 after buying an additional 825 shares during the period. Sun Life Financial INC lifted its stake in Dollar Tree by 17,100.0% during the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after purchasing an additional 1,710 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in Dollar Tree during the first quarter worth about $124,000. Independent Portfolio Consultants Inc. lifted its stake in Dollar Tree by 18.1% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,860 shares of the company’s stock worth $130,000 after purchasing an additional 285 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its stake in Dollar Tree by 2.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after purchasing an additional 36 shares during the last quarter. 90.73% of the stock is owned by institutional investors.

Dollar Tree, Inc. (NASDAQ:DLTR) traded up 0.33% during trading on Wednesday, hitting $91.83. The stock had a trading volume of 552,020 shares. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 23.49 and a beta of 0.70. The firm has a 50 day moving average of $84.97 and a 200-day moving average of $77.68. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $92.15.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.24 billion. Dollar Tree had a net margin of 4.37% and a return on equity of 18.07%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. Equities analysts predict that Dollar Tree, Inc. will post $4.68 earnings per share for the current year.

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Several brokerages have issued reports on DLTR. Loop Capital reaffirmed a “buy” rating and set a $86.00 price target on shares of Dollar Tree in a research note on Wednesday, August 9th. BTIG Research reaffirmed a “buy” rating and set a $98.00 price target on shares of Dollar Tree in a research note on Wednesday, August 23rd. Sanford C. Bernstein raised Dollar Tree from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $65.00 to $78.00 in a research note on Monday, August 28th. They noted that the move was a valuation call. Buckingham Research reaffirmed a “buy” rating and set a $87.00 price target on shares of Dollar Tree in a research note on Wednesday, August 9th. Finally, BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $90.14.

In related news, Chairman Macon F. Brock, Jr. sold 63,000 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.04, for a total transaction of $5,735,520.00. 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 1,487 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The disclosure for this sale can be found here. Insiders have sold 101,449 shares of company stock valued at $9,139,337 over the last 90 days. 2.90% of the stock is currently owned by insiders.

Dollar Tree 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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