Royce & Associates LP reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 70.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,700 shares of the company’s stock after selling 30,008 shares during the period. Royce & Associates LP’s holdings in Dollar Tree were worth $1,080,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DLTR. BlackRock Inc. lifted its holdings in shares of Dollar Tree by 2.3% during the first quarter. BlackRock Inc. now owns 14,661,509 shares of the company’s stock valued at $1,391,378,000 after purchasing an additional 323,813 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Dollar Tree by 0.4% during the first quarter. Principal Financial Group Inc. now owns 4,115,126 shares of the company’s stock valued at $390,525,000 after purchasing an additional 16,447 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Dollar Tree by 128.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,365,586 shares of the company’s stock valued at $224,494,000 after purchasing an additional 1,331,959 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Dollar Tree by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,756,896 shares of the company’s stock valued at $166,729,000 after purchasing an additional 14,378 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Dollar Tree by 13.8% during the first quarter. Royal Bank of Canada now owns 1,049,008 shares of the company’s stock valued at $99,552,000 after purchasing an additional 127,070 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

DLTR stock opened at $82.24 on Friday. Dollar Tree, Inc. has a fifty-two week low of $79.17 and a fifty-two week high of $116.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 2.24. The stock has a market capitalization of $19.54 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.05 and a beta of 0.77.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.01). Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The firm had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the prior year, the company posted $0.99 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. equities analysts predict that Dollar Tree, Inc. will post 5.5 earnings per share for the current year.

In other news, Director Thomas E. Whiddon bought 2,250 shares of the stock in a transaction on Monday, June 18th. The shares were bought at an average price of $88.78 per share, with a total value of $199,755.00. Following the completion of the acquisition, the director now owns 26,121 shares in the company, valued at $2,319,022.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “top pick” rating on shares of Dollar Tree in a report on Wednesday. Zacks Investment Research downgraded Dollar Tree from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Morgan Stanley lowered their price target on Dollar Tree from $101.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, August 31st. UBS Group lowered their price target on Dollar Tree from $113.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, August 31st. Finally, Credit Suisse Group raised Dollar Tree to a “buy” rating and set a $96.00 price target on the stock in a report on Thursday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Dollar Tree presently has a consensus rating of “Hold” and an average target price of $102.26.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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

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