Dollar Tree, Inc. (NASDAQ:DLTR) Holdings Increased by Ossiam

Ossiam grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 52.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,586 shares of the company’s stock after buying an additional 21,300 shares during the quarter. Ossiam’s holdings in Dollar Tree were worth $6,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Lazard Asset Management LLC raised its position in shares of Dollar Tree by 1.3% during the 2nd quarter. Lazard Asset Management LLC now owns 6,803,713 shares of the company’s stock worth $676,969,000 after buying an additional 86,771 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Dollar Tree by 3.0% in the 1st quarter. Geode Capital Management LLC now owns 4,144,669 shares of the company’s stock worth $473,181,000 after purchasing an additional 118,949 shares during the last quarter. Northern Trust Corp grew its stake in shares of Dollar Tree by 2.9% in the 1st quarter. Northern Trust Corp now owns 2,981,274 shares of the company’s stock worth $341,236,000 after purchasing an additional 85,170 shares during the last quarter. Capital International Investors acquired a new position in shares of Dollar Tree in the 1st quarter worth approximately $301,779,000. Finally, American Century Companies Inc. grew its stake in shares of Dollar Tree by 21.6% in the 2nd quarter. American Century Companies Inc. now owns 2,496,555 shares of the company’s stock worth $248,408,000 after purchasing an additional 443,682 shares during the last quarter. Institutional investors own 87.80% of the company’s stock.

Several equities analysts have recently issued reports on DLTR shares. KeyCorp lowered their price objective on shares of Dollar Tree from $125.00 to $116.00 and set an “overweight” rating on the stock in a research note on Friday, August 27th. BMO Capital Markets lowered their price objective on shares of Dollar Tree from $103.00 to $97.00 and set a “market perform” rating on the stock in a research note on Friday, August 27th. Telsey Advisory Group cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $125.00 to $102.00 in a research note on Friday, August 27th. Guggenheim lowered their price objective on shares of Dollar Tree from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Dollar Tree from $102.00 to $96.00 and set a “hold” rating on the stock in a research note on Friday, August 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $111.69.

DLTR stock traded down $0.14 during trading on Thursday, reaching $97.23. 2,359 shares of the stock were exchanged, compared to its average volume of 2,574,030. Dollar Tree, Inc. has a twelve month low of $84.26 and a twelve month high of $120.37. The company has a market capitalization of $21.87 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. The stock has a 50 day simple moving average of $95.04 and a 200-day simple moving average of $102.36. The company has a current ratio of 1.25, a quick ratio of 0.26 and a debt-to-equity ratio of 0.46.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, August 25th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.22. Dollar Tree had a return on equity of 20.78% and a net margin of 5.78%. The business had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts predict that Dollar Tree, Inc. will post 5.53 EPS for the current year.

Dollar Tree announced that its board has authorized a share repurchase program on Wednesday, September 29th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 11.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Dollar Tree Profile

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.

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

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