British Columbia Investment Management Corp lowered its position in Dollar Tree Inc. (NASDAQ:DLTR) by 7.8% during the third quarter, Holdings Channel reports. The institutional investor owned 102,845 shares of the company’s stock after selling 8,689 shares during the period. British Columbia Investment Management Corp’s holdings in Dollar Tree were worth $8,118,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in DLTR. Tower Research Capital LLC TRC boosted its position in Dollar Tree by 1,439.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,062 shares of the company’s stock worth $100,000 after buying an additional 993 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Dollar Tree during the second quarter valued at about $108,000. Signaturefd LLC boosted its position in shares of Dollar Tree by 1.5% in the second quarter. Signaturefd LLC now owns 1,266 shares of the company’s stock valued at $119,000 after buying an additional 19 shares during the period. Tredje AP fonden acquired a new position in shares of Dollar Tree during the second quarter valued at about $120,000. Finally, Global X Management Co. LLC boosted its position in shares of Dollar Tree by 121.0% in the second quarter. Global X Management Co. LLC now owns 1,423 shares of the company’s stock valued at $134,000 after buying an additional 779 shares during the period. Institutional investors and hedge funds own 94.35% of the company’s stock.

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

Dollar Tree Inc. (NASDAQ:DLTR) traded up 0.08% during trading on Tuesday, hitting $89.65. 2,058,087 shares of the stock traded hands. Dollar Tree Inc. has a 52-week low of $72.52 and a 52-week high of $99.93. The firm has a 50-day moving average price of $78.37 and a 200 day moving average price of $86.03. The company has a market cap of $21.14 billion, a P/E ratio of 29.74 and a beta of 0.57.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Tuesday, November 22nd. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.03. Dollar Tree had a net margin of 3.93% and a return on equity of 17.15%. The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts expect that Dollar Tree Inc. will post $3.81 EPS for the current year.

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Several brokerages have issued reports on DLTR. Deutsche Bank AG upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and upped their price target for the company from $82.00 to $110.00 in a research report on Monday, August 1st. MKM Partners restated a “buy” rating and issued a $104.00 price target (up from $80.00) on shares of Dollar Tree in a research report on Tuesday, August 23rd. Buckingham Research restated a “buy” rating and issued a $117.00 price target (up from $106.00) on shares of Dollar Tree in a research report on Monday. Credit Suisse Group AG set a $75.00 price target on shares of Dollar Tree and gave the company a “sell” rating in a research report on Tuesday, November 22nd. Finally, Barclays PLC set a $84.00 price target on shares of Dollar Tree and gave the company a “hold” rating in a research report on Wednesday, November 23rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $91.73.

In related news, insider Barry W. Sullivan sold 2,449 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $83.21, for a total value of $203,781.29. Following the transaction, the insider now owns 8,904 shares in the company, valued at approximately $740,901.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lemuel E. Lewis purchased 1,560 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average price of $80.00 per share, for a total transaction of $124,800.00. Following the purchase, the director now owns 11,029 shares in the company, valued at $882,320. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.

About Dollar Tree

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.

5 Day Chart for NASDAQ:DLTR

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