D. E. Shaw & Co. Inc. Decreases Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

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D. E. Shaw & Co. Inc. trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 42.0% during the 2nd quarter, Holdings Channel reports. The fund owned 1,428,912 shares of the company’s stock after selling 1,036,245 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Dollar Tree were worth $153,451,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Dollar Tree by 1,394.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 269 shares of the company’s stock worth $29,000 after acquiring an additional 251 shares in the last quarter. Berman Capital Advisors LLC raised its holdings in shares of Dollar Tree by 52.5% during the 1st quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock worth $32,000 after acquiring an additional 105 shares in the last quarter. Coastal Investment Advisors Inc. raised its holdings in shares of Dollar Tree by 1,515.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 323 shares of the company’s stock worth $34,000 after acquiring an additional 303 shares in the last quarter. Bremer Bank National Association purchased a new stake in shares of Dollar Tree during the 1st quarter worth approximately $45,000. Finally, Commonwealth Bank of Australia raised its holdings in shares of Dollar Tree by 39.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 569 shares of the company’s stock worth $58,000 after acquiring an additional 161 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 target price on the stock in a research report on Monday, September 2nd. ValuEngine downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a research report on Saturday, September 7th. Credit Suisse Group set a $110.00 target price on Dollar Tree and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, TheStreet downgraded Dollar Tree from a “b-” rating to a “c+” rating in a research report on Wednesday, July 31st. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $105.21.

Dollar Tree stock traded down $0.67 during mid-day trading on Friday, hitting $111.07. The company’s stock had a trading volume of 2,079,819 shares, compared to its average volume of 2,368,411. The company has a 50 day moving average of $100.24 and a 200-day moving average of $104.01. The stock has a market cap of $26.56 billion, a PE ratio of 20.38, a P/E/G ratio of 2.70 and a beta of 0.54. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.21 and a current ratio of 1.06. Dollar Tree, Inc. has a one year low of $78.78 and a one year high of $113.67.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.20). The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.72 billion. Dollar Tree had a negative net margin of 6.77% and a positive return on equity of 19.76%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.15 EPS. On average, equities research analysts forecast that Dollar Tree, Inc. will post 5.2 EPS for the current fiscal year.

In other Dollar Tree news, Director Thomas A. Saunders sold 1,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $112.37, for a total value of $112,370.00. Following the transaction, the director now owns 2,379,315 shares of the company’s stock, valued at approximately $267,363,626.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary Maxwell sold 2,800 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $107.15, for a total value of $300,020.00. Following the completion of the transaction, the insider now directly owns 7,254 shares in the company, valued at approximately $777,266.10. The disclosure for this sale can be found here. Insiders sold a total of 18,330 shares of company stock worth $2,037,571 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR).

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

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