Massachusetts Financial Services Co. MA Purchases 536,989 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

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Massachusetts Financial Services Co. MA raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 13.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,671,646 shares of the company’s stock after purchasing an additional 536,989 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Dollar Tree were worth $533,315,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Ocean Capital Management LLC grew its holdings in Dollar Tree by 2.5% during the third quarter. Ocean Capital Management LLC now owns 3,663 shares of the company’s stock valued at $418,000 after purchasing an additional 90 shares during the period. Nelson Roberts Investment Advisors LLC lifted its position in shares of Dollar Tree by 12.8% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 882 shares of the company’s stock valued at $95,000 after acquiring an additional 100 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Dollar Tree by 0.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,630 shares of the company’s stock valued at $1,249,000 after acquiring an additional 106 shares in the last quarter. Signaturefd LLC lifted its position in shares of Dollar Tree by 18.4% in the third quarter. Signaturefd LLC now owns 701 shares of the company’s stock valued at $80,000 after acquiring an additional 109 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Dollar Tree by 35.8% in the third quarter. Parkside Financial Bank & Trust now owns 451 shares of the company’s stock valued at $51,000 after acquiring an additional 119 shares in the last quarter. 94.49% of the stock is owned by institutional investors and hedge funds.

NASDAQ:DLTR traded down $0.88 during midday trading on Tuesday, hitting $108.05. The stock had a trading volume of 70,608 shares, compared to its average volume of 1,339,643. The stock has a 50-day moving average of $113.94 and a 200 day moving average of $106.70. The company has a quick ratio of 0.21, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $26.11 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 2.67 and a beta of 0.55. Dollar Tree, Inc. has a one year low of $81.02 and a one year high of $119.71.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 29th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.20). The company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Dollar Tree had a positive return on equity of 19.76% and a negative net margin of 6.77%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 EPS. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.18 earnings per share for the current fiscal year.

Several equities analysts have recently commented on DLTR shares. OTR Global upgraded Dollar Tree from a “mixed” rating to a “positive” rating in a research report on Friday, August 23rd. TheStreet downgraded Dollar Tree from a “b-” rating to a “c+” rating in a research report on Wednesday, July 31st. BidaskClub downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. JPMorgan Chase & Co. boosted their target price on Dollar Tree from $116.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Finally, ValuEngine downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Twelve equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $110.34.

In other Dollar Tree news, insider Gary Maxwell sold 2,800 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $107.15, for a total transaction of $300,020.00. Following the completion of the sale, the insider now owns 7,254 shares in the company, valued at $777,266.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas A. Saunders sold 1,000 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $116.20, for a total value of $116,200.00. Following the sale, the director now owns 2,380,145 shares of the company’s stock, valued at approximately $276,572,849. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,519 shares of company stock valued at $9,408,464. 1.40% of the stock is owned by company 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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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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