Bank of New York Mellon Corp Boosts Position in Dollar Tree, Inc. (DLTR)

Bank of New York Mellon Corp raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,857,604 shares of the company’s stock after purchasing an additional 87,592 shares during the period. Bank of New York Mellon Corp owned 1.21% of Dollar Tree worth $248,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its holdings in shares of Dollar Tree by 8.4% in the 2nd quarter. Prudential Financial Inc. now owns 358,085 shares of the company’s stock valued at $25,037,000 after acquiring an additional 27,672 shares during the last quarter. Rockshelter Capital Management LLC bought a new position in shares of Dollar Tree in the 2nd quarter valued at about $5,850,000. Shell Asset Management Co. lifted its holdings in shares of Dollar Tree by 368.4% in the 3rd quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock valued at $4,057,000 after acquiring an additional 56,906 shares during the last quarter. State Treasurer State of Michigan lifted its holdings in shares of Dollar Tree by 0.4% in the 2nd quarter. State Treasurer State of Michigan now owns 77,810 shares of the company’s stock valued at $5,440,000 after acquiring an additional 300 shares during the last quarter. Finally, South Dakota Investment Council bought a new position in shares of Dollar Tree in the 2nd quarter valued at about $804,000. 89.81% of the stock is owned by institutional investors and hedge funds.

In other Dollar Tree news, insider Gary M. Philbin sold 2,795 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total value of $236,177.50. Following the completion of the sale, the insider now directly owns 34,532 shares in the company, valued at $2,917,954. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevin S. Wampler sold 12,559 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $103.89, for a total transaction of $1,304,754.51. Following the completion of the sale, the chief financial officer now owns 77,164 shares of the company’s stock, valued at $8,016,567.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 382,141 shares of company stock valued at $36,142,631. 2.90% of the stock is owned by insiders.

Shares of Dollar Tree, Inc. (NASDAQ DLTR) traded up $3.36 during mid-day trading on Monday, reaching $106.37. 2,678,780 shares of the company traded hands, compared to its average volume of 2,754,548. The stock has a market capitalization of $25,220.00, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 1.62 and a beta of 0.64. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $107.11.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. Dollar Tree’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. analysts anticipate that Dollar Tree, Inc. will post 4.84 EPS for the current fiscal year.

A number of research analysts recently commented on the stock. Moffett Nathanson assumed coverage on shares of Dollar Tree in a report on Monday. They issued a “buy” rating for the company. BMO Capital Markets set a $115.00 price objective on shares of Dollar Tree and gave the stock a “hold” rating in a research report on Saturday, November 25th. Barclays reissued a “hold” rating and issued a $100.00 price objective on shares of Dollar Tree in a research report on Friday, November 24th. MKM Partners increased their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 22nd. Finally, Sanford C. Bernstein set a $87.00 price objective on shares of Dollar Tree and gave the stock a “hold” rating in a research report on Wednesday, November 22nd. Eleven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Dollar Tree presently has a consensus rating of “Buy” and an average price target of $99.92.

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Dollar Tree Company Profile

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

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

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