State of Wisconsin Investment Board Decreases Holdings in Dollar Tree (DLTR)

State of Wisconsin Investment Board reduced its stake in Dollar Tree (NASDAQ:DLTR) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 314,482 shares of the company’s stock after selling 24,008 shares during the period. State of Wisconsin Investment Board’s holdings in Dollar Tree were worth $29,844,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. increased its holdings in shares of Dollar Tree by 127.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 44,727 shares of the company’s stock valued at $4,246,000 after purchasing an additional 25,085 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Dollar Tree by 0.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 67,569 shares of the company’s stock valued at $6,412,000 after acquiring an additional 568 shares during the period. Palladium Partners LLC boosted its position in shares of Dollar Tree by 5.0% in the first quarter. Palladium Partners LLC now owns 124,377 shares of the company’s stock valued at $11,803,000 after acquiring an additional 5,910 shares during the period. Evermay Wealth Management LLC boosted its position in shares of Dollar Tree by 88.7% in the first quarter. Evermay Wealth Management LLC now owns 8,095 shares of the company’s stock valued at $768,000 after acquiring an additional 3,805 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its position in shares of Dollar Tree by 109.2% in the first quarter. Campbell & CO Investment Adviser LLC now owns 5,364 shares of the company’s stock valued at $509,000 after acquiring an additional 2,800 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

DLTR opened at $93.89 on Monday. Dollar Tree has a twelve month low of $65.63 and a twelve month high of $116.65. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.60 and a quick ratio of 0.49. The stock has a market cap of $22.32 billion, a P/E ratio of 19.32, a PEG ratio of 1.13 and a beta of 0.83.



Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.01). Dollar Tree had a return on equity of 18.68% and a net margin of 7.71%. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same period in the prior year, the company earned $1.36 EPS. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. analysts anticipate that Dollar Tree will post 5.66 EPS for the current fiscal year.

DLTR has been the subject of a number of recent research reports. Wells Fargo reissued an “outperform” rating and issued a $138.00 target price (up previously from $132.00) on shares of Dollar Tree in a research report on Tuesday, January 23rd. Jefferies Group reissued a “neutral” rating on shares of Dollar Tree in a research report on Wednesday, March 7th. Moffett Nathanson cut shares of Dollar Tree from a “buy” rating to a “neutral” rating in a research report on Friday. Morgan Stanley reissued an “equal weight” rating and issued a $101.00 target price (down previously from $112.00) on shares of Dollar Tree in a research report on Thursday, March 8th. Finally, Royal Bank of Canada reduced their target price on shares of Dollar Tree to $106.00 and set a “top pick” rating for the company in a research report on Thursday, March 8th. Ten analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $110.31.

In other Dollar Tree news, Director Conrad M. Hall bought 10,000 shares of the stock in a transaction on Friday, March 9th. The stock was purchased at an average price of $91.83 per share, with a total value of $918,300.00. Following the completion of the purchase, the director now owns 799 shares in the company, valued at $73,372.17. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert H. Rudman sold 2,764 shares of the business’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $93.70, for a total value of $258,986.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,861 shares of company stock valued at $1,398,752. Insiders own 1.50% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which 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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