Riverhead Capital Management LLC raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 47.0% during the second quarter, HoldingsChannel.com reports. The fund owned 7,579 shares of the company’s stock after buying an additional 2,424 shares during the quarter. Riverhead Capital Management LLC’s holdings in Dollar Tree were worth $814,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Zions Bancorporation N.A. acquired a new position in shares of Dollar Tree in the 1st quarter valued at about $92,000. Belpointe Asset Management LLC grew its stake in Dollar Tree by 28.4% during the first quarter. Belpointe Asset Management LLC now owns 1,620 shares of the company’s stock worth $171,000 after purchasing an additional 358 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Dollar Tree by 7.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,912 shares of the company’s stock worth $1,461,000 after purchasing an additional 930 shares in the last quarter. Nelson Roberts Investment Advisors LLC increased its holdings in Dollar Tree by 12.8% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 882 shares of the company’s stock worth $95,000 after purchasing an additional 100 shares in the last quarter. Finally, ETF Managers Group LLC lifted its stake in Dollar Tree by 639.1% in the first quarter. ETF Managers Group LLC now owns 10,140 shares of the company’s stock valued at $1,065,000 after buying an additional 8,768 shares during the period. Hedge funds and other institutional investors own 94.00% of the company’s stock.

NASDAQ DLTR traded up $2.50 during mid-day trading on Wednesday, hitting $112.43. The company’s stock had a trading volume of 75,926 shares, compared to its average volume of 2,478,606. The company’s 50 day simple moving average is $99.02 and its 200 day simple moving average is $103.33. Dollar Tree, Inc. has a twelve month low of $78.78 and a twelve month high of $113.38. The company has a current ratio of 1.06, a quick ratio of 0.21 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $26.01 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.08 and a beta of 0.54.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.20). Dollar Tree had a positive return on equity of 19.76% and a negative net margin of 6.77%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the company posted $1.15 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts forecast that Dollar Tree, Inc. will post 5.23 EPS for the current year.

A number of equities analysts have issued reports on DLTR shares. ValuEngine cut Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $106.00 to $99.00 in a research report on Monday, August 5th. TheStreet lowered shares of Dollar Tree from a “b-” rating to a “c+” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Dollar Tree from $116.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Buckingham Research set a $116.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a research note on Friday, August 23rd. Thirteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $105.21.

In related news, Director Thomas A. Saunders sold 11,470 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $110.52, for a total value of $1,267,664.40. Following the transaction, the director now owns 2,394,164 shares of the company’s stock, valued at approximately $264,603,005.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevin S. Wampler sold 20,470 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $109.83, for a total transaction of $2,248,220.10. Following the completion of the transaction, the chief financial officer now directly owns 128,571 shares in the company, valued at approximately $14,120,952.93. The disclosure for this sale can be found here. Insiders have sold 58,942 shares of company stock valued at $6,486,822 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Dollar Tree Company Profile

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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