Trade Report: Today, 774 Shares of Dollar Tree Inc. (DLTR) are sold by Exxonmobil Investment Management Inc. TX

Today, 774 Shares of Dollar Tree Inc. (DLTR) are sold by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX lowered its stake in Dollar Tree Inc. (NASDAQ:DLTR) by 1.3% during the third quarter, Holdings Channel reports. The institutional investor owned 60,202 shares of the company’s stock after selling 774 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Dollar Tree were worth $4,752,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in DLTR. Vanguard Group Inc. raised its stake in shares of Dollar Tree by 2.5% in the second quarter. Vanguard Group Inc. now owns 20,047,522 shares of the company’s stock valued at $1,889,278,000 after buying an additional 492,077 shares in the last quarter. Lone Pine Capital LLC raised its stake in shares of Dollar Tree by 15.1% in the second quarter. Lone Pine Capital LLC now owns 13,362,151 shares of the company’s stock valued at $1,259,249,000 after buying an additional 1,755,667 shares in the last quarter. FMR LLC raised its stake in shares of Dollar Tree by 7.1% in the second quarter. FMR LLC now owns 8,489,053 shares of the company’s stock valued at $800,008,000 after buying an additional 561,520 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Dollar Tree by 11.2% in the second quarter. Principal Financial Group Inc. now owns 4,795,123 shares of the company’s stock valued at $451,892,000 after buying an additional 483,012 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Dollar Tree by 0.6% in the second quarter. BlackRock Fund Advisors now owns 3,987,310 shares of the company’s stock valued at $375,764,000 after buying an additional 22,347 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Dollar Tree Inc. (NASDAQ:DLTR) traded up 0.36% on Friday, reaching $89.18. 1,083,104 shares of the company traded hands. Dollar Tree Inc. has a 52-week low of $72.52 and a 52-week high of $99.93. The company has a market capitalization of $21.03 billion, a PE ratio of 29.59 and a beta of 0.57. The stock has a 50-day moving average of $78.04 and a 200 day moving average of $85.88.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Tuesday, November 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.03. Dollar Tree had a net margin of 3.93% and a return on equity of 17.15%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts forecast that Dollar Tree Inc. will post $3.81 EPS for the current year.

Several equities analysts have commented on DLTR shares. Deutsche Bank AG raised shares of Dollar Tree from a “hold” rating to a “buy” rating and increased their target price for the stock from $82.00 to $110.00 in a research report on Monday, August 1st. MKM Partners reissued a “buy” rating and set a $104.00 target price (up from $80.00) on shares of Dollar Tree in a research report on Tuesday, August 23rd. Piper Jaffray Cos. reissued a “neutral” rating and set a $85.00 target price (down from $87.00) on shares of Dollar Tree in a research report on Monday, August 29th. Citigroup Inc. reissued a “neutral” rating and set a $89.00 target price (down from $100.00) on shares of Dollar Tree in a research report on Wednesday, August 31st. Finally, Morgan Stanley set a $90.00 target price on shares of Dollar Tree and gave the stock a “hold” rating in a research report on Wednesday, August 31st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $91.23.

In other news, Director Lemuel E. Lewis purchased 1,470 shares of Dollar Tree stock in a transaction that occurred on Tuesday, August 30th. The shares were acquired at an average price of $85.00 per share, for a total transaction of $124,950.00. Following the transaction, the director now owns 9,469 shares of the company’s stock, valued at approximately $804,865. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lemuel E. Lewis purchased 1,560 shares of Dollar Tree stock in a transaction that occurred on Tuesday, September 13th. The shares were purchased at an average price of $80.00 per share, for a total transaction of $124,800.00. Following the transaction, the director now directly owns 11,029 shares in the company, valued at approximately $882,320. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company’s stock.

Dollar Tree Company Profile

Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.

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