Today: M&T Bank Corp Reached $4,696,000 position of Dollar Tree Inc. (DLTR)

Today: M&T Bank Corp Reached $4,696,000 position  of Dollar Tree Inc. (DLTR)

M&T Bank Corp raised its stake in shares of Dollar Tree Inc. (NASDAQ:DLTR) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,488 shares of the company’s stock after buying an additional 3,143 shares during the period. M&T Bank Corp’s holdings in Dollar Tree were worth $4,696,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DLTR. DAVENPORT & Co LLC raised its position in shares of Dollar Tree by 2.8% in the second quarter. DAVENPORT & Co LLC now owns 656,497 shares of the company’s stock valued at $61,868,000 after buying an additional 17,909 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Dollar Tree by 1.4% in the second quarter. Gateway Investment Advisers LLC now owns 43,120 shares of the company’s stock valued at $4,064,000 after buying an additional 589 shares during the last quarter. Forte Capital LLC ADV increased its stake in shares of Dollar Tree by 2.7% in the second quarter. Forte Capital LLC ADV now owns 26,123 shares of the company’s stock valued at $2,462,000 after buying an additional 690 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Dollar Tree by 0.3% in the second quarter. Gulf International Bank UK Ltd now owns 68,117 shares of the company’s stock valued at $6,419,000 after buying an additional 200 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Dollar Tree by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 201,669 shares of the company’s stock valued at $19,005,000 after buying an additional 2,917 shares during the last quarter. Institutional investors and hedge funds own 94.35% of the company’s stock.

Dollar Tree Inc. (NASDAQ:DLTR) traded down 0.01% during trading on Monday, reaching $89.17. 1,309,167 shares of the company were exchanged. The stock has a market capitalization of $21.02 billion, a price-to-earnings ratio of 29.59 and a beta of 0.57. Dollar Tree Inc. has a one year low of $72.52 and a one year high of $99.93. The firm’s 50 day moving average price is $78.04 and its 200-day moving average price is $85.88.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Tuesday, November 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 earned $5 billion during 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 research analysts predict that Dollar Tree Inc. will post $3.81 earnings per share for the current year.

Several equities research analysts have commented on the stock. Credit Suisse Group AG set a $69.00 target price on shares of Dollar Tree and gave the company a “sell” rating in a research note on Wednesday, October 5th. Cleveland Research downgraded shares of Dollar Tree from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 4th. Deutsche Bank AG raised shares of Dollar Tree from a “hold” rating to a “buy” rating and upped their target price for the company from $82.00 to $110.00 in a research note on Monday, August 1st. Atlantic Securities downgraded shares of Dollar Tree from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $87.00 to $68.00 in a research note on Tuesday, September 27th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $101.00 target price on shares of Dollar Tree in a research note on Tuesday, September 6th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $91.73.

In other news, Director Lemuel E. Lewis bought 1,560 shares of Dollar Tree stock in a transaction dated Tuesday, September 13th. The stock was purchased at an average price of $80.00 per share, for a total transaction of $124,800.00. Following the purchase, the director now directly owns 11,029 shares in the company, valued at approximately $882,320. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Barry W. Sullivan sold 2,449 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $83.21, for a total transaction of $203,781.29. Following the completion of the sale, the insider now owns 8,904 shares of the company’s stock, valued at approximately $740,901.84. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by insiders.

About Dollar Tree

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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