Dollar Tree, Inc. (DLTR) Stake Lessened by Standard Life Aberdeen plc

Standard Life Aberdeen plc decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,724,126 shares of the company’s stock after selling 403,904 shares during the period. Standard Life Aberdeen plc’s holdings in Dollar Tree were worth $399,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Dollar Tree by 1.0% during the 4th quarter. BlackRock Inc. now owns 14,337,696 shares of the company’s stock valued at $1,538,577,000 after buying an additional 142,633 shares in the last quarter. Macquarie Group Ltd. raised its stake in Dollar Tree by 184,411.9% in the 3rd quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after purchasing an additional 8,298,537 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Dollar Tree by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,857,604 shares of the company’s stock valued at $248,098,000 after purchasing an additional 87,592 shares during the last quarter. Alkeon Capital Management LLC raised its stake in Dollar Tree by 8.2% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,570,949 shares of the company’s stock valued at $223,210,000 after purchasing an additional 195,000 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Dollar Tree by 2.4% in the 3rd quarter. Nordea Investment Management AB now owns 2,134,383 shares of the company’s stock valued at $185,307,000 after purchasing an additional 49,082 shares during the last quarter. Hedge funds and other institutional investors own 91.50% of the company’s stock.

Shares of Dollar Tree, Inc. (NASDAQ:DLTR) traded down $1.15 on Wednesday, hitting $106.81. The company’s stock had a trading volume of 2,430,600 shares, compared to its average volume of 2,068,061. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $116.65. The firm has a market cap of $25,596.94, a P/E ratio of 25.43, a PEG ratio of 1.40 and a beta of 0.71. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same period last year, the company earned $0.72 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. equities analysts expect that Dollar Tree, Inc. will post 4.89 EPS for the current year.

Several research firms recently commented on DLTR. Bank of America increased their price objective on Dollar Tree from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Wells Fargo & Co reissued an “outperform” rating and issued a $138.00 price objective (up from $132.00) on shares of Dollar Tree in a research note on Tuesday, January 23rd. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 price objective for the company in a research note on Tuesday, January 16th. Guggenheim reissued a “buy” rating on shares of Dollar Tree in a research note on Wednesday, January 31st. Finally, Oppenheimer began coverage on Dollar Tree in a research note on Tuesday, January 16th. They issued an “outperform” rating and a $130.00 price objective for the company. Eleven analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Dollar Tree presently has an average rating of “Buy” and a consensus price target of $106.31.

In other Dollar Tree news, Director Thomas A. Saunders sold 33,750 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $106.34, for a total value of $3,588,975.00. Following the completion of the sale, the director now directly owns 2,332,294 shares of the company’s stock, valued at approximately $248,016,143.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joshua R. Jewett sold 3,570 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $99.00, for a total value of $353,430.00. Following the sale, the insider now directly owns 6,976 shares of the company’s stock, valued at $690,624. The disclosure for this sale can be found here. Insiders sold a total of 133,940 shares of company stock valued at $13,761,818 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

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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.

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

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