Dollar Tree, Inc. (NASDAQ:DLTR) Chairman Macon F. Brock, Jr. sold 150,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the sale, the chairman now directly owns 1,128,795 shares of the company’s stock, valued at $102,867,088.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 24th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.12. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.24 billion. Dollar Tree had a return on equity of 18.07% and a net margin of 4.37%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share.

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Several research firms have recently issued reports on DLTR. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Group LLC restated a “hold” rating and set a $85.00 price objective on shares of Dollar Tree in a report on Tuesday. Loop Capital restated a “buy” rating and set a $86.00 price objective on shares of Dollar Tree in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada set a $92.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a report on Monday. Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $90.00.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Dollar Tree by 3.2% in the second quarter. Vanguard Group Inc. now owns 22,359,098 shares of the company’s stock valued at $1,563,349,000 after purchasing an additional 691,393 shares during the period. FMR LLC increased its holdings in shares of Dollar Tree by 49.4% in the second quarter. FMR LLC now owns 17,309,462 shares of the company’s stock valued at $1,210,277,000 after purchasing an additional 5,724,495 shares during the period. BlackRock Inc. increased its holdings in shares of Dollar Tree by 10.3% in the second quarter. BlackRock Inc. now owns 15,904,087 shares of the company’s stock valued at $1,112,013,000 after purchasing an additional 1,479,936 shares during the period. Maverick Capital Ltd. increased its holdings in shares of Dollar Tree by 86.7% in the second quarter. Maverick Capital Ltd. now owns 8,135,605 shares of the company’s stock valued at $568,842,000 after purchasing an additional 3,777,579 shares during the period. Finally, Standard Life Investments LTD increased its holdings in shares of Dollar Tree by 13.9% in the second quarter. Standard Life Investments LTD now owns 5,085,240 shares of the company’s stock valued at $355,610,000 after purchasing an additional 621,164 shares during the period. 90.73% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Dollar Tree (NASDAQ:DLTR)

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