McKinley Carter Wealth Services Inc. Lowers Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

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McKinley Carter Wealth Services Inc. lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,572 shares of the company’s stock after selling 737 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Dollar Tree were worth $3,283,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Dollar Tree by 5.6% during the 1st quarter. BlackRock Inc. now owns 19,341,470 shares of the company’s stock valued at $2,031,629,000 after buying an additional 1,024,134 shares in the last quarter. Jackson Square Partners LLC raised its position in shares of Dollar Tree by 55.9% during the 1st quarter. Jackson Square Partners LLC now owns 6,599,870 shares of the company’s stock valued at $693,250,000 after buying an additional 2,367,545 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Dollar Tree by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 3,194,952 shares of the company’s stock valued at $288,077,000 after purchasing an additional 245,852 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Dollar Tree by 1.9% during the 1st quarter. Northern Trust Corp now owns 2,926,656 shares of the company’s stock valued at $307,416,000 after purchasing an additional 55,213 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Dollar Tree by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,290,268 shares of the company’s stock valued at $206,803,000 after purchasing an additional 205,319 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Several research firms recently commented on DLTR. Zacks Investment Research lowered shares of Dollar Tree from a “hold” rating to a “sell” rating and set a $107.00 target price on the stock. in a report on Thursday, August 1st. TheStreet lowered shares of Dollar Tree from a “b-” rating to a “c+” rating in a report on Wednesday, July 31st. BMO Capital Markets reduced their target price on shares of Dollar Tree from $105.00 to $102.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. ValuEngine lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised shares of Dollar Tree from a “neutral” rating to an “overweight” rating and set a $122.00 target price on the stock in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $103.93.

Shares of DLTR traded up $0.57 during trading hours on Friday, reaching $93.71. 1,504,700 shares of the company traded hands, compared to its average volume of 2,277,901. The company’s fifty day moving average price is $103.78 and its two-hundred day moving average price is $103.11. The company has a market capitalization of $22.13 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.81 and a beta of 0.52. The company has a quick ratio of 0.23, a current ratio of 1.07 and a debt-to-equity ratio of 1.45. Dollar Tree, Inc. has a 12 month low of $78.78 and a 12 month high of $113.38.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 30th. The company reported $1.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.14. The firm had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.78 billion. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 EPS. On average, analysts expect that Dollar Tree, Inc. will post 5.15 EPS for the current year.

In other news, CFO Kevin S. Wampler sold 20,470 shares of Dollar Tree 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 sale, the chief financial officer now owns 128,571 shares of the company’s stock, valued at approximately $14,120,952.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joshua R. Jewett sold 3,632 shares of Dollar Tree stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $101.67, for a total transaction of $369,265.44. Following the sale, the insider now directly owns 6,262 shares in the company, valued at approximately $636,657.54. The disclosure for this sale can be found here. Insiders have sold a total of 75,789 shares of company stock worth $8,203,018 in the last ninety days. Insiders own 1.40% of the company’s stock.

About Dollar Tree

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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