Voya Investment Management LLC Has $13.95 Million Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Voya Investment Management LLC raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 122,169 shares of the company’s stock after acquiring an additional 258 shares during the period. Voya Investment Management LLC’s holdings in Dollar Tree were worth $13,947,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Carlson Capital L P acquired a new stake in Dollar Tree in the 2nd quarter valued at approximately $22,027,000. Nelson Roberts Investment Advisors LLC grew its holdings in Dollar Tree by 12.8% in the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 882 shares of the company’s stock valued at $95,000 after buying an additional 100 shares during the last quarter. Alps Advisors Inc. grew its holdings in Dollar Tree by 70.2% in the 3rd quarter. Alps Advisors Inc. now owns 6,362 shares of the company’s stock valued at $726,000 after buying an additional 2,625 shares during the last quarter. Rhumbline Advisers grew its holdings in Dollar Tree by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 401,936 shares of the company’s stock valued at $45,885,000 after buying an additional 3,102 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in Dollar Tree by 76.8% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 16,393 shares of the company’s stock valued at $1,866,000 after buying an additional 7,123 shares during the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree stock opened at $89.47 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.09 and a quick ratio of 0.16. The company has a market capitalization of $21.65 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 2.36 and a beta of 0.45. Dollar Tree, Inc. has a one year low of $81.71 and a one year high of $119.71. The business has a 50 day simple moving average of $109.44 and a 200 day simple moving average of $106.25.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Tuesday, November 26th. The company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.05). The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.74 billion. Dollar Tree had a positive return on equity of 20.85% and a negative net margin of 6.82%. Dollar Tree’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 EPS. Equities analysts anticipate that Dollar Tree, Inc. will post 4.86 earnings per share for the current fiscal year.

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DLTR has been the topic of a number of research analyst reports. Zacks Investment Research raised Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 target price on the stock in a report on Monday, September 2nd. Atlantic Securities downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and set a $102.00 price objective for the company. in a research report on Friday. Buckingham Research set a $116.00 price objective on Dollar Tree and gave the stock a “buy” rating in a research report on Friday, August 23rd. Loop Capital reduced their price objective on Dollar Tree to $94.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Finally, BidaskClub upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the stock. Dollar Tree presently has an average rating of “Hold” and a consensus target price of $104.89.

In related news, Director Thomas A. Saunders sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $116.20, for a total transaction of $116,200.00. Following the completion of the transaction, the director now owns 2,380,145 shares in the company, valued at approximately $276,572,849. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gary Maxwell sold 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $107.15, for a total value of $300,020.00. Following the transaction, the insider now owns 7,254 shares of the company’s stock, valued at approximately $777,266.10. The disclosure for this sale can be found here. Insiders have sold a total of 81,519 shares of company stock valued at $9,408,464 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Dollar Tree Profile

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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Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR).

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

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