Scharf Investments LLC Has $120.60 Million Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Scharf Investments LLC lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,122,966 shares of the company’s stock after selling 72,137 shares during the period. Dollar Tree comprises approximately 4.8% of Scharf Investments LLC’s holdings, making the stock its 8th largest position. Scharf Investments LLC’s holdings in Dollar Tree were worth $120,595,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DLTR. Jackson Square Partners LLC boosted its holdings 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 purchasing an additional 2,367,545 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Dollar Tree by 16,610.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,454,295 shares of the company’s stock valued at $156,177,000 after purchasing an additional 1,445,592 shares during the last quarter. BlackRock Inc. boosted its holdings 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 purchasing an additional 1,024,134 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Dollar Tree during the 1st quarter valued at about $103,473,000. Finally, APG Asset Management N.V. boosted its holdings in shares of Dollar Tree by 216.2% during the 2nd quarter. APG Asset Management N.V. now owns 981,843 shares of the company’s stock valued at $92,589,000 after purchasing an additional 671,323 shares during the last quarter. 94.00% of the stock is owned by institutional investors.

DLTR has been the subject of several research reports. TheStreet downgraded shares of Dollar Tree from a “b-” rating to a “c+” rating in a report on Wednesday, July 31st. Buckingham Research set a $116.00 price target on shares of Dollar Tree and gave the company a “buy” rating in a report on Friday, August 23rd. OTR Global raised shares of Dollar Tree from a “mixed” rating to a “positive” rating in a report on Friday, August 23rd. Royal Bank of Canada lowered their price target on shares of Dollar Tree from $113.00 to $108.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, Zacks Investment Research raised shares of Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 price target for the company in a report on Monday, September 2nd. Thirteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $105.21.

In related news, Director Thomas A. Saunders sold 14,530 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $111.85, for a total value of $1,625,180.50. Following the sale, the director now directly owns 2,391,704 shares of the company’s stock, valued at approximately $267,512,092.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary Maxwell sold 2,800 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $107.15, for a total transaction of $300,020.00. Following the completion of the sale, the insider now directly owns 7,254 shares in the company, valued at $777,266.10. The disclosure for this sale can be found here. Insiders sold a total of 29,800 shares of company stock worth $3,305,235 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Dollar Tree stock traded up $0.65 during midday trading on Friday, reaching $112.59. The stock had a trading volume of 95,529 shares, compared to its average volume of 2,355,524. The company has a quick ratio of 0.21, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. Dollar Tree, Inc. has a 52-week low of $78.78 and a 52-week high of $113.38. The firm has a market cap of $26.40 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 2.10 and a beta of 0.54. The company has a fifty day moving average of $99.14 and a 200 day moving average of $103.40.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.20). Dollar Tree had a positive return on equity of 19.76% and a negative net margin of 6.77%. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the company earned $1.15 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts predict that Dollar Tree, Inc. will post 5.23 EPS for the current year.

Dollar Tree Company 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.

Featured Article: High-Yield Dividend Stocks

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)

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.