Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Equity Investment Corp

Equity Investment Corp lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 95.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,525,374 shares of the company’s stock after acquiring an additional 746,913 shares during the period. Dollar Tree accounts for approximately 2.5% of Equity Investment Corp’s portfolio, making the stock its 17th biggest position. Equity Investment Corp’s holdings in Dollar Tree were worth $107,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC acquired a new stake in Dollar Tree during the second quarter worth about $26,000. Mather Group LLC. grew its stake in shares of Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares during the period. Eastern Bank acquired a new stake in shares of Dollar Tree during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar Tree in the second quarter valued at approximately $37,000. Finally, Blue Trust Inc. raised its position in Dollar Tree by 174.5% in the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Citigroup reduced their target price on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. UBS Group reduced their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Guggenheim reduced their target price on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $88.11.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now owns 9,823 shares in the company, valued at $670,616.21. The trade was a 28.86 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $64.20 on Monday. The stock’s 50-day moving average is $67.95 and its two-hundred day moving average is $91.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21. The company has a market cap of $13.80 billion, a price-to-earnings ratio of -13.16, a price-to-earnings-growth ratio of 2.71 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 earnings per share. Analysts forecast that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

Dollar Tree Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.