Dollar Tree, Inc. (NASDAQ:DLTR) Stock Holdings Increased by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 68.5% during the third quarter, HoldingsChannel.com reports. The firm owned 257,138 shares of the company’s stock after acquiring an additional 104,508 shares during the period. Intech Investment Management LLC’s holdings in Dollar Tree were worth $18,082,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DLTR. Strategic Financial Concepts LLC purchased a new position in shares of Dollar Tree during the 2nd quarter valued at $26,000. Mather Group LLC. lifted its holdings in shares of Dollar Tree by 198.9% during 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 last quarter. Eastern Bank acquired a new position in Dollar Tree in the third quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar Tree in the 2nd quarter valued at $37,000. Finally, First Horizon Advisors Inc. boosted its position in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DLTR. UBS Group decreased their price objective on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Telsey Advisory Group lowered Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $95.00 to $75.00 in a research note on Tuesday, November 5th. Wells Fargo & Company cut their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Truist Financial lowered their target price on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Evercore ISI cut their price target on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $87.95.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.80% of the company’s stock.

Dollar Tree Stock Down 2.6 %

Dollar Tree stock opened at $63.18 on Thursday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The stock has a 50-day simple moving average of $67.85 and a 200 day simple moving average of $91.03. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the prior year, the business earned $0.91 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.35 earnings per share for the current fiscal year.

About Dollar Tree

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.