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

Intech Investment Management LLC raised its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 68.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 257,138 shares of the company’s stock after purchasing an additional 104,508 shares during the quarter. Intech Investment Management LLC owned about 0.12% of Dollar Tree worth $18,082,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Anthracite Investment Company Inc. acquired a new position in Dollar Tree during the 3rd quarter worth approximately $2,813,000. First Horizon Advisors Inc. increased its holdings in shares of Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Dollar Tree during the 3rd quarter worth about $353,000. Quest Partners LLC lifted its stake in Dollar Tree by 28.3% during the third quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock worth $141,000 after purchasing an additional 442 shares during the last quarter. Finally, Equity Investment Corp boosted its holdings in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after purchasing an additional 746,913 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This represents a 28.86 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DLTR. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday. Evercore ISI reduced their price objective on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. Guggenheim reduced their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, Morgan Stanley decreased their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $87.95.

Dollar Tree Stock Performance

Shares of DLTR opened at $63.18 on Thursday. The stock has a 50-day moving average price of $67.85 and a 200 day moving average price of $91.03. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. 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 (NASDAQ:DLTR) last announced 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). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter last year, the business earned $0.91 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts forecast 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.