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

Intech Investment Management LLC boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 565.9% during the 2nd quarter, Holdings Channel reports. The firm owned 152,630 shares of the company’s stock after acquiring an additional 129,708 shares during the quarter. Intech Investment Management LLC’s holdings in Dollar Tree were worth $16,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new stake in shares of Dollar Tree in the 4th quarter valued at $26,000. United Community Bank purchased a new stake in shares of Dollar Tree in the 4th quarter valued at $27,000. Register Financial Advisors LLC purchased a new stake in shares of Dollar Tree in the 1st quarter valued at $28,000. Mather Group LLC. boosted its holdings 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 acquiring an additional 187 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Dollar Tree in the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $73.88 on Friday. The firm has a 50-day simple moving average of $91.43 and a 200-day simple moving average of $110.39. The stock has a market capitalization of $15.88 billion, a price-to-earnings ratio of -16.10, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. 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, Inc. has a 52 week low of $60.81 and a 52 week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. On average, equities analysts predict that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Robert Aflatooni sold 827 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DLTR. StockNews.com downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. The Goldman Sachs Group dropped their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. JPMorgan Chase & Co. cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $111.00 to $70.00 in a research note on Wednesday, September 4th. Piper Sandler decreased their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, KeyCorp decreased their target price on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Dollar Tree currently has an average rating of “Hold” and a consensus price target of $92.53.

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.