Intech Investment Management LLC Acquires 129,708 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Intech Investment Management LLC raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 565.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,630 shares of the company’s stock after purchasing an additional 129,708 shares during the quarter. Intech Investment Management LLC owned 0.07% of Dollar Tree worth $16,296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of DLTR. ICA Group Wealth Management LLC bought a new position in Dollar Tree during the fourth quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in Dollar Tree during the second quarter valued at $26,000. United Community Bank bought a new position in Dollar Tree during the fourth quarter valued at $27,000. Register Financial Advisors LLC bought a new position in Dollar Tree during the first quarter valued at $28,000. Finally, Mather Group LLC. lifted its position in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group lowered their target price on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Piper Sandler lowered their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. BMO Capital Markets lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $130.00 to $68.00 in a report on Thursday, September 5th. Finally, Citigroup lowered their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $92.53.

Insider Buying and Selling

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

Dollar Tree Trading Down 2.4 %

NASDAQ:DLTR opened at $73.88 on Friday. Dollar Tree, Inc. has a one year low of $60.81 and a one year high of $151.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The firm has a market cap of $15.88 billion, a P/E ratio of -16.10, a P/E/G ratio of 2.82 and a beta of 0.87. The firm has a 50-day simple moving average of $91.43 and a 200-day simple moving average of $110.39.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.91 EPS. Equities analysts anticipate that Dollar Tree, Inc. will post 5.33 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.