Robeco Institutional Asset Management B.V. Acquires 3,085 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Robeco Institutional Asset Management B.V. raised its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 20.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,862 shares of the company’s stock after purchasing an additional 3,085 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Dollar Tree were worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Dollar Tree by 4.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,410 shares of the company’s stock worth $720,000 after purchasing an additional 239 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Dollar Tree by 31.1% during the 1st quarter. Empowered Funds LLC now owns 2,750 shares of the company’s stock worth $366,000 after purchasing an additional 653 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of Dollar Tree by 12.2% during the 1st quarter. Forsta AP Fonden now owns 40,400 shares of the company’s stock worth $5,379,000 after purchasing an additional 4,400 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Dollar Tree during the 1st quarter worth $413,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Dollar Tree during the 1st quarter worth $663,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Sanford C. Bernstein assumed coverage on Dollar Tree in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective on the stock. Telsey Advisory Group lowered Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $95.00 to $75.00 in a research note on Tuesday, November 5th. Evercore ISI reduced their price objective on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 22nd. Finally, Piper Sandler reduced their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $88.11.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The shares were purchased 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 owns 9,823 shares in the company, valued at $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.80% of the company’s stock.

Dollar Tree Price Performance

Shares of DLTR opened at $61.41 on Monday. Dollar Tree, Inc. has a 52-week low of $60.52 and a 52-week 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 business’s 50 day moving average price is $68.87 and its two-hundred day moving average price is $94.17. The firm has a market cap of $13.20 billion, a PE ratio of -12.58, a price-to-earnings-growth ratio of 2.65 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results 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 negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period last year, the firm posted $0.91 earnings per share. Dollar Tree’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.32 EPS for the current year.

Dollar Tree Company 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.