Charles Schwab Investment Management Inc. Purchases 10,681 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Charles Schwab Investment Management Inc. raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.9% in the third quarter, HoldingsChannel reports. The firm owned 1,253,423 shares of the company’s stock after buying an additional 10,681 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Dollar Tree were worth $88,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Empower Advisory Group LLC grew its position in Dollar Tree by 41.3% during the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after buying an additional 192,754 shares during the period. Farther Finance Advisors LLC grew its position in shares of Dollar Tree by 374.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $160,000 after acquiring an additional 1,797 shares during the period. Equity Investment Corp grew its holdings in Dollar Tree by 95.9% during 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 during the period. Anthracite Investment Company Inc. purchased a new stake in Dollar Tree in the third quarter worth about $2,813,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Dollar Tree in the second quarter worth about $779,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DLTR. 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 note on Thursday, September 5th. StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein began coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective on the stock. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Finally, Piper Sandler decreased their price target on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $87.95.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $71.50 on Thursday. The firm has a fifty day simple moving average of $67.53 and a two-hundred day simple moving average of $89.21. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $15.37 billion, a P/E ratio of -14.65, a PEG ratio of 2.76 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company 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 period in the previous year, the firm earned $0.91 earnings per share. On average, analysts expect that Dollar Tree, Inc. will post 5.35 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was bought 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 of the company’s stock, valued at $670,616.21. This 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. Corporate insiders own 6.80% of the company’s stock.

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.