Anthracite Investment Company Inc. Purchases New Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Anthracite Investment Company Inc. acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 40,000 shares of the company’s stock, valued at approximately $2,813,000.

Several other large investors also recently made changes to their positions in the business. Primecap Management Co. CA boosted its holdings in Dollar Tree by 50.0% in the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after acquiring an additional 957,275 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Dollar Tree by 14.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock valued at $377,804,000 after purchasing an additional 348,442 shares during the period. Dimensional Fund Advisors LP grew its holdings in Dollar Tree by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after purchasing an additional 138,042 shares in the last quarter. American Century Companies Inc. lifted its holdings in Dollar Tree by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock worth $213,958,000 after buying an additional 124,021 shares in the last quarter. Finally, Equity Investment Corp boosted its position in Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Down 2.5 %

DLTR stock opened at $64.87 on Wednesday. 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 business’s 50-day simple moving average is $67.92 and its 200 day simple moving average is $91.22. The company has a market cap of $13.95 billion, a PE ratio of -13.29, a price-to-earnings-growth ratio of 2.54 and a beta of 0.87. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates 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 firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.35 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on DLTR. Wells Fargo & Company dropped their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Loop Capital downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a report on Thursday, September 5th. The Goldman Sachs Group reduced their price objective on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Telsey Advisory Group lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $95.00 to $75.00 in a research report on Tuesday, November 5th. Finally, Morgan Stanley decreased their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $87.95.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.80% of the company’s stock.

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.