ARGA Investment Management LP Buys 13,332 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

ARGA Investment Management LP boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 113.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 25,064 shares of the company’s stock after buying an additional 13,332 shares during the quarter. ARGA Investment Management LP’s holdings in Dollar Tree were worth $1,762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its position in shares of Dollar Tree by 198.9% during 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar Tree during the second quarter valued at approximately $37,000. Blue Trust Inc. boosted its holdings in Dollar Tree by 174.5% during the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 274 shares in the last quarter. Eastern Bank bought a new stake in shares of Dollar Tree in the 3rd quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Dollar Tree by 29.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Trading Down 0.3 %

Shares of DLTR opened at $71.27 on Friday. The stock’s fifty day simple moving average is $67.47 and its 200-day simple moving average is $88.53. The firm has a market capitalization of $15.32 billion, a PE ratio of -14.60, a price-to-earnings-growth ratio of 2.83 and a beta of 0.87. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month 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.

Dollar Tree (NASDAQ:DLTR) last announced 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 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 business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. As a group, research analysts predict that Dollar Tree, Inc. will post 5.35 earnings per share for the current year.

Insider Activity at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired 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 in the company, valued at approximately $670,616.21. This trade 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. 6.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. The Goldman Sachs Group decreased their price target on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Guggenheim reduced their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Evercore ISI dropped their target price on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Wells Fargo & Company reduced their price target on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Finally, Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.95.

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.