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

Charles Schwab Investment Management Inc. grew its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,253,423 shares of the company’s stock after acquiring an additional 10,681 shares during the period. Charles Schwab Investment Management Inc. owned about 0.58% of Dollar Tree worth $88,141,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Primecap Management Co. CA raised its position in Dollar Tree by 5.5% during the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after purchasing an additional 158,385 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Dollar Tree by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after acquiring an additional 138,042 shares in the last quarter. American Century Companies Inc. lifted its stake in Dollar Tree by 6.6% in the second quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock worth $213,958,000 after acquiring an additional 124,021 shares during the period. Equity Investment Corp boosted its holdings in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after acquiring an additional 746,913 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Dollar Tree by 488.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock valued at $111,531,000 after purchasing an additional 867,054 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $71.50 on Thursday. The firm has a market cap 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, Inc. has a twelve month low of $60.49 and a twelve 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. The company has a 50 day moving average of $67.53 and a 200 day moving average of $89.21.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results 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). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts expect that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DLTR. JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. StockNews.com cut Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein began coverage on Dollar Tree in a report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 target price on the stock. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Finally, Telsey Advisory Group downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $95.00 to $75.00 in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average target price of $87.95.

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.