Anthracite Investment Company Inc. Buys Shares of 4,000 Dollar Tree, Inc. $DLTR

Anthracite Investment Company Inc. bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, Holdings Channel.com reports. The firm bought 4,000 shares of the company’s stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Price T Rowe Associates Inc. MD raised its position in Dollar Tree by 69.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock valued at $439,025,000 after purchasing an additional 2,400,586 shares during the period. Alyeska Investment Group L.P. raised its position in Dollar Tree by 1,055.1% in the first quarter. Alyeska Investment Group L.P. now owns 2,322,189 shares of the company’s stock valued at $174,327,000 after purchasing an additional 2,121,149 shares during the period. EdgePoint Investment Group Inc. raised its position in Dollar Tree by 21.4% in the first quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company’s stock valued at $723,788,000 after purchasing an additional 1,701,344 shares during the period. Maverick Capital Ltd. purchased a new stake in Dollar Tree in the first quarter valued at $69,890,000. Finally, Alliancebernstein L.P. raised its position in Dollar Tree by 155.1% in the first quarter. Alliancebernstein L.P. now owns 1,353,050 shares of the company’s stock valued at $101,573,000 after purchasing an additional 822,694 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Activity

In other news, insider Robert Aflatooni sold 1,260 shares of the stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $94.70, for a total value of $119,322.00. Following the transaction, the insider owned 21,402 shares in the company, valued at approximately $2,026,769.40. This represents a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the transaction, the director owned 4,089 shares in the company, valued at approximately $410,208.48. The trade was a 22.47% decrease in their position. The disclosure for this sale can be found here. 6.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Dollar Tree from $96.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. JPMorgan Chase & Co. boosted their price objective on Dollar Tree from $138.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, September 4th. Wells Fargo & Company cut their price objective on Dollar Tree from $130.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. UBS Group reiterated a “buy” rating and issued a $140.00 price objective on shares of Dollar Tree in a report on Tuesday, August 26th. Finally, Piper Sandler cut their price objective on Dollar Tree from $112.00 to $108.00 and set a “neutral” rating on the stock in a report on Thursday, September 4th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $110.00.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $99.05 on Friday. The stock’s 50-day moving average is $99.29 and its two-hundred day moving average is $97.22. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $118.06. The company has a market cap of $20.20 billion, a price-to-earnings ratio of -7.30, a price-to-earnings-growth ratio of 1.71 and a beta of 0.85.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.39. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the prior year, the business earned $0.67 EPS. Dollar Tree’s revenue was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its board has approved a share repurchase plan on Wednesday, July 9th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 11.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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.