Equity Investment Corp Buys 96,513 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Equity Investment Corp lifted its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 22.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 530,020 shares of the company's stock after buying an additional 96,513 shares during the quarter. Dollar Tree comprises 2.1% of Equity Investment Corp's investment portfolio, making the stock its 26th largest holding. Equity Investment Corp owned 0.24% of Dollar Tree worth $75,289,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in Dollar Tree in the 3rd quarter worth approximately $26,000. Operose Advisors LLC bought a new stake in Dollar Tree in the 3rd quarter valued at $34,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Dollar Tree in the 4th quarter worth $35,000. City State Bank increased its holdings in shares of Dollar Tree by 200.0% during the 4th quarter. City State Bank now owns 300 shares of the company's stock worth $43,000 after purchasing an additional 200 shares during the period. Finally, Mendota Financial Group LLC bought a new stake in shares of Dollar Tree in the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group lowered their price objective on Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. KeyCorp upgraded Dollar Tree from a "sector weight" rating to an "overweight" rating and set a $150.00 price target on the stock in a research report on Wednesday, May 1st. Oppenheimer reissued a "market perform" rating on shares of Dollar Tree in a research note on Monday, March 4th. Gordon Haskett lowered Dollar Tree from a "buy" rating to a "hold" rating and lowered their target price for the company from $150.00 to $140.00 in a research note on Wednesday, April 3rd. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $160.00 price target on shares of Dollar Tree in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $150.05.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR traded down $3.99 during midday trading on Friday, reaching $117.31. The company had a trading volume of 2,359,970 shares, compared to its average volume of 2,152,445. The business's 50 day moving average price is $125.93 and its 200 day moving average price is $129.97. Dollar Tree, Inc. has a 1-year low of $102.77 and a 1-year high of $161.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts' consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the prior year, the business earned $2.04 EPS. The business's revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts predict that Dollar Tree, Inc. will post 6.92 EPS for the current year.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich bought 1,000 shares of Dollar Tree stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average price of $127.85 per share, with a total value of $127,850.00. Following the acquisition, the director now owns 6,225 shares of the company's stock, valued at approximately $795,866.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dollar Tree news, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction dated Monday, March 18th. The shares were bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the acquisition, the director now owns 6,225 shares of the company's stock, valued at $795,866.25. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey A. Davis acquired 1,800 shares of the company's stock in a transaction on Monday, April 1st. The stock was bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company's stock.

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.