Anthracite Investment Company Inc. Takes $2.81 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Anthracite Investment Company Inc. acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,000 shares of the company's stock, valued at approximately $2,813,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLTR. Strategic Financial Concepts LLC bought a new stake in Dollar Tree in the second quarter valued at about $26,000. Mather Group LLC. raised its position in shares of Dollar Tree by 198.9% in 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 during the period. Eastern Bank bought a new position in Dollar Tree during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar Tree during the second quarter valued at approximately $37,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Price Performance

Shares of Dollar Tree stock traded down $1.69 on Wednesday, hitting $63.18. 6,029,053 shares of the company traded hands, compared to its average volume of 3,412,272. The company has a market cap of $13.58 billion, a P/E ratio of -13.29, a P/E/G ratio of 2.54 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 firm's 50-day simple moving average is $67.92 and its 200 day simple moving average is $91.22. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion for the quarter, compared to analysts' expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree's quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. Analysts expect that Dollar Tree, Inc. will post 5.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the business's stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, the director now owns 9,823 shares of the company's stock, valued at approximately $670,616.21. This represents a 28.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on DLTR shares. Barclays lowered their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an "equal weight" rating on the stock in a report on Thursday, September 5th. UBS Group cut their price objective on Dollar Tree from $155.00 to $105.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. Redburn Atlantic raised shares of Dollar Tree to a "hold" rating in a report on Monday, September 23rd. StockNews.com lowered Dollar Tree from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on Dollar Tree from $70.00 to $82.00 and gave the stock a "neutral" rating in a research 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 assigned a buy rating to the company's stock. According to MarketBeat, Dollar Tree currently has an average rating of "Hold" and an average price target 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.