Chartwell Investment Partners LLC Grows Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Chartwell Investment Partners LLC lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 46.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 28,169 shares of the company's stock after acquiring an additional 8,935 shares during the quarter. Chartwell Investment Partners LLC's holdings in Dollar Tree were worth $1,981,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI increased its stake in Dollar Tree by 223.4% in the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company's stock worth $188,379,000 after purchasing an additional 977,313 shares during the period. Primecap Management Co. CA grew its holdings in shares of Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company's stock worth $306,693,000 after purchasing an additional 957,275 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Dollar Tree by 488.4% in the second quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company's stock worth $111,531,000 after buying an additional 867,054 shares during the period. Mizuho Markets Americas LLC bought a new stake in Dollar Tree during the 1st quarter valued at $99,862,000. Finally, Natixis purchased a new stake in Dollar Tree during the 1st quarter valued at $97,439,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Guggenheim lowered their price objective on shares of Dollar Tree from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, September 6th. Redburn Atlantic raised Dollar Tree to a "hold" rating in a research report on Monday, September 23rd. Morgan Stanley cut their price objective on Dollar Tree from $130.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company decreased their target price on Dollar Tree from $130.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, September 5th. Finally, UBS Group cut their price target on shares of Dollar Tree from $155.00 to $105.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Dollar Tree has a consensus rating of "Hold" and a consensus price target of $88.11.

Insider Activity

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the company's stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares in the company, valued at $670,616.21. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.80% of the company's stock.

Dollar Tree Trading Up 4.6 %

Shares of NASDAQ:DLTR traded up $2.88 on Wednesday, hitting $65.15. 4,843,035 shares of the company traded hands, compared to its average volume of 3,315,868. The stock has a 50 day simple moving average of $68.02 and a 200-day simple moving average of $93.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued 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). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.49 billion. During the same period last year, the firm posted $0.91 earnings per share. The firm's quarterly revenue was up .7% on a year-over-year basis. As a group, analysts predict that Dollar Tree, Inc. will post 5.34 EPS for the current fiscal year.

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.