Equity Investment Corp Has $107.26 Million Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Equity Investment Corp lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 95.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,525,374 shares of the company's stock after purchasing an additional 746,913 shares during the period. Dollar Tree accounts for approximately 2.5% of Equity Investment Corp's investment portfolio, making the stock its 17th biggest holding. Equity Investment Corp owned approximately 0.71% of Dollar Tree worth $107,264,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Primecap Management Co. CA increased its holdings in shares of Dollar Tree by 50.0% during 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 period. Canada Pension Plan Investment Board raised its holdings in Dollar Tree by 14.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company's stock valued at $377,804,000 after acquiring an additional 348,442 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Dollar Tree by 5.9% in the 2nd 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. grew its holdings in shares of Dollar Tree by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company's stock worth $213,958,000 after purchasing an additional 124,021 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its position in shares of Dollar Tree by 0.7% in the first quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company's stock worth $246,526,000 after purchasing an additional 12,845 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Daniel J. Heinrich bought 2,200 shares of the company's stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now directly owns 9,823 shares of the company's stock, valued at approximately $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is owned by company insiders.

Dollar Tree Trading Up 3.6 %

DLTR stock traded up $2.33 during trading on Monday, hitting $66.53. The company had a trading volume of 4,999,029 shares, compared to its average volume of 3,400,048. The stock has a market cap of $14.30 billion, a PE ratio of -13.63, a PEG ratio of 2.71 and a beta of 0.87. The business has a 50-day moving average of $67.93 and a 200-day moving average of $91.62. 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, Inc. has a one year low of $60.49 and a one year high of $151.21.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on DLTR shares. Citigroup reduced their price objective on shares of Dollar Tree from $120.00 to $64.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. BMO Capital Markets decreased their price objective on shares of Dollar Tree from $68.00 to $65.00 and set a "market perform" rating on the stock in a research note on Monday. Wells Fargo & Company reduced their target price on Dollar Tree from $130.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, September 5th. Telsey Advisory Group cut Dollar Tree from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $95.00 to $75.00 in a report on Tuesday, November 5th. Finally, Evercore ISI reduced their price objective on Dollar Tree from $105.00 to $100.00 and set an "in-line" rating on the stock in a research note on Tuesday, October 22nd. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $87.95.

About Dollar Tree

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.