Poplar Forest Capital LLC Increases Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Poplar Forest Capital LLC raised its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 23.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221,791 shares of the company's stock after acquiring an additional 41,896 shares during the quarter. Dollar Tree makes up about 2.1% of Poplar Forest Capital LLC's holdings, making the stock its 24th biggest holding. Poplar Forest Capital LLC owned about 0.10% of Dollar Tree worth $15,596,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Radnor Capital Management LLC acquired a new stake in Dollar Tree during the third quarter worth approximately $1,656,000. Asset Management One Co. Ltd. raised its holdings in Dollar Tree by 5.1% during the third quarter. Asset Management One Co. Ltd. now owns 81,343 shares of the company's stock worth $5,720,000 after purchasing an additional 3,970 shares in the last quarter. National Pension Service raised its holdings in Dollar Tree by 0.4% during the third quarter. National Pension Service now owns 313,561 shares of the company's stock worth $22,050,000 after purchasing an additional 1,352 shares in the last quarter. Intact Investment Management Inc. raised its holdings in Dollar Tree by 15.2% during the third quarter. Intact Investment Management Inc. now owns 10,300 shares of the company's stock worth $724,000 after purchasing an additional 1,360 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Dollar Tree by 20.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 17,862 shares of the company's stock worth $1,256,000 after purchasing an additional 3,085 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insiders Place Their Bets

In related news, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company's stock, valued at $670,616.21. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DLTR shares. Evercore ISI cut their price objective on shares of Dollar Tree from $105.00 to $100.00 and set an "in-line" rating on the stock in a report on Tuesday, October 22nd. The Goldman Sachs Group cut their target price on shares of Dollar Tree from $145.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, September 10th. Morgan Stanley cut their target price on shares of Dollar Tree from $130.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday, September 5th. BMO Capital Markets cut shares of Dollar Tree from an "outperform" rating to a "market perform" rating and cut their target price for the company from $130.00 to $68.00 in a report on Thursday, September 5th. Finally, Sanford C. Bernstein started coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Dollar Tree presently has an average rating of "Hold" and an average price target of $88.11.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded up $1.46 during midday trading on Thursday, hitting $63.87. The company had a trading volume of 3,462,797 shares, compared to its average volume of 3,282,739. Dollar Tree, Inc. has a twelve month low of $60.52 and a twelve month high of $151.21. The business has a 50-day simple moving average of $69.76 and a two-hundred day simple moving average of $95.00. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share 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 company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company's quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts predict that Dollar Tree, Inc. will post 5.33 EPS for the current 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.