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

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

Other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. grew its stake in shares of Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Dollar Tree in the third quarter worth approximately $353,000. Quest Partners LLC increased its stake in Dollar Tree by 28.3% during the third quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock worth $141,000 after acquiring an additional 442 shares during the last quarter. Equity Investment Corp increased its stake in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after acquiring an additional 746,913 shares during the last quarter. Finally, Marathon Trading Investment Management LLC purchased a new stake in Dollar Tree in the third quarter valued at $211,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Activity

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.80% of the company’s stock.

Dollar Tree Stock Performance

Shares of DLTR opened at $64.87 on Wednesday. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $13.95 billion, a PE ratio of -13.29, a P/E/G ratio of 2.54 and a beta of 0.87. The company has a 50-day simple moving average of $67.92 and a 200-day simple moving average of $91.22.

Dollar Tree (NASDAQ:DLTR) last released its quarterly 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). The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 EPS. Equities research analysts predict that Dollar Tree, Inc. will post 5.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DLTR has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company lowered their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Redburn Atlantic raised Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Loop Capital downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Thursday, September 5th. Finally, Evercore ISI lowered their target price on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.