Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 6.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,471,865 shares of the company’s stock after acquiring an additional 85,508 shares during the period. Charles Schwab Investment Management Inc. owned 0.68% of Dollar Tree worth $110,493,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Dollar Tree by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company’s stock worth $1,789,648,000 after purchasing an additional 389,490 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Dollar Tree by 5.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company’s stock worth $743,461,000 after purchasing an additional 533,920 shares during the period. Capital International Investors increased its position in Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after purchasing an additional 2,023,819 shares during the period. EdgePoint Investment Group Inc. increased its position in Dollar Tree by 14.4% during the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company’s stock worth $595,036,000 after purchasing an additional 1,000,637 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its stake in shares of Dollar Tree by 382.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock worth $488,974,000 after acquiring an additional 5,173,238 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTR has been the topic of several research analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price target on shares of Dollar Tree in a research note on Wednesday, June 4th. Wells Fargo & Company boosted their price target on Dollar Tree from $105.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 22nd. UBS Group boosted their price target on Dollar Tree from $95.00 to $108.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Jefferies Financial Group initiated coverage on Dollar Tree in a research note on Thursday, July 17th. They set a “hold” rating and a $106.00 price target on the stock. Finally, Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the stock a “market perform” rating in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $97.74.

Dollar Tree Trading Down 1.6%

Shares of Dollar Tree stock opened at $114.29 on Tuesday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The firm has a market cap of $23.85 billion, a PE ratio of -8.25, a P/E/G ratio of 2.49 and a beta of 0.88. The business’s fifty day moving average is $105.08 and its two-hundred day moving average is $86.35. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the prior year, the company posted $1.43 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its board has approved a share repurchase program on Wednesday, July 9th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the company to purchase up to 11.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Dollar Tree

In other news, CMO Richard L. Mcneely sold 21,026 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the sale, the chief marketing officer directly owned 50,419 shares in the company, valued at $4,770,645.78. This represents a 29.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.60% of the stock is currently owned by corporate insiders.

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.