Harvest Fund Management Co. Ltd Buys 3,312 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Harvest Fund Management Co. Ltd raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 50.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,913 shares of the company’s stock after acquiring an additional 3,312 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Dollar Tree were worth $697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empower Advisory Group LLC raised its holdings in Dollar Tree by 41.3% during the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after acquiring an additional 192,754 shares during the period. Farther Finance Advisors LLC raised its holdings in Dollar Tree by 374.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $160,000 after acquiring an additional 1,797 shares during the period. Equity Investment Corp raised its holdings in Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after acquiring an additional 746,913 shares during the period. Anthracite Investment Company Inc. bought a new stake in Dollar Tree during the 3rd quarter valued at $2,813,000. Finally, Sanctuary Advisors LLC bought a new stake in Dollar Tree during the 2nd quarter valued at $779,000. Institutional investors own 97.40% of the company’s stock.

Insider Activity

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. The trade was 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. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DLTR. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Thursday, September 5th. 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 price target on the stock. Barclays decreased their price target on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Truist Financial decreased their price target on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Telsey Advisory Group cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $95.00 to $75.00 in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Dollar Tree currently has an average rating of “Hold” and an average target price of $87.95.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $69.78 on Tuesday. The company has a 50-day simple moving average of $67.70 and a two-hundred day simple moving average of $89.70. 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, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of -14.30, a PEG ratio of 2.63 and a beta of 0.87.

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

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.