Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 181,834 shares of the company’s stock after selling 5,557 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Dollar Tree worth $26,093,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its holdings in shares of Dollar Tree by 15.2% during the 1st quarter. Guggenheim Capital LLC now owns 48,582 shares of the company’s stock worth $6,974,000 after acquiring an additional 6,423 shares during the period. Norris Perne & French LLP MI boosted its position in Dollar Tree by 1.2% in the second quarter. Norris Perne & French LLP MI now owns 92,987 shares of the company’s stock valued at $13,344,000 after buying an additional 1,147 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Dollar Tree by 37.6% in the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 12,945 shares of the company’s stock worth $1,858,000 after purchasing an additional 3,537 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Dollar Tree by 9.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,780 shares of the company’s stock worth $5,280,000 after purchasing an additional 3,043 shares in the last quarter. Finally, Paralel Advisors LLC raised its position in Dollar Tree by 2.7% in the first quarter. Paralel Advisors LLC now owns 11,336 shares of the company’s stock valued at $1,627,000 after purchasing an additional 298 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.
Dollar Tree Stock Performance
Shares of Dollar Tree stock opened at $115.60 on Tuesday. The business has a 50-day simple moving average of $110.39 and a 200 day simple moving average of $131.19. The firm has a market capitalization of $25.43 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 7.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.48 and a quick ratio of 0.20. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $166.15.
Analysts Set New Price Targets
DLTR has been the subject of several recent research reports. Citigroup lowered their price objective on Dollar Tree from $167.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, August 25th. Barclays dropped their price target on shares of Dollar Tree from $138.00 to $128.00 and set an “equal weight” rating for the company in a research note on Friday, August 25th. The Goldman Sachs Group raised shares of Dollar Tree from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $150.00 to $137.00 in a research note on Tuesday, October 17th. Guggenheim reaffirmed a “buy” rating and set a $155.00 target price on shares of Dollar Tree in a research report on Wednesday, August 30th. Finally, Piper Sandler decreased their price target on Dollar Tree from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.22.
In other news, Director Daniel J. Heinrich purchased 1,650 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was purchased at an average cost of $105.24 per share, with a total value of $173,646.00. Following the acquisition, the director now directly owns 1,650 shares in the company, valued at $173,646. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Dollar Tree news, Director Daniel J. Heinrich acquired 1,650 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was bought at an average price of $105.24 per share, with a total value of $173,646.00. Following the purchase, the director now owns 1,650 shares of the company’s stock, valued at $173,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Aflatooni sold 1,259 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $107.03, for a total value of $134,750.77. Following the completion of the sale, the insider now directly owns 7,157 shares in the company, valued at $766,013.71. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail 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.
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