Daiwa Securities Group Inc. Increases Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Daiwa Securities Group Inc. increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,464 shares of the company’s stock after buying an additional 1,103 shares during the period. Daiwa Securities Group Inc.’s holdings in Dollar Tree were worth $4,469,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Dollar Tree in the third quarter valued at about $26,000. ICA Group Wealth Management LLC purchased a new position in Dollar Tree in the fourth quarter valued at about $27,000. Operose Advisors LLC purchased a new position in Dollar Tree in the third quarter valued at about $34,000. VitalStone Financial LLC purchased a new position in Dollar Tree in the first quarter valued at about $34,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Dollar Tree in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Down 0.2 %

Shares of NASDAQ:DLTR opened at $122.03 on Friday. Dollar Tree, Inc. has a 12-month low of $102.77 and a 12-month high of $161.10. The company has a market capitalization of $26.60 billion, a PE ratio of -26.41, a PEG ratio of 1.17 and a beta of 0.90. The business has a 50 day moving average of $136.07 and a two-hundred day moving average of $128.34. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.04 earnings per share. As a group, analysts forecast that Dollar Tree, Inc. will post 6.91 EPS for the current year.

Insider Activity

In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was acquired at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the transaction, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Daniel J. Heinrich purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the transaction, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey A. Davis purchased 1,800 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the transaction, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Loop Capital cut their target price on Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. BMO Capital Markets cut their target price on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, March 14th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. Finally, Guggenheim raised their price target on Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

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.