Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,237 shares of the company’s stock after buying an additional 276 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Dollar Tree were worth $2,733,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DLTR. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Dollar Tree during the third quarter valued at approximately $26,000. Operose Advisors LLC purchased a new position in Dollar Tree in the third quarter worth $34,000. Turtle Creek Wealth Advisors LLC purchased a new position in Dollar Tree in the fourth quarter worth $35,000. City State Bank boosted its position in Dollar Tree by 200.0% in the fourth quarter. City State Bank now owns 300 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares during the last quarter. Finally, Mendota Financial Group LLC purchased a new position in Dollar Tree in the fourth quarter worth $52,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insiders Place Their Bets

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

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $122.56 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. Dollar Tree, Inc. has a 52-week low of $102.77 and a 52-week high of $161.10. The firm has a market cap of $26.72 billion, a price-to-earnings ratio of -26.53, a PEG ratio of 1.15 and a beta of 0.90. The business’s fifty day moving average is $135.30 and its 200 day moving average is $128.91.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. Loop Capital cut their price objective on Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $160.00 price objective on shares of Dollar Tree in a research report on Thursday, March 14th. Gordon Haskett cut Dollar Tree from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. upped their price target on Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $150.05.

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.