Nomura Asset Management Co. Ltd. Purchases 2,648 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Nomura Asset Management Co. Ltd. lifted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 188,870 shares of the company’s stock after purchasing an additional 2,648 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Dollar Tree were worth $26,829,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TCW Group Inc. bought a new stake in Dollar Tree during the fourth quarter valued at about $2,014,000. Cambridge Investment Research Advisors Inc. raised its stake in Dollar Tree by 1.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 35,241 shares of the company’s stock valued at $5,006,000 after purchasing an additional 429 shares during the period. Pzena Investment Management LLC purchased a new position in Dollar Tree in the 4th quarter worth approximately $240,000. Franklin Resources Inc. boosted its stake in Dollar Tree by 15.3% in the 4th quarter. Franklin Resources Inc. now owns 2,565,533 shares of the company’s stock worth $364,434,000 after purchasing an additional 340,461 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in Dollar Tree by 9.8% in the 4th quarter. Corient Private Wealth LLC now owns 21,302 shares of the company’s stock worth $3,026,000 after purchasing an additional 1,896 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Trading Up 0.7 %

Dollar Tree stock traded up $0.77 during mid-day trading on Friday, hitting $115.37. The company’s stock had a trading volume of 1,628,869 shares, compared to its average volume of 2,305,740. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The company has a 50 day moving average of $123.77 and a 200-day moving average of $130.10. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $154.96. The stock has a market cap of $25.18 billion, a PE ratio of -24.97, a P/E/G ratio of 1.12 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.04 earnings per share. On average, research analysts anticipate that Dollar Tree, Inc. will post 6.88 EPS for the current year.

Analyst Upgrades and Downgrades

DLTR has been the topic of several research analyst reports. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. Guggenheim increased their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Truist Financial reduced their target price on Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Jefferies Financial Group dropped their price target on Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. Finally, Loop Capital cut their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $150.05.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich purchased 1,000 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were purchased 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 owns 6,225 shares in the company, valued at approximately $795,866.25. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction that occurred on Monday, April 1st. The stock was bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Heinrich bought 1,000 shares of the company’s stock in a transaction on Monday, March 18th. The shares were bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the transaction, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company’s stock.

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.