Asset Management One Co. Ltd. Raises Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Asset Management One Co. Ltd. increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 82,448 shares of the company's stock after buying an additional 4,107 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Dollar Tree were worth $6,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in shares of Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after buying an additional 346 shares during the last quarter. Assetmark Inc. lifted its holdings in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after purchasing an additional 232 shares during the last quarter. Hurley Capital LLC purchased a new stake in Dollar Tree during the fourth quarter valued at about $33,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Dollar Tree during the fourth quarter valued at about $43,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DLTR. UBS Group upped their price objective on shares of Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Bank of America dropped their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. raised shares of Dollar Tree from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $72.00 to $111.00 in a report on Thursday, June 5th. Evercore ISI upped their price objective on shares of Dollar Tree from $92.00 to $94.00 and gave the company an "in-line" rating in a report on Tuesday, June 24th. Finally, Wells Fargo & Company set a $105.00 price target on Dollar Tree and gave the company an "overweight" rating in a research report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Dollar Tree presently has a consensus rating of "Hold" and a consensus price target of $90.37.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The shares were acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. The trade was a 103.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the transaction, the chief marketing officer now owns 50,419 shares in the company, valued at $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,616 shares of company stock worth $2,112,402 over the last ninety days. Insiders own 6.60% of the company's stock.

Dollar Tree Stock Down 0.7%

DLTR stock opened at $98.70 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $89.88 and its 200 day moving average is $78.17. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of -7.12, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $109.36.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.05. The company had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. Dollar Tree's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 earnings per share. Sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.

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