Mirae Asset Global Investments Co. Ltd. Raises Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Mirae Asset Global Investments Co. Ltd. raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 17.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,105 shares of the company's stock after buying an additional 3,439 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Dollar Tree were worth $1,681,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DLTR. Assetmark Inc. boosted its holdings in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares in the last quarter. Bessemer Group Inc. grew its holdings in Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after purchasing an additional 346 shares during the period. Hurley Capital LLC bought a new position in Dollar Tree during the fourth quarter valued at $33,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Dollar Tree in the fourth quarter worth $43,000. Finally, CX Institutional bought a new position in shares of Dollar Tree in the first quarter worth $43,000. Institutional investors own 97.40% of the company's stock.

Insider Activity at Dollar Tree

In other news, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the completion of the transaction, the chief marketing officer owned 50,419 shares of the company's stock, valued at approximately $4,770,645.78. This represents a 29.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer directly owned 4,231 shares of the company's stock, valued at approximately $316,055.70. This trade represents a 22.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,439 shares of company stock valued at $2,099,028 in the last three months. Corporate insiders own 6.60% of the company's stock.

Dollar Tree Trading Down 1.2%

NASDAQ DLTR traded down $1.26 on Friday, hitting $101.76. The company's stock had a trading volume of 2,140,917 shares, compared to its average volume of 4,225,657. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $108.93. 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 simple moving average is $91.88 and its 200 day simple moving average is $79.33. The firm has a market cap of $21.24 billion, a P/E ratio of -7.34, a PEG ratio of 2.19 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released 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. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The business had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter last year, the business posted $1.43 EPS. The business's revenue was up 11.3% on a year-over-year basis. Research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on DLTR. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $95.00 price target on shares of Dollar Tree in a report on Wednesday, June 4th. Truist Financial boosted their target price on Dollar Tree from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Guggenheim restated a "buy" rating and set a $100.00 target price on shares of Dollar Tree in a research report on Thursday, June 5th. Morgan Stanley boosted their target price on Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. Finally, UBS Group boosted their target price on Dollar Tree from $95.00 to $108.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $90.37.

Dollar Tree Company 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.