Mirae Asset Global Investments Co. Ltd. Purchases 3,439 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in DLTR. Assetmark Inc. lifted its stake 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. Bessemer Group Inc. lifted its stake 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 last quarter. Hurley Capital LLC acquired a new stake in Dollar Tree during the fourth quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Dollar Tree in the 4th quarter valued at approximately $43,000. Finally, CX Institutional acquired a new position in Dollar Tree in the 1st quarter worth approximately $43,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Bank of America decreased their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. UBS Group raised their price objective on shares of Dollar Tree from $95.00 to $108.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Guggenheim reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Dollar Tree in a research note on Thursday, June 5th. Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the stock a "market perform" rating in a research note on Monday, May 5th. Finally, BMO Capital Markets raised their price objective on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $90.37.

Insiders Place Their Bets

In other news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer owned 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree stock in a transaction on Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the transaction, the chief marketing officer owned 50,419 shares in the company, valued at $4,770,645.78. This trade represents a 29.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,439 shares of company stock worth $2,099,028 in the last 90 days. 6.60% of the stock is owned by insiders.

Dollar Tree Stock Down 1.2%

Shares of Dollar Tree stock traded down $1.26 during midday trading on Friday, reaching $101.76. 2,140,917 shares of the company's stock traded hands, compared to its average volume of 4,225,657. The company has a market cap of $21.24 billion, a price-to-earnings ratio of -7.34, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86. The company's 50 day simple moving average is $91.88 and its 200 day simple moving average is $79.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $108.93.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. Equities analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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.