Mitsubishi UFJ Asset Management Co. Ltd. Has $27.06 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 16.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 360,401 shares of the company's stock after acquiring an additional 51,646 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.17% of Dollar Tree worth $27,055,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DLTR. Kovitz Investment Group Partners LLC boosted its stake in Dollar Tree by 382.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock valued at $488,974,000 after acquiring an additional 5,173,238 shares during the period. Marshall Wace LLP boosted its stake in Dollar Tree by 784.2% in the fourth quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock valued at $328,040,000 after acquiring an additional 3,882,324 shares during the period. Balyasny Asset Management L.P. boosted its stake in Dollar Tree by 2,489.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company's stock valued at $196,452,000 after acquiring an additional 2,520,237 shares during the period. Capital International Investors boosted its stake in Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company's stock valued at $656,000,000 after acquiring an additional 2,023,819 shares during the period. Finally, Corvex Management LP boosted its stake in Dollar Tree by 155.2% in the fourth quarter. Corvex Management LP now owns 2,886,735 shares of the company's stock valued at $216,332,000 after acquiring an additional 1,755,761 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DLTR shares. Telsey Advisory Group reiterated a "market perform" rating and set a $95.00 price objective on shares of Dollar Tree in a research report on Wednesday, June 4th. Barclays upgraded Dollar Tree from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $95.00 to $138.00 in a research report on Monday, July 21st. Jefferies Financial Group started coverage on Dollar Tree in a research report on Thursday, July 17th. They set a "hold" rating and a $106.00 price objective for the company. Wells Fargo & Company boosted their price objective on Dollar Tree from $105.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley boosted their price objective 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. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Dollar Tree presently has a consensus rating of "Hold" and an average price target of $99.89.

Insider Activity

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the company's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.60% of the company's stock.

Dollar Tree Price Performance

NASDAQ:DLTR traded up $1.34 during midday trading on Wednesday, hitting $115.40. 3,331,041 shares of the stock were exchanged, compared to its average volume of 4,144,864. The company has a market capitalization of $24.08 billion, a price-to-earnings ratio of -8.33, a P/E/G ratio of 2.45 and a beta of 0.88. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06. The business has a 50-day moving average price of $105.42 and a two-hundred day moving average price of $86.55. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, beating 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 positive return on equity of 19.36% and a negative net margin of 12.15%. The firm's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. Sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its board has initiated a stock buyback plan on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 11.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

About Dollar Tree

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.