Mizuho Markets Americas LLC decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 92.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,200 shares of the company's stock after selling 230,800 shares during the period. Mizuho Markets Americas LLC's holdings in Dollar Tree were worth $1,441,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Forum Financial Management LP bought a new stake in shares of Dollar Tree during the 4th quarter valued at about $340,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Dollar Tree by 50.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company's stock valued at $1,030,000 after purchasing an additional 4,619 shares in the last quarter. McGinn Penninger Investment Management Inc. boosted its stake in shares of Dollar Tree by 13.2% during the 1st quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company's stock valued at $5,149,000 after purchasing an additional 8,015 shares in the last quarter. Bastion Asset Management Inc. bought a new stake in shares of Dollar Tree during the 1st quarter valued at about $3,585,000. Finally, Empower Advisory Group LLC boosted its stake in shares of Dollar Tree by 8.0% during the 1st quarter. Empower Advisory Group LLC now owns 821,288 shares of the company's stock valued at $61,654,000 after purchasing an additional 60,865 shares in the last quarter. Institutional investors own 97.40% of the company's stock.
Dollar Tree Stock Down 1.6%
Dollar Tree stock traded down $1.83 during trading hours on Monday, hitting $114.29. The stock had a trading volume of 2,483,923 shares, compared to its average volume of 3,109,943. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $23.85 billion, a P/E ratio of -8.25, a price-to-earnings-growth ratio of 2.49 and a beta of 0.88. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. The stock's 50-day moving average price is $105.08 and its 200-day moving average price is $86.35.
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, beating the consensus estimate of $1.21 by $0.05. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The firm had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The firm's quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.
Dollar Tree declared that its board has authorized a stock repurchase plan on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the company to repurchase up to 11.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.
Insider Buying and Selling at Dollar Tree
In other news, CMO Richard L. Mcneely sold 21,026 shares of the business's 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 completion of the transaction, the chief marketing officer directly owned 50,419 shares of the company's stock, valued at $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.60% of the stock is owned by insiders.
Analyst Ratings Changes
DLTR has been the topic of a number of research reports. Telsey Advisory Group reaffirmed a "market perform" rating and set a $95.00 target price on shares of Dollar Tree in a research note on Wednesday, June 4th. Barclays raised shares of 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 note on Monday, July 21st. Cfra Research raised shares of Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. UBS Group boosted 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. Finally, Morgan Stanley boosted their price objective on shares of Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Dollar Tree has an average rating of "Hold" and an average price target of $97.74.
Get Our Latest Analysis on Dollar Tree
About Dollar Tree
(
Free Report)
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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