Mufg Securities Americas Inc. Purchases Shares of 2,984 Dollar Tree, Inc. (NASDAQ:DLTR)

Mufg Securities Americas Inc. purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,984 shares of the company's stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Empower Advisory Group LLC lifted its holdings in shares of Dollar Tree by 15.3% in the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after acquiring an additional 100,676 shares during the last quarter. Pzena Investment Management LLC acquired a new position in Dollar Tree during the fourth quarter worth $520,000. Strategic Wealth Investment Group LLC purchased a new stake in Dollar Tree during the fourth quarter worth $448,000. Intrepid Capital Management Inc. raised its holdings in shares of Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after acquiring an additional 13,751 shares during the last quarter. Finally, Alberta Investment Management Corp grew its position in shares of Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock valued at $7,014,000 after purchasing an additional 67,100 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Transactions at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This trade represents a 103.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $316,055.70. The trade was a 22.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.60% of the company's stock.

Dollar Tree Trading Up 4.6%

NASDAQ:DLTR traded up $4.01 during midday trading on Tuesday, hitting $90.62. The stock had a trading volume of 3,963,534 shares, compared to its average volume of 4,078,530. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $76.26 and a 200 day moving average of $72.87. The company has a market capitalization of $19.49 billion, a price-to-earnings ratio of -19.00, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $121.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the firm posted $2.55 earnings per share. The company's quarterly revenue was up .7% on a year-over-year basis. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Guggenheim reiterated a "buy" rating and issued a $100.00 price target (up previously from $95.00) on shares of Dollar Tree in a research note on Monday, May 5th. Evercore ISI raised their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research note on Thursday, March 27th. Truist Financial boosted their target price on Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price objective on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $76.00 to $103.00 in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree has a consensus rating of "Hold" and an average target price of $82.68.

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.