Sumitomo Mitsui DS Asset Management Company Ltd Acquires 5,328 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,829 shares of the company's stock after acquiring an additional 5,328 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Dollar Tree were worth $1,939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Pzena Investment Management LLC bought a new position in shares of Dollar Tree during the 4th quarter valued at approximately $520,000. Intrepid Capital Management Inc. lifted its stake in Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock valued at $2,025,000 after purchasing an additional 13,751 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Dollar Tree during the fourth quarter valued at $380,000. Forum Financial Management LP purchased a new stake in Dollar Tree in the fourth quarter worth $340,000. Finally, RD Lewis Holdings Inc. bought a new stake in shares of Dollar Tree in the fourth quarter valued at $417,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction that occurred on Monday, April 14th. The stock was 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 $316,055.70. The trade was a 22.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $94.62, for a total value of $1,989,480.12. Following the sale, the chief marketing officer directly owned 50,419 shares of the company's stock, valued at approximately $4,770,645.78. This trade represents a 29.43% 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 ninety days. 6.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of recent research reports. UBS Group upped their price target on Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Truist Financial increased their target price on shares of Dollar Tree from $89.00 to $100.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Cfra Research raised shares of Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $103.00 in a report on Monday, April 7th. Finally, Sanford C. Bernstein set a $82.00 price target on shares of Dollar Tree and gave the stock a "market perform" rating in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $90.37.

Dollar Tree Price Performance

DLTR stock traded down $1.26 during mid-day trading on Friday, hitting $101.76. 2,140,917 shares of the stock were exchanged, compared to its average volume of 4,213,225. The business has a fifty day moving average price of $91.88 and a 200 day moving average price of $79.19. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $108.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of -7.34, a PEG ratio of 2.19 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) 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 analyst estimates of $4.52 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. Dollar Tree's revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree 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.