Mitsubishi UFJ Asset Management Co. Ltd. Buys 10,663 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,888 shares of the company's stock after buying an additional 10,663 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.10% of Dollar Tree worth $29,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of DLTR. Ameriprise Financial Inc. raised its stake in Dollar Tree by 139.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company's stock valued at $134,202,000 after purchasing an additional 734,229 shares during the last quarter. Mondrian Investment Partners LTD lifted its stake in shares of Dollar Tree by 358.8% during the 3rd quarter. Mondrian Investment Partners LTD now owns 828,322 shares of the company's stock worth $88,175,000 after purchasing an additional 647,800 shares during the period. Toronto Dominion Bank lifted its stake in shares of Dollar Tree by 137.5% during the 3rd quarter. Toronto Dominion Bank now owns 1,100,981 shares of the company's stock worth $117,199,000 after purchasing an additional 637,357 shares during the period. Invesco Ltd. boosted its holdings in shares of Dollar Tree by 24.7% during the third quarter. Invesco Ltd. now owns 1,966,962 shares of the company's stock worth $209,383,000 after purchasing an additional 389,718 shares during the last quarter. Finally, Palestra Capital Management LLC acquired a new position in Dollar Tree in the third quarter valued at $23,813,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Trading Up 2.1 %

Shares of DLTR traded up $2.50 during trading hours on Thursday, hitting $121.30. 2,133,445 shares of the stock traded hands, compared to its average volume of 2,683,811. The business has a fifty day moving average of $127.11 and a 200-day moving average of $129.98. The firm has a market capitalization of $26.47 billion, a PE ratio of -26.31, a price-to-earnings-growth ratio of 1.13 and a beta of 0.92. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Dollar Tree, Inc. has a 1-year low of $102.77 and a 1-year high of $161.10.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts' consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. During the same period last year, the company earned $2.04 earnings per share. The business's revenue was up 11.9% compared to the same quarter last year. Analysts expect that Dollar Tree, Inc. will post 6.92 EPS for the current year.

Insider Activity

In other news, Director Daniel J. Heinrich bought 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now owns 6,225 shares of the company's stock, valued at $795,866.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Jeffrey A. Davis bought 1,800 shares of the firm's stock in a transaction dated Monday, April 1st. The shares were bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the transaction, the chief financial officer now owns 19,047 shares of the company's stock, valued at $2,590,392. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Heinrich purchased 1,000 shares of Dollar Tree stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. 6.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DLTR shares. Truist Financial lowered their target price on shares of Dollar Tree from $149.00 to $147.00 and set a "buy" rating for the company in a report on Thursday, March 14th. Jefferies Financial Group lowered their target price on shares of Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. Loop Capital reduced their price target on shares of Dollar Tree from $195.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, March 14th. Evercore ISI lowered their price objective on shares of Dollar Tree from $144.00 to $142.00 and set an "in-line" rating for the company in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their target price on Dollar Tree from $144.00 to $152.00 and gave the company an "overweight" rating in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of "Moderate Buy" and a consensus price target of $150.05.

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.