Daiwa Securities Group Inc. Increases Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Daiwa Securities Group Inc. boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,464 shares of the company’s stock after purchasing an additional 1,103 shares during the period. Daiwa Securities Group Inc.’s holdings in Dollar Tree were worth $4,469,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DLTR. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Dollar Tree in the 3rd quarter worth approximately $26,000. ICA Group Wealth Management LLC purchased a new position in Dollar Tree in the 4th quarter worth approximately $27,000. Operose Advisors LLC purchased a new position in Dollar Tree in the 3rd quarter worth approximately $34,000. VitalStone Financial LLC purchased a new position in Dollar Tree in the 1st quarter worth approximately $34,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Dollar Tree in the 4th quarter worth approximately $35,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Truist Financial cut their price target on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and reduced their price objective for the company from $150.00 to $140.00 in a research report on Wednesday, April 3rd. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. Finally, Guggenheim boosted their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.05.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CFO Jeffrey A. Davis purchased 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The stock was purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Dollar Tree news, Director Daniel J. Heinrich purchased 1,000 shares of Dollar Tree stock in a transaction dated 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 transaction, the director now directly owns 6,225 shares of the company’s stock, valued at $795,866.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jeffrey A. Davis purchased 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The shares were acquired at an average cost of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now directly owns 19,047 shares in the company, valued at $2,590,392. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Dollar Tree Price Performance

DLTR opened at $122.03 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The stock has a market capitalization of $26.60 billion, a P/E ratio of -26.41, a P/E/G ratio of 1.17 and a beta of 0.90. The company’s 50-day simple moving average is $136.07 and its two-hundred day simple moving average is $128.34. Dollar Tree, Inc. has a 52-week low of $102.77 and a 52-week high of $161.10.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. Dollar Tree’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.04 EPS. As a group, analysts predict that Dollar Tree, Inc. will post 6.91 EPS for the current year.

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.