Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 17.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 23,105 shares of the company’s stock after buying an additional 3,439 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Dollar Tree were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Dollar Tree by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock valued at $1,757,360,000 after purchasing an additional 163,368 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Dollar Tree by 5.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company’s stock worth $743,461,000 after acquiring an additional 533,920 shares in the last quarter. Capital International Investors raised its position in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after purchasing an additional 2,023,819 shares during the last quarter. EdgePoint Investment Group Inc. raised its position in shares of Dollar Tree by 14.4% during the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company’s stock worth $595,036,000 after purchasing an additional 1,000,637 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Dollar Tree by 382.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock worth $488,974,000 after purchasing an additional 5,173,238 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CMO Richard L. Mcneely sold 21,026 shares of the business’s stock in a transaction dated 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 sale, the chief marketing officer owned 50,419 shares of the company’s stock, valued at approximately $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the company’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the sale, the chief accounting officer directly owned 4,231 shares in the company, valued at $316,055.70. This trade represents a 22.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,439 shares of company stock worth $2,099,028. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DLTR. Truist Financial increased their price objective on shares of Dollar Tree from $89.00 to $100.00 and gave the company a “buy” rating in a report on Monday, June 2nd. The Goldman Sachs Group cut shares of Dollar Tree from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, June 5th. Loop Capital reaffirmed a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. UBS Group raised their price target on shares of Dollar Tree from $95.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Finally, Sanford C. Bernstein set a $82.00 price target on shares of Dollar Tree and gave the company a “market perform” rating in a research report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree presently has an average rating of “Hold” and a consensus target price of $90.37.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $101.76 on Friday. The company’s fifty day moving average price is $91.45 and its 200 day moving average price is $78.97. 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 firm has a market capitalization of $21.24 billion, a P/E ratio of -7.34, a P/E/G ratio of 2.21 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.52 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. Dollar Tree’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 earnings per share. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal 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.