Sumitomo Mitsui DS Asset Management Company Ltd Buys 474 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,501 shares of the company’s stock after purchasing an additional 474 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Dollar Tree were worth $1,536,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in Dollar Tree during the 4th quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB increased its position in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares during the last quarter. Eastern Bank bought a new stake in Dollar Tree in the third quarter worth $34,000. First Horizon Advisors Inc. raised its stake in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after buying an additional 554 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

DLTR stock opened at $73.86 on Tuesday. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21. The business has a 50-day moving average price of $72.86 and a 200 day moving average price of $75.40. The company has a market capitalization of $15.88 billion, a P/E ratio of -15.48, a PEG ratio of 2.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analysts Set New Price Targets

DLTR has been the subject of a number of analyst reports. Evercore ISI lowered their price target on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Loop Capital raised their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Telsey Advisory Group reissued a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a research report on Friday, December 20th. JPMorgan Chase & Co. raised their price target on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Guggenheim cut their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $85.58.

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.