Dollar Tree, Inc. $DLTR Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 23.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,415 shares of the company’s stock after purchasing an additional 6,439 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Dollar Tree were worth $4,110,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DLTR. SG Americas Securities LLC lifted its stake in Dollar Tree by 261.9% in the 4th quarter. SG Americas Securities LLC now owns 177,196 shares of the company’s stock valued at $21,797,000 after buying an additional 128,230 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Dollar Tree by 54.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 670,753 shares of the company’s stock worth $82,509,000 after buying an additional 235,626 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Dollar Tree by 4.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 541,021 shares of the company’s stock worth $51,056,000 after buying an additional 20,786 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Dollar Tree by 2.2% in the third quarter. Federated Hermes Inc. now owns 751,744 shares of the company’s stock worth $70,942,000 after acquiring an additional 15,829 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Dollar Tree by 11.9% in the third quarter. Pacer Advisors Inc. now owns 1,346,247 shares of the company’s stock worth $127,045,000 after acquiring an additional 143,295 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen lowered Dollar Tree from a “buy” rating to a “hold” rating in a research note on Sunday. Morgan Stanley cut their target price on shares of Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 17th. BTIG Research restated a “neutral” rating on shares of Dollar Tree in a report on Monday, March 9th. Sanford C. Bernstein raised their price target on shares of Dollar Tree from $123.00 to $124.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 17th. Finally, Evercore set a $150.00 price target on shares of Dollar Tree in a report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $122.76.

Dollar Tree Price Performance

DLTR stock opened at $103.83 on Wednesday. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.34 and a beta of 0.74. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. Dollar Tree, Inc. has a 52-week low of $78.70 and a 52-week high of $142.40. The stock’s fifty day simple moving average is $113.95 and its 200-day simple moving average is $114.30.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period in the prior year, the firm posted $2.11 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts expect that Dollar Tree, Inc. will post 6.75 EPS for the current year.

About Dollar Tree

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.