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

Mirae Asset Global Investments Co. Ltd. cut its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,185 shares of the company’s stock after selling 7,365 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.10% of Dollar Tree worth $29,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of DLTR. DAVENPORT & Co LLC boosted its holdings in Dollar Tree by 155.2% in the fourth quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock valued at $4,443,000 after purchasing an additional 19,019 shares during the period. Premier Path Wealth Partners LLC purchased a new stake in Dollar Tree during the 4th quarter worth about $211,000. Envestnet Asset Management Inc. lifted its holdings in Dollar Tree by 79.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 338,661 shares of the company’s stock worth $36,050,000 after buying an additional 149,605 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its holdings in Dollar Tree by 69.2% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 93,155 shares of the company’s stock worth $9,916,000 after buying an additional 38,110 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its holdings in Dollar Tree by 33.9% during the 3rd quarter. Rafferty Asset Management LLC now owns 94,539 shares of the company’s stock worth $10,064,000 after buying an additional 23,940 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DLTR. Evercore ISI lifted their price target on Dollar Tree from $144.00 to $145.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. BMO Capital Markets reduced their target price on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, March 14th. TheStreet downgraded Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Gordon Haskett downgraded Dollar Tree from a “buy” rating to a “hold” rating and reduced their target price for the company from $150.00 to $140.00 in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Dollar Tree from $165.00 to $144.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Moderate Buy” and an average price target of $149.80.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $128.22 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $138.12 and its two-hundred day moving average is $127.40. Dollar Tree, Inc. has a 12-month low of $102.77 and a 12-month high of $161.10. The stock has a market capitalization of $27.95 billion, a price-to-earnings ratio of -27.75, a PEG ratio of 1.23 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last released 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). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the previous year, the firm posted $2.04 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts expect that Dollar Tree, Inc. will post 6.91 EPS for the current year.

Insiders Place Their Bets

In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,800 shares of the company’s stock in a transaction on Monday, April 1st. The shares were bought at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the transaction, the chief financial officer now owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Jeffrey A. Davis purchased 1,800 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were acquired at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the acquisition, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel J. Heinrich purchased 1,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the acquisition, the director now owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by insiders.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail 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.