Meiji Yasuda Asset Management Co Ltd. Grows Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Meiji Yasuda Asset Management Co Ltd. boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 15.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,357 shares of the company’s stock after purchasing an additional 439 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dollar Tree were worth $358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLTR. ICA Group Wealth Management LLC bought a new stake in shares of Dollar Tree during the 4th quarter worth $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar Tree during the 2nd quarter worth approximately $26,000. United Community Bank bought a new stake in shares of Dollar Tree in the 4th quarter worth approximately $27,000. Register Financial Advisors LLC purchased a new position in Dollar Tree in the first quarter valued at approximately $28,000. Finally, Mather Group LLC. grew its holdings in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DLTR. KeyCorp dropped their price target on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. UBS Group cut their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Telsey Advisory Group lowered their price target on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company dropped their price target on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, StockNews.com cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $92.53.

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the transaction, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel J. Heinrich purchased 2,200 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares in the company, valued at $670,616.21. The disclosure for this purchase can be found here. 6.80% of the stock is owned by insiders.

Dollar Tree Stock Down 2.9 %

Shares of NASDAQ DLTR opened at $71.73 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a 12 month low of $60.81 and a 12 month high of $151.21. The firm has a market capitalization of $15.42 billion, a price-to-earnings ratio of -15.63, a PEG ratio of 2.82 and a beta of 0.87. The business has a 50-day moving average of $90.72 and a 200-day moving average of $109.60.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts expect that Dollar Tree, Inc. will post 5.33 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.