Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,027 shares of the company’s stock after purchasing an additional 441 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Dollar Tree were worth $1,408,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar Tree in the second quarter worth $26,000. Register Financial Advisors LLC purchased a new stake in shares of Dollar Tree in the first quarter worth $28,000. Mather Group LLC. grew its stake in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Dollar Tree in the second quarter worth $37,000. Finally, Blue Trust Inc. grew its stake in shares of Dollar Tree by 174.5% in the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after acquiring an additional 274 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DLTR shares. BMO Capital Markets cut Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. Redburn Atlantic raised Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Morgan Stanley dropped their price objective on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. StockNews.com cut Dollar Tree from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Finally, The Goldman Sachs Group dropped their price objective on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.53.

Dollar Tree Stock Down 0.5 %

NASDAQ DLTR opened at $66.94 on Wednesday. The stock’s 50-day moving average price is $76.73 and its 200-day moving average price is $99.45. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a 52 week low of $60.81 and a 52 week high of $151.21. The company has a market capitalization of $14.39 billion, a P/E ratio of -14.58, a price-to-earnings-growth ratio of 2.95 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the purchase, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.80% of the stock is owned by corporate insiders.

Dollar Tree Company 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.