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

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 61.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,666 shares of the company’s stock after selling 30,867 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Dollar Tree were worth $1,494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alan B Lancz & Associates Inc. lifted its position in shares of Dollar Tree by 6.6% during the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock valued at $229,000 after acquiring an additional 200 shares during the last quarter. AM Squared Ltd lifted its holdings in shares of Dollar Tree by 12.5% during the third quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock valued at $127,000 after purchasing an additional 200 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares during the period. First Horizon Advisors Inc. increased its stake in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Finally, KBC Group NV raised its holdings in Dollar Tree by 1.1% during the 4th quarter. KBC Group NV now owns 28,312 shares of the company’s stock worth $2,122,000 after buying an additional 313 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DLTR. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Loop Capital lifted their price target on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Piper Sandler reissued a “neutral” rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average target price of $85.58.

Dollar Tree Stock Performance

DLTR opened at $73.86 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a market cap of $15.88 billion, a PE ratio of -15.48, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. The stock has a 50-day moving average of $72.86 and a 200-day moving average of $75.40. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. 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 business earned $0.97 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

About Dollar Tree

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.