Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 46.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,154 shares of the company’s stock after purchasing an additional 6,052 shares during the quarter. Mizuho Securities USA LLC’s holdings in Dollar Tree were worth $1,435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Forest Avenue Capital Management LP purchased a new stake in Dollar Tree during the 3rd quarter worth about $19,591,000. Pzena Investment Management LLC purchased a new stake in Dollar Tree during the fourth quarter worth approximately $520,000. Citigroup Inc. boosted its holdings in Dollar Tree by 30.3% in the third quarter. Citigroup Inc. now owns 449,763 shares of the company’s stock valued at $31,627,000 after purchasing an additional 104,684 shares in the last quarter. Empower Advisory Group LLC raised its holdings in Dollar Tree by 15.3% during the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock worth $56,986,000 after purchasing an additional 100,676 shares in the last quarter. Finally, Strategic Wealth Investment Group LLC acquired a new stake in Dollar Tree during the fourth quarter worth approximately $448,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $67.14 on Wednesday. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $137.14. The company has a 50-day moving average price of $71.06 and a 200 day moving average price of $70.13. The company has a market cap of $14.43 billion, a P/E ratio of -14.08, a PEG ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DLTR shares. Guggenheim dropped their target price on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. UBS Group dropped their price objective on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Piper Sandler reissued a “neutral” rating and issued a $72.00 target price (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Truist Financial decreased their target price on Dollar Tree from $83.00 to $76.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Evercore ISI cut their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and an average target price of $83.89.

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.