Nomura Asset Management Co. Ltd. Raises Position in Dollar Tree, Inc. (DLTR)
Nomura Asset Management Co. Ltd. increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,044 shares of the company’s stock after acquiring an additional 1,658 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Dollar Tree were worth $3,429,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in Dollar Tree by 4.3% during the third quarter. Nisa Investment Advisors LLC now owns 67,945 shares of the company’s stock valued at $5,541,000 after purchasing an additional 2,800 shares during the last quarter. Intrepid Capital Management Inc. bought a new position in Dollar Tree during the second quarter valued at $327,000. Renaissance Technologies LLC bought a new position in Dollar Tree during the second quarter valued at $51,247,000. Horrell Capital Management Inc. lifted its position in Dollar Tree by 4.1% during the second quarter. Horrell Capital Management Inc. now owns 30,610 shares of the company’s stock valued at $2,602,000 after purchasing an additional 1,205 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Dollar Tree by 47.7% during the second quarter. Arizona State Retirement System now owns 122,261 shares of the company’s stock valued at $10,392,000 after purchasing an additional 39,486 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.
DLTR stock opened at $84.03 on Tuesday. The stock has a market capitalization of $20.03 billion, a P/E ratio of 16.07, a P/E/G ratio of 1.08 and a beta of 0.62. Dollar Tree, Inc. has a 12 month low of $78.78 and a 12 month high of $116.65. The company has a current ratio of 2.24, a quick ratio of 0.52 and a debt-to-equity ratio of 0.66.
Several research firms have commented on DLTR. Zacks Investment Research upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research report on Tuesday, August 14th. OTR Global lowered shares of Dollar Tree to a “positive” rating in a research report on Wednesday, August 22nd. BidaskClub lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. Atlantic Securities upgraded shares of Dollar Tree from a “neutral” rating to an “overweight” rating and set a $110.00 target price for the company in a report on Monday, August 13th. Finally, KeyCorp raised their target price on shares of Dollar Tree from $108.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $101.28.
In related news, Director Lemuel E. Lewis purchased 1,210 shares of Dollar Tree stock in a transaction that occurred on Thursday, September 27th. The shares were bought at an average price of $82.75 per share, with a total value of $100,127.50. Following the purchase, the director now directly owns 20,114 shares of the company’s stock, valued at approximately $1,664,433.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.
Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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