Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 3.0% in the 2nd quarter, Holdings Channel reports. The firm owned 181,834 shares of the company’s stock after selling 5,557 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Dollar Tree were worth $26,093,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. ICA Group Wealth Management LLC acquired a new stake in shares of Dollar Tree in the 4th quarter worth $27,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of Dollar Tree during the second quarter valued at about $28,000. VitalStone Financial LLC acquired a new stake in Dollar Tree in the 1st quarter worth approximately $34,000. Alpha Paradigm Partners LLC acquired a new position in Dollar Tree during the 3rd quarter valued at approximately $35,000. Finally, Fred Alger Management LLC purchased a new stake in shares of Dollar Tree during the third quarter valued at $37,000. 97.40% of the stock is owned by hedge funds and other institutional investors.
Dollar Tree Price Performance
Shares of NASDAQ DLTR opened at $115.60 on Tuesday. The firm has a 50-day simple moving average of $110.39 and a 200-day simple moving average of $131.19. The company has a quick ratio of 0.20, a current ratio of 1.48 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $25.43 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 7.26 and a beta of 0.79. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $166.15.
Analysts Set New Price Targets
A number of equities research analysts recently commented on DLTR shares. Barclays dropped their target price on Dollar Tree from $138.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Friday, August 25th. BNP Paribas began coverage on shares of Dollar Tree in a research report on Tuesday, October 10th. They set an “outperform” rating and a $139.00 target price for the company. Bank of America cut their price target on Dollar Tree from $112.00 to $105.00 in a research report on Monday, October 2nd. TheStreet downgraded Dollar Tree from a “b” rating to a “c+” rating in a research note on Friday, August 25th. Finally, Piper Sandler dropped their target price on Dollar Tree from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $149.22.
Insider Transactions at Dollar Tree
In other Dollar Tree news, Director Daniel J. Heinrich acquired 1,650 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were purchased at an average cost of $105.24 per share, for a total transaction of $173,646.00. Following the completion of the acquisition, the director now owns 1,650 shares of the company’s stock, valued at approximately $173,646. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Robert Aflatooni sold 1,259 shares of the business’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $107.03, for a total value of $134,750.77. Following the sale, the insider now directly owns 7,157 shares in the company, valued at approximately $766,013.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel J. Heinrich bought 1,650 shares of the stock in a transaction on Friday, September 22nd. The shares were bought at an average cost of $105.24 per share, with a total value of $173,646.00. Following the purchase, the director now owns 1,650 shares of the company’s stock, valued at $173,646. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail 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.
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