Sumitomo Mitsui DS Asset Management Company Ltd Has $2.73 Million Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,237 shares of the company’s stock after buying an additional 276 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Dollar Tree were worth $2,733,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Dollar Tree during the 4th quarter worth about $15,638,000. DAVENPORT & Co LLC lifted its position in Dollar Tree by 155.2% during the 4th quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock worth $4,443,000 after buying an additional 19,019 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Dollar Tree during the 4th quarter worth about $4,247,000. Sequoia Financial Advisors LLC lifted its position in Dollar Tree by 97.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,869 shares of the company’s stock worth $834,000 after buying an additional 2,893 shares in the last quarter. Finally, Premier Path Wealth Partners LLC acquired a new position in Dollar Tree during the 4th quarter worth about $211,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Oppenheimer reissued a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. Jefferies Financial Group dropped their price objective on Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. TheStreet cut Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Evercore ISI dropped their price objective on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their price target on Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.05.

Dollar Tree Price Performance

Shares of DLTR opened at $122.56 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The stock has a 50 day simple moving average of $135.30 and a 200 day simple moving average of $128.91. Dollar Tree, Inc. has a 52-week low of $102.77 and a 52-week high of $161.10. The firm has a market capitalization of $26.72 billion, a PE ratio of -26.53, a P/E/G ratio of 1.15 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same quarter in the prior year, the firm posted $2.04 earnings per share. Dollar Tree’s revenue for the quarter was up 11.9% compared to the same quarter last year. Sell-side analysts predict that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jeffrey A. Davis purchased 1,800 shares of Dollar Tree stock in a transaction on Monday, April 1st. The stock was purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Jeffrey A. Davis purchased 1,800 shares of Dollar Tree stock in a transaction on Monday, April 1st. The stock was purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel J. Heinrich purchased 1,000 shares of Dollar Tree stock in a transaction on Monday, March 18th. The shares were purchased at an average cost of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Dollar Tree 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.