Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 308,755 shares of the company’s stock after buying an additional 2,840 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.14% of Dollar Tree worth $22,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Townsquare Capital LLC boosted its position in shares of Dollar Tree by 5.6% in the third quarter. Townsquare Capital LLC now owns 17,433 shares of the company’s stock worth $1,226,000 after acquiring an additional 931 shares during the last quarter. ARGA Investment Management LP raised its position in shares of Dollar Tree by 113.6% in the 3rd quarter. ARGA Investment Management LP now owns 25,064 shares of the company’s stock worth $1,762,000 after buying an additional 13,332 shares during the period. Arizona PSPRS Trust acquired a new position in Dollar Tree in the third quarter valued at $1,210,000. Clearline Capital LP purchased a new stake in Dollar Tree during the third quarter valued at about $1,048,000. Finally, Cinctive Capital Management LP purchased a new stake in Dollar Tree during the third quarter valued at about $7,371,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DLTR shares. Piper Sandler restated a “neutral” rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Jefferies Financial Group raised their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Citigroup boosted their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Evercore ISI increased their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.42.

Dollar Tree Price Performance

DLTR stock opened at $72.75 on Monday. The stock’s 50 day moving average is $71.17 and its two-hundred day moving average is $70.27. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $137.14. The company has a market capitalization of $15.65 billion, a PE ratio of -15.25, a P/E/G 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.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the firm posted $2.55 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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.