Norinchukin Bank The Lowers Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Norinchukin Bank The decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 22.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,137 shares of the company’s stock after selling 2,109 shares during the quarter. Norinchukin Bank The’s holdings in Dollar Tree were worth $535,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Dollar Tree by 131.1% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,723 shares of the company’s stock valued at $729,000 after buying an additional 5,515 shares during the period. Claret Asset Management Corp grew its position in Dollar Tree by 1,143.9% in the 4th quarter. Claret Asset Management Corp now owns 38,836 shares of the company’s stock valued at $2,910,000 after acquiring an additional 35,714 shares in the last quarter. Forum Financial Management LP purchased a new stake in Dollar Tree during the fourth quarter worth about $340,000. GeoWealth Management LLC acquired a new stake in shares of Dollar Tree during the fourth quarter worth about $61,000. Finally, Capital International Investors boosted its stake in shares of Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock valued at $656,000,000 after purchasing an additional 2,023,819 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director William W. Douglas III purchased 701 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares of the company’s stock, valued at approximately $103,275. The trade was a 103.70 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at approximately $316,055.70. This represents a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $82.16 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $123.17. The firm has a market capitalization of $17.67 billion, a P/E ratio of -17.22, a P/E/G ratio of 2.16 and a beta of 0.87. The company’s fifty day moving average price is $71.41 and its 200 day moving average price is $70.61.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DLTR shares. Telsey Advisory Group upped their target price on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research note on Thursday, March 27th. UBS Group cut their price objective on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Bank of America decreased their target price on Dollar Tree from $75.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday, April 8th. Evercore ISI upped their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a report on Thursday, March 27th. Finally, Citigroup raised Dollar Tree from a “neutral” rating to a “buy” rating and increased their price target for the company from $76.00 to $103.00 in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $81.84.

Dollar Tree Company 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.