Mirae Asset Global Investments Co. Ltd. Raises Position in Dollar Tree, Inc. $DLTR

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,415 shares of the company’s stock after acquiring an additional 6,439 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Dollar Tree were worth $4,110,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Dollar Tree in the 3rd quarter valued at approximately $29,000. YANKCOM Partnership acquired a new position in Dollar Tree during the 4th quarter worth approximately $31,000. FNY Investment Advisers LLC purchased a new position in shares of Dollar Tree during the 3rd quarter worth approximately $37,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Dollar Tree during the 4th quarter worth approximately $39,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Dollar Tree by 90.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock valued at $40,000 after buying an additional 201 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DLTR shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $126.00 price objective on shares of Dollar Tree in a report on Thursday, January 8th. Barclays reiterated an “overweight” rating on shares of Dollar Tree in a research report on Monday, March 16th. Truist Financial decreased their target price on shares of Dollar Tree from $156.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Morgan Stanley lowered their price target on shares of Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 17th. Finally, BMO Capital Markets reiterated an “underperform” rating on shares of Dollar Tree in a report on Tuesday, March 17th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $122.76.

Dollar Tree Stock Performance

DLTR opened at $103.83 on Wednesday. Dollar Tree, Inc. has a 1-year low of $78.70 and a 1-year high of $142.40. The stock has a market cap of $20.49 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.34 and a beta of 0.74. The stock’s 50 day simple moving average is $113.95 and its 200 day simple moving average is $114.30. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.03. The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.Dollar Tree’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.11 earnings per share. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 6.75 EPS for the current fiscal year.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.