Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Position in Dollar Tree, Inc. $DLTR

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 7.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 410,634 shares of the company’s stock after purchasing an additional 27,775 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Dollar Tree were worth $52,438,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Dollar Tree in the 3rd quarter valued at $29,000. YANKCOM Partnership purchased a new position in shares of Dollar Tree in the 4th quarter valued at $31,000. FNY Investment Advisers LLC acquired a new stake in Dollar Tree during the 3rd quarter valued at $37,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar Tree during the 4th quarter valued at $39,000. Finally, Smartleaf Asset Management LLC grew its holdings in Dollar Tree by 90.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock valued at $40,000 after purchasing an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of Dollar Tree from $123.00 to $124.00 and gave the company a “market perform” rating in a report on Tuesday, March 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dollar Tree in a report on Tuesday, March 17th. Weiss Ratings raised shares of Dollar Tree from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Jefferies Financial Group raised their price target on shares of Dollar Tree from $75.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, March 17th. Finally, Citigroup lowered their price target on shares of Dollar Tree from $132.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $122.76.

Dollar Tree Price Performance

Shares of DLTR stock opened at $94.24 on Friday. The firm has a market cap of $18.35 billion, a P/E ratio of 15.08, a P/E/G ratio of 1.21 and a beta of 0.61. 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, Inc. has a 1-year low of $84.71 and a 1-year high of $142.40. The firm has a fifty day moving average of $107.70 and a two-hundred day moving average of $114.81.

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

About Dollar Tree

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.