Mizuho Markets Americas LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund purchased 300,000 shares of the company’s stock, valued at approximately $32,853,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of DLTR. SG Americas Securities LLC increased its stake in shares of Dollar Tree by 261.9% in the 4th quarter. SG Americas Securities LLC now owns 177,196 shares of the company’s stock worth $21,797,000 after acquiring an additional 128,230 shares in the last quarter. Wealthfront Advisers LLC raised its stake in Dollar Tree by 13.7% during the 1st quarter. Wealthfront Advisers LLC now owns 76,985 shares of the company’s stock worth $8,431,000 after acquiring an additional 9,288 shares during the period. Hanseatic Management Services Inc. bought a new position in shares of Dollar Tree in the first quarter worth about $950,000. Arrowstreet Capital Limited Partnership lifted its stake in Dollar Tree by 4.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,821,852 shares of the company’s stock worth $224,106,000 after purchasing an additional 81,695 shares in the last quarter. Finally, Capital International Inc. CA grew its holdings in shares of Dollar Tree by 1,920.0% in the fourth quarter. Capital International Inc. CA now owns 116,109 shares of the company’s stock valued at $14,283,000 after purchasing an additional 110,361 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.
Dollar Tree Price Performance
NASDAQ:DLTR opened at $117.65 on Friday. The company has a market capitalization of $22.61 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.39 and a beta of 0.65. The company has a quick ratio of 0.39, a current ratio of 1.16 and a debt-to-equity ratio of 0.84. Dollar Tree, Inc. has a 52 week low of $84.71 and a 52 week high of $142.40. The stock’s fifty day moving average is $113.45 and its two-hundred day moving average is $114.57.
Dollar Tree declared that its Board of Directors has initiated a share repurchase program on Thursday, July 2nd that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
DLTR has been the topic of several recent research reports. Gordon Haskett upgraded Dollar Tree from a “reduce” rating to a “hold” rating and set a $115.00 price target on the stock in a report on Thursday, June 4th. Weiss Ratings raised Dollar Tree from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Wall Street Zen raised Dollar Tree from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Raymond James Financial raised Dollar Tree from a “market perform” rating to an “outperform” rating and set a $140.00 target price on the stock in a report on Wednesday, July 8th. Finally, Benchmark began coverage on shares of Dollar Tree in a research report on Wednesday, July 8th. They issued a “hold” rating for the company. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $122.68.
View Our Latest Report on Dollar Tree
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.
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