Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,318 shares of the company’s stock after buying an additional 925 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Dollar Tree were worth $2,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DLTR. Karlinski Andrew C acquired a new stake in Dollar Tree in the first quarter valued at about $32,000. Providence Capital Advisors LLC lifted its position in Dollar Tree by 95.2% in the first quarter. Providence Capital Advisors LLC now owns 203 shares of the company’s stock valued at $33,000 after purchasing an additional 99 shares during the period. Exchange Traded Concepts LLC lifted its position in Dollar Tree by 372.9% in the first quarter. Exchange Traded Concepts LLC now owns 227 shares of the company’s stock valued at $36,000 after purchasing an additional 179 shares during the period. Core Alternative Capital acquired a new stake in Dollar Tree in the first quarter valued at about $40,000. Finally, Covestor Ltd lifted its position in Dollar Tree by 75.5% in the first quarter. Covestor Ltd now owns 402 shares of the company’s stock valued at $64,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Piper Sandler reduced their price target on shares of Dollar Tree from $191.00 to $167.00 and set an “overweight” rating for the company in a research report on Friday, August 26th. Guggenheim lifted their price target on shares of Dollar Tree to $185.00 in a research report on Friday, May 27th. TheStreet downgraded shares of Dollar Tree from a “b” rating to a “c+” rating in a research report on Tuesday, September 13th. Finally, Telsey Advisory Group reduced their price target on shares of Dollar Tree from $185.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.47.

Dollar Tree Stock Down 1.8 %

DLTR stock opened at $139.33 on Friday. The stock has a market capitalization of $31.20 billion, a P/E ratio of 20.08, a PEG ratio of 1.24 and a beta of 0.74. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.22 and a current ratio of 1.46. Dollar Tree, Inc. has a one year low of $84.26 and a one year high of $177.19. The company has a 50 day moving average price of $155.62 and a two-hundred day moving average price of $157.42.

Dollar Tree (NASDAQ:DLTRGet Rating) last released its earnings results on Thursday, August 25th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.59 by $0.01. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.80 billion. Dollar Tree had a net margin of 5.77% and a return on equity of 19.83%. Dollar Tree’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 EPS. As a group, sell-side analysts expect that Dollar Tree, Inc. will post 7.27 EPS for the current year.

Dollar Tree Company Profile

(Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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