Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 42.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,976 shares of the company’s stock after selling 18,838 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Dollar Tree were worth $1,974,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DLTR. Principal Financial Group Inc. raised its stake in Dollar Tree by 0.6% during the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company’s stock worth $16,346,000 after acquiring an additional 1,485 shares during the period. Avanza Fonder AB acquired a new stake in Dollar Tree during the fourth quarter worth about $1,563,000. Chemistry Wealth Management LLC raised its stake in Dollar Tree by 17.7% during the fourth quarter. Chemistry Wealth Management LLC now owns 7,366 shares of the company’s stock worth $552,000 after acquiring an additional 1,106 shares during the period. Kera Capital Partners Inc. acquired a new stake in Dollar Tree during the fourth quarter worth about $227,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Activity at Dollar Tree

In related news, 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 completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William W. Douglas III bought 701 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the transaction, the director now owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.60% of the stock is owned by insiders.

Dollar Tree Trading Down 0.1%

Shares of NASDAQ:DLTR opened at $86.51 on Friday. The stock has a market capitalization of $18.61 billion, a price-to-earnings ratio of -18.14, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $121.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a 50 day moving average price of $75.76 and a 200 day moving average price of $72.67.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS 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 was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $2.55 EPS. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several recent analyst reports. Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the stock a “market perform” rating in a research report on Monday, May 5th. Citigroup upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and upped their target price for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. 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 report on Thursday, March 27th. Guggenheim restated a “buy” rating and issued a $100.00 target price (up previously from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. Finally, UBS Group decreased their target price on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and a consensus target price of $82.68.

Dollar Tree 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.