Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 308,755 shares of the company’s stock after purchasing an additional 2,840 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Dollar Tree were worth $22,650,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Madison Investment Advisors LLC acquired a new stake in Dollar Tree during the fourth quarter worth about $113,315,000. Primecap Management Co. CA raised its position in shares of Dollar Tree by 31.3% during the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock worth $298,143,000 after purchasing an additional 947,580 shares during the period. State Street Corp lifted its holdings in shares of Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after purchasing an additional 596,191 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in Dollar Tree by 45.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock valued at $95,994,000 after purchasing an additional 425,245 shares during the period. Finally, Natixis Advisors LLC grew its stake in Dollar Tree by 111.0% during the 4th quarter. Natixis Advisors LLC now owns 650,493 shares of the company’s stock worth $48,748,000 after buying an additional 342,196 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Trading Down 5.5 %

Dollar Tree stock opened at $72.75 on Monday. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $137.14. 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 firm has a market capitalization of $15.65 billion, a price-to-earnings ratio of -15.25, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a 50 day moving average price of $71.17 and a 200 day moving average price of $70.27.

Dollar Tree (NASDAQ:DLTR) last issued its 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 business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $2.55 EPS. Research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DLTR. JPMorgan Chase & Co. cut their target price on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. UBS Group cut their price target on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Finally, Telsey Advisory Group increased their price objective on Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $83.42.

About Dollar Tree

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.