Daiwa Securities Group Inc. Decreases Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Daiwa Securities Group Inc. reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 28.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 29,327 shares of the company's stock after selling 11,889 shares during the period. Daiwa Securities Group Inc.'s holdings in Dollar Tree were worth $2,197,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of DLTR. Assetmark Inc. boosted its position in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after acquiring an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in shares of Dollar Tree by 20.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock valued at $68,000 after purchasing an additional 157 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Dollar Tree by 5.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock valued at $254,000 after buying an additional 180 shares in the last quarter. AM Squared Ltd lifted its position in Dollar Tree by 12.5% in the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company's stock worth $127,000 after buying an additional 200 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after buying an additional 210 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have weighed in on DLTR. Guggenheim lowered their price objective on Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, December 6th. Citigroup boosted their price target on Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Jefferies Financial Group increased their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Wells Fargo & Company decreased their target price on Dollar Tree from $100.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $75.00 price target on shares of Dollar Tree in a report on Thursday, March 6th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $84.79.

Dollar Tree Price Performance

Shares of NASDAQ DLTR traded down $0.81 during midday trading on Tuesday, reaching $64.98. The stock had a trading volume of 2,172,941 shares, compared to its average volume of 3,388,400. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of -13.62, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $137.14. The stock has a 50-day moving average of $71.77 and a 200-day moving average of $70.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

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.