Mizuho Markets Americas LLC Sells 300,000 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Mizuho Markets Americas LLC trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 54.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 250,000 shares of the company's stock after selling 300,000 shares during the quarter. Mizuho Markets Americas LLC owned 0.12% of Dollar Tree worth $17,580,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DLTR. Mount Yale Investment Advisors LLC boosted its holdings in shares of Dollar Tree by 4.9% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company's stock worth $264,000 after acquiring an additional 93 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Dollar Tree by 29.3% in the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company's stock worth $65,000 after acquiring an additional 110 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Dollar Tree by 2.1% in the second quarter. Valeo Financial Advisors LLC now owns 5,650 shares of the company's stock worth $603,000 after acquiring an additional 116 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of Dollar Tree by 2.5% in the second quarter. Raymond James Trust N.A. now owns 4,996 shares of the company's stock worth $533,000 after acquiring an additional 124 shares during the period. Finally, Burney Co. boosted its holdings in shares of Dollar Tree by 1.4% in the first quarter. Burney Co. now owns 9,598 shares of the company's stock worth $1,278,000 after acquiring an additional 131 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 2.2 %

NASDAQ:DLTR traded down $1.47 during mid-day trading on Friday, reaching $64.20. 19,886,323 shares of the company's stock traded hands, compared to its average volume of 3,392,833. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The firm has a market capitalization of $13.80 billion, a price-to-earnings ratio of -13.16, a PEG ratio of 2.75 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The company has a 50 day moving average price of $67.95 and a 200-day moving average price of $92.36.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.37 billion for the quarter, compared to analysts' expectations of $7.49 billion. During the same quarter last year, the company posted $0.91 EPS. The firm's revenue was up .7% on a year-over-year basis. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.34 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the company's stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now directly owns 9,823 shares in the company, valued at $670,616.21. This trade represents a 28.86 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DLTR shares. StockNews.com raised Dollar Tree from a "sell" rating to a "hold" rating in a research note on Tuesday. The Goldman Sachs Group dropped their price objective on Dollar Tree from $145.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, September 10th. BMO Capital Markets lowered Dollar Tree from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $130.00 to $68.00 in a research note on Thursday, September 5th. JPMorgan Chase & Co. lifted their price objective on Dollar Tree from $70.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Finally, Truist Financial dropped their price target on Dollar Tree from $140.00 to $79.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Dollar Tree presently has an average rating of "Hold" and an average target price of $88.11.

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.