Resona Asset Management Co. Ltd. Takes $4.31 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Resona Asset Management Co. Ltd. purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,389 shares of the company's stock, valued at approximately $4,309,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pzena Investment Management LLC bought a new position in Dollar Tree during the 4th quarter worth approximately $520,000. Empower Advisory Group LLC increased its holdings in Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after purchasing an additional 100,676 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new position in Dollar Tree in the fourth quarter valued at approximately $448,000. Intrepid Capital Management Inc. grew its position in shares of Dollar Tree by 103.6% during the 4th quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after buying an additional 13,751 shares during the period. Finally, Entropy Technologies LP bought a new stake in Dollar Tree in the fourth quarter valued at $2,173,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Trading Up 3.2 %

NASDAQ DLTR traded up $2.33 during trading on Monday, hitting $74.44. The company had a trading volume of 742,148 shares, compared to its average volume of 3,868,157. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $128.00. The company's fifty day moving average is $70.86 and its 200-day moving average is $70.29. The company has a market cap of $16.01 billion, a price-to-earnings ratio of -15.61, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

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Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter in the previous year, the business earned $2.55 EPS. The company's revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on DLTR. Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $76.00 to $103.00 in a report on Monday, April 7th. Bank of America cut their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday, April 8th. Truist Financial set a $84.00 target price on shares of Dollar Tree in a research report on Thursday, March 27th. JPMorgan Chase & Co. cut their price objective on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, Telsey Advisory Group boosted their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Dollar Tree presently has a consensus rating of "Hold" and an average price target of $81.84.

Dollar Tree Company 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.