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

Mizuho Markets Americas LLC reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 54.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,000 shares of the company’s stock after selling 300,000 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Dollar Tree were worth $17,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in DLTR. Primecap Management Co. CA lifted its stake in shares of Dollar Tree by 50.0% in the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after purchasing an additional 957,275 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Dollar Tree by 14.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock worth $377,804,000 after acquiring an additional 348,442 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Dollar Tree by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after purchasing an additional 138,042 shares in the last quarter. American Century Companies Inc. raised its position in shares of Dollar Tree by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after buying an additional 124,021 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of Dollar Tree by 0.7% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company’s stock valued at $246,526,000 after purchasing an additional 12,845 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich bought 2,200 shares of Dollar Tree stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several analyst reports. Citigroup lowered their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Guggenheim reduced their price target on Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Barclays lowered their target price on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Finally, Sanford C. Bernstein assumed coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective for the company. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.11.

Dollar Tree Trading Down 2.2 %

DLTR stock opened at $64.20 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The company’s 50-day simple moving average is $67.95 and its 200-day simple moving average is $92.36. The firm has a market cap of $13.80 billion, a P/E ratio of -13.16, a PEG ratio of 2.75 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 4th. The company reported $0.67 EPS 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 company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the prior year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.34 EPS for the current fiscal year.

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.