Daiwa Securities Group Inc. Sells 11,889 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Daiwa Securities Group Inc. cut its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 28.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Equity Investment Corp increased its position in shares of Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after acquiring an additional 746,913 shares in the last quarter. Forest Avenue Capital Management LP bought a new stake in shares of Dollar Tree during the third quarter worth about $19,591,000. Anthracite Investment Company Inc. bought a new stake in shares of Dollar Tree during the third quarter worth about $2,813,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Dollar Tree during the third quarter worth about $5,235,000. Finally, Citigroup Inc. increased its position in shares of Dollar Tree by 30.3% during the third quarter. Citigroup Inc. now owns 449,763 shares of the company’s stock worth $31,627,000 after acquiring an additional 104,684 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $64.56 on Friday. The stock has a market capitalization of $13.88 billion, a P/E ratio of -13.53, a PEG ratio of 2.16 and a beta of 0.91. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $71.99 and its 200 day moving average is $70.97. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $137.14.

Analysts Set New Price Targets

Several research analysts recently weighed in on DLTR shares. Piper Sandler restated a “neutral” rating and set a $72.00 price target (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. BMO Capital Markets boosted their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Telsey Advisory Group restated a “market perform” rating and set a $75.00 price target on shares of Dollar Tree in a report on Thursday, March 6th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Citigroup boosted their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $84.79.

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.