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

Mizuho Markets Americas LLC lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 54.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 250,000 shares of the company’s stock after selling 300,000 shares during the quarter. Mizuho Markets Americas LLC owned approximately 0.12% of Dollar Tree worth $17,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DLTR. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar Tree in the second quarter worth about $26,000. Mather Group LLC. grew its position in shares of Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares in the last quarter. Eastern Bank bought a new position in shares of Dollar Tree in the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar Tree during the second quarter valued at $37,000. Finally, Blue Trust Inc. grew its position in Dollar Tree by 174.5% during the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after buying an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 2.2 %

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

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

Wall Street Analyst Weigh In

Several research firms have weighed in on DLTR. Sanford C. Bernstein began coverage on Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price target on the stock. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. The Goldman Sachs Group dropped their target price on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Telsey Advisory Group lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $95.00 to $75.00 in a report on Tuesday, November 5th. Finally, Citigroup dropped their price objective 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. 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.com, the company has an average rating of “Hold” and an average price target of $88.11.

Insiders Place Their Bets

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

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.