Mizuho Securities USA LLC Increases Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Mizuho Securities USA LLC increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 46.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,154 shares of the company’s stock after acquiring an additional 6,052 shares during the period. Mizuho Securities USA LLC’s holdings in Dollar Tree were worth $1,435,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its stake in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after acquiring an additional 149 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Dollar Tree in the fourth quarter valued at $30,000. Parkside Financial Bank & Trust raised its stake in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on DLTR shares. Citigroup lifted their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. UBS Group reduced their price objective on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Piper Sandler reiterated a “neutral” rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Evercore ISI reduced their target price on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Finally, StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $83.89.

Dollar Tree Price Performance

DLTR opened at $67.14 on Wednesday. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $137.14. The company has a 50 day moving average of $71.06 and a two-hundred day moving average of $70.13. The company has a market cap of $14.43 billion, a P/E ratio of -14.08, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

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.