New York State Common Retirement Fund decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,364 shares of the company's stock after selling 21,717 shares during the period. New York State Common Retirement Fund owned about 0.08% of Dollar Tree worth $23,490,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Dollar Tree during the third quarter worth $26,000. Operose Advisors LLC bought a new stake in Dollar Tree during the third quarter worth $34,000. Turtle Creek Wealth Advisors LLC bought a new stake in Dollar Tree during the fourth quarter worth $35,000. City State Bank raised its stake in shares of Dollar Tree by 200.0% in the fourth quarter. City State Bank now owns 300 shares of the company's stock valued at $43,000 after buying an additional 200 shares during the period. Finally, Mendota Financial Group LLC bought a new stake in shares of Dollar Tree in the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 97.40% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on DLTR shares. Truist Financial lowered their target price on Dollar Tree from $149.00 to $147.00 and set a "buy" rating on the stock in a research note on Thursday, March 14th. Jefferies Financial Group lowered their target price on Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. TheStreet lowered Dollar Tree from a "b-" rating to a "c" rating in a research note on Wednesday, March 13th. Guggenheim boosted their target price on Dollar Tree from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Finally, Gordon Haskett lowered Dollar Tree from a "buy" rating to a "hold" rating and lowered their target price for the company from $150.00 to $140.00 in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.05.
Check Out Our Latest Research Report on Dollar Tree
Dollar Tree Price Performance
Dollar Tree stock traded up $0.05 during midday trading on Friday, hitting $121.74. 1,349,933 shares of the company's stock were exchanged, compared to its average volume of 2,421,938. Dollar Tree, Inc. has a 52-week low of $102.77 and a 52-week high of $161.10. The stock has a 50-day moving average price of $134.11 and a two-hundred day moving average price of $129.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The company has a market cap of $26.54 billion, a P/E ratio of -26.35, a PEG ratio of 1.15 and a beta of 0.90.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The firm had revenue of $8.63 billion during the quarter, compared to analysts' expectations of $8.66 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. Dollar Tree's revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.
Insider Transactions at Dollar Tree
In other news, Director Daniel J. Heinrich acquired 1,000 shares of the business's stock in a transaction dated Monday, March 18th. The stock was purchased at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the acquisition, the director now owns 6,225 shares of the company's stock, valued at $795,866.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Daniel J. Heinrich bought 1,000 shares of the stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the purchase, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey A. Davis bought 1,800 shares of the stock in a transaction dated Monday, April 1st. The stock was bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the purchase, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company's stock.
About Dollar Tree
(Free Report)
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.
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