Texas Permanent School Fund Corp Sells 369 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Texas Permanent School Fund Corp lessened its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,784 shares of the company’s stock after selling 369 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Dollar Tree were worth $5,697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DLTR. International Assets Investment Management LLC purchased a new stake in Dollar Tree during the fourth quarter valued at about $15,638,000. DAVENPORT & Co LLC boosted its position in Dollar Tree by 155.2% during the fourth quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock valued at $4,443,000 after buying an additional 19,019 shares during the period. Dorsal Capital Management LP purchased a new stake in Dollar Tree during the fourth quarter valued at about $35,512,000. Wellington Management Group LLP boosted its holdings in shares of Dollar Tree by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after purchasing an additional 73,588 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Dollar Tree by 92.6% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock worth $20,826,000 after purchasing an additional 70,478 shares during the period. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling

In related news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Dollar Tree Stock Up 0.3 %

Shares of DLTR traded up $0.30 on Friday, hitting $107.03. 65,801 shares of the stock traded hands, compared to its average volume of 2,762,693. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The business has a 50 day simple moving average of $112.12 and a 200 day simple moving average of $126.86. Dollar Tree, Inc. has a one year low of $101.83 and a one year high of $154.96.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 earnings per share. On average, equities analysts forecast that Dollar Tree, Inc. will post 6.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DLTR shares. JPMorgan Chase & Co. dropped their target price on shares of Dollar Tree from $152.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. Evercore ISI increased their target price on shares of Dollar Tree from $136.00 to $137.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Telsey Advisory Group dropped their target price on shares of Dollar Tree from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Gordon Haskett lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $150.00 to $140.00 in a report on Wednesday, April 3rd. Finally, StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.45.

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.