Dollar Tree, Inc. $DLTR Shares Sold by South Dakota Investment Council

South Dakota Investment Council lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 41.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,901 shares of the company’s stock after selling 7,000 shares during the quarter. South Dakota Investment Council’s holdings in Dollar Tree were worth $934,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DLTR. Root Financial Partners LLC purchased a new stake in shares of Dollar Tree during the 3rd quarter valued at $29,000. True Wealth Design LLC grew its position in Dollar Tree by 372.5% during the second quarter. True Wealth Design LLC now owns 378 shares of the company’s stock valued at $37,000 after acquiring an additional 298 shares during the period. Smartleaf Asset Management LLC grew its position in Dollar Tree by 90.5% during the third quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock valued at $40,000 after acquiring an additional 201 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Dollar Tree in the 3rd quarter worth about $41,000. Finally, MTM Investment Management LLC acquired a new position in shares of Dollar Tree in the 2nd quarter valued at about $42,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dollar Tree

In related news, insider Brent A. Beebe sold 2,200 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $124.65, for a total value of $274,230.00. Following the sale, the insider directly owned 13,740 shares in the company, valued at $1,712,691. This trade represents a 13.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is owned by company insiders.

Dollar Tree Stock Performance

Dollar Tree stock opened at $115.91 on Friday. Dollar Tree, Inc. has a 52 week low of $61.80 and a 52 week high of $142.40. The company has a current ratio of 0.96, a quick ratio of 0.22 and a debt-to-equity ratio of 0.70. The stock has a market cap of $23.05 billion, a P/E ratio of -8.62, a price-to-earnings-growth ratio of 1.47 and a beta of 0.73. The stock has a 50 day moving average of $127.22 and a 200-day moving average of $112.76.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.12. Dollar Tree had a negative net margin of 15.40% and a positive return on equity of 30.23%. The firm had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of research analyst reports. BMO Capital Markets downgraded shares of Dollar Tree from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $110.00 to $95.00 in a research report on Friday, February 13th. Barclays boosted their price objective on shares of Dollar Tree from $136.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Morgan Stanley increased their price objective on shares of Dollar Tree from $130.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Guggenheim lifted their target price on shares of Dollar Tree from $125.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $75.00 price target on shares of Dollar Tree in a report on Wednesday, December 3rd. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat, Dollar Tree currently has an average rating of “Hold” and an average target price of $124.62.

Dollar Tree Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.