Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 88.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,580 shares of the company’s stock after selling 122,541 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Dollar Tree were worth $1,096,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DLTR. Blue Trust Inc. lifted its holdings in Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 274 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in Dollar Tree during the second quarter valued at approximately $224,000. &PARTNERS bought a new stake in Dollar Tree during the second quarter worth approximately $683,000. LRI Investments LLC grew its position in Dollar Tree by 31.8% in the second quarter. LRI Investments LLC now owns 1,358 shares of the company’s stock worth $145,000 after buying an additional 328 shares during the last quarter. Finally, Independence Bank of Kentucky increased its holdings in shares of Dollar Tree by 406.7% in the second quarter. Independence Bank of Kentucky now owns 3,719 shares of the company’s stock valued at $397,000 after buying an additional 2,985 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

Shares of DLTR opened at $69.27 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm has a market cap of $14.89 billion, a PE ratio of -14.52, a PEG ratio of 2.28 and a beta of 0.92. The firm’s 50 day moving average price is $67.71 and its 200 day moving average price is $84.52. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Piper Sandler reissued a “neutral” rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Jefferies Financial Group lifted their price target on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Evercore ISI reduced their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. lifted their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Melius Research started coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They issued a “hold” rating and a $70.00 price target for the company. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree 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.