New York State Common Retirement Fund Sells 21,717 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

New York State Common Retirement Fund reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 11.6% in the 4th quarter, Holdings Channel reports. The fund owned 165,364 shares of the company’s stock after selling 21,717 shares during the quarter. New York State Common Retirement Fund’s holdings in Dollar Tree were worth $23,490,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DLTR. Horrell Capital Management Inc. grew its holdings in shares of Dollar Tree by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $4,151,000 after buying an additional 94 shares in the last quarter. Independence Bank of Kentucky grew its holdings in shares of Dollar Tree by 15.0% during the fourth quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock worth $108,000 after buying an additional 99 shares in the last quarter. 1ST Source Bank grew its holdings in shares of Dollar Tree by 4.6% during the third quarter. 1ST Source Bank now owns 2,396 shares of the company’s stock worth $255,000 after buying an additional 106 shares in the last quarter. Desjardins Global Asset Management Inc. grew its holdings in shares of Dollar Tree by 9.3% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,355 shares of the company’s stock worth $192,000 after buying an additional 115 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Dollar Tree by 3.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,021 shares of the company’s stock worth $571,000 after buying an additional 146 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dollar Tree

In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the company’s stock in a transaction on Monday, April 1st. The stock was purchased at an average cost of $136.00 per share, with a total value of $244,800.00. Following the acquisition, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Jeffrey A. Davis acquired 1,800 shares of the company’s stock in a transaction on Monday, April 1st. The stock was purchased at an average cost of $136.00 per share, with a total value of $244,800.00. Following the acquisition, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at $2,590,392. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Heinrich acquired 1,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the acquisition, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $121.74 on Friday. The stock 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. The stock has a 50 day simple moving average of $134.11 and a 200 day simple moving average of $128.93. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Dollar Tree, Inc. has a 1-year low of $102.77 and a 1-year high of $161.10.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.12). The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.04 earnings per share. Research analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research reports. Loop Capital decreased their price objective on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Gordon Haskett downgraded Dollar Tree from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $150.00 to $140.00 in a report on Wednesday, April 3rd. Guggenheim raised their price target on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Oppenheimer restated a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of Dollar Tree in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Dollar Tree currently has a consensus rating of “Moderate Buy” and an average price target of $150.05.

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.