Retirement Systems of Alabama Has $3.26 Million Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Retirement Systems of Alabama lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,437 shares of the company’s stock after selling 318 shares during the quarter. Retirement Systems of Alabama’s holdings in Dollar Tree were worth $3,261,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Assetmark Inc. raised its holdings in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares during the period. Bessemer Group Inc. grew its position in Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after purchasing an additional 346 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after purchasing an additional 232 shares in the last quarter. Hurley Capital LLC purchased a new position in Dollar Tree during the fourth quarter valued at approximately $33,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Dollar Tree during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

DLTR has been the topic of a number of research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $95.00 price objective on shares of Dollar Tree in a research report on Wednesday, June 4th. The Goldman Sachs Group downgraded shares of Dollar Tree from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, June 5th. Morgan Stanley boosted their price objective on shares of Dollar Tree from $80.00 to $96.00 and gave the company an “equal weight” rating in a research report on Thursday, June 5th. Bank of America lowered their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Cfra Research raised shares of Dollar Tree to a “hold” rating in a research report on Wednesday, May 28th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $90.37.

Insider Transactions at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares of the company’s stock, valued at $103,275. This represents a 103.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Richard L. Mcneely sold 21,026 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the sale, the chief marketing officer now owns 50,419 shares of the company’s stock, valued at $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,616 shares of company stock worth $2,112,402. 6.60% of the stock is owned by insiders.

Dollar Tree Stock Performance

DLTR stock opened at $99.45 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $20.76 billion, a price-to-earnings ratio of -7.18, a P/E/G ratio of 2.73 and a beta of 0.84. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $109.36. The firm has a 50 day moving average of $89.08 and a two-hundred day moving average of $77.75.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the company earned $1.43 earnings per share. Dollar Tree’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.