State of Alaska Department of Revenue Sells 6,325 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

State of Alaska Department of Revenue lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 13.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 40,537 shares of the company’s stock after selling 6,325 shares during the quarter. State of Alaska Department of Revenue’s holdings in Dollar Tree were worth $5,396,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. NBC Securities Inc. grew its stake in shares of Dollar Tree by 7.1% in the fourth quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock worth $163,000 after acquiring an additional 76 shares during the period. Horrell Capital Management Inc. grew its position in Dollar Tree by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $4,151,000 after purchasing an additional 94 shares during the period. GAMMA Investing LLC raised its stake in Dollar Tree by 4.0% during the 1st quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock valued at $335,000 after buying an additional 96 shares during the last quarter. Independence Bank of Kentucky lifted its holdings in shares of Dollar Tree by 15.0% during the 4th quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock valued at $108,000 after buying an additional 99 shares during the period. Finally, Fiduciary Trust Co boosted its stake in shares of Dollar Tree by 1.0% in the 4th quarter. Fiduciary Trust Co now owns 10,997 shares of the company’s stock worth $1,562,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 1.1 %

Shares of DLTR opened at $105.95 on Thursday. The business’s 50 day simple moving average is $114.17 and its 200-day simple moving average is $128.16. Dollar Tree, Inc. has a 1 year low of $101.85 and a 1 year high of $154.96. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DLTR shares. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Morgan Stanley dropped their price objective on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Citigroup cut shares of Dollar Tree from a “buy” rating to a “neutral” rating and reduced their target price for the company from $163.00 to $120.00 in a report on Thursday, June 6th. Piper Sandler dropped their price target on shares of Dollar Tree from $168.00 to $143.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Finally, KeyCorp upgraded Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price objective for the company in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Dollar Tree currently has an average rating of “Moderate Buy” and an average target price of $142.45.

Insiders Place Their Bets

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

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.