Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 28.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,245 shares of the company’s stock after selling 8,537 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Dollar Tree were worth $2,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC lifted its stake in shares of Dollar Tree by 4.9% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after buying an additional 93 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dollar Tree by 4.0% during the 1st quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock worth $335,000 after purchasing an additional 96 shares during the last quarter. Salomon & Ludwin LLC increased its holdings in shares of Dollar Tree by 27.0% in the first quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock valued at $66,000 after purchasing an additional 105 shares during the last quarter. Fiduciary Trust Co increased 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 acquiring an additional 109 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Dollar Tree by 29.3% during the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on DLTR. Piper Sandler decreased their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. KeyCorp lowered their target price on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. BMO Capital Markets lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $130.00 to $68.00 in a report on Thursday, September 5th. Evercore ISI reduced their price target on Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. Finally, StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $91.40.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $71.76 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree, Inc. has a one year low of $60.81 and a one year high of $151.21. The company has a 50-day simple moving average of $90.08 and a 200-day simple moving average of $108.77. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of -15.63, a PEG ratio of 2.82 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts predict that Dollar Tree, Inc. will post 5.33 EPS for the current year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.80% of the company’s stock.

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.