State of Alaska Department of Revenue Sells 8,369 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

State of Alaska Department of Revenue decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 26.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,043 shares of the company’s stock after selling 8,369 shares during the quarter. State of Alaska Department of Revenue’s holdings in Dollar Tree were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp increased its position in Dollar Tree by 6.8% in the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after purchasing an additional 596,191 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in shares of Dollar Tree by 0.5% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock worth $487,987,000 after buying an additional 35,862 shares during the last quarter. Primecap Management Co. CA raised its position in shares of Dollar Tree by 5.5% during the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after buying an additional 158,385 shares in the last quarter. Janus Henderson Group PLC increased its stake in Dollar Tree by 9.8% during the third quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock worth $129,724,000 after acquiring an additional 165,398 shares during the last quarter. Finally, Equity Investment Corp increased its stake in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after acquiring an additional 746,913 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Down 2.2 %

DLTR opened at $72.24 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm has a market cap of $15.53 billion, a price-to-earnings ratio of -15.14, a PEG ratio of 2.11 and a beta of 0.89. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The stock has a fifty day moving average price of $72.88 and a 200-day moving average price of $75.20.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Evercore ISI dropped their target price on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. BMO Capital Markets increased their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a report on Friday, December 20th. Finally, Guggenheim cut their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.