Louisiana State Employees Retirement System Sells 16,900 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Louisiana State Employees Retirement System decreased its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 60.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,900 shares of the company’s stock after selling 16,900 shares during the period. Louisiana State Employees Retirement System’s holdings in Dollar Tree were worth $817,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Alan B Lancz & Associates Inc. raised its position in Dollar Tree by 6.6% in the third quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock worth $229,000 after acquiring an additional 200 shares during the period. AM Squared Ltd increased its stake in shares of Dollar Tree by 12.5% in the third quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock worth $127,000 after purchasing an additional 200 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Dollar Tree by 8.4% in the fourth quarter. Empowered Funds LLC now owns 3,744 shares of the company’s stock worth $281,000 after purchasing an additional 291 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $74.52 on Wednesday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. The company’s 50-day moving average is $72.82 and its 200 day moving average is $74.09. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of -15.62, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data 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 company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the prior year, the firm posted $0.97 EPS. Dollar Tree’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Loop Capital boosted their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Evercore ISI lowered their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Truist Financial boosted their price objective on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. BMO Capital Markets upped their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Finally, Piper Sandler reiterated a “neutral” rating and set a $72.00 price target (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Seventeen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus 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.