State of New Jersey Common Pension Fund D Raises Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

State of New Jersey Common Pension Fund D grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,730 shares of the company’s stock after purchasing an additional 357 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dollar Tree were worth $5,750,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Dollar Tree by 6.8% during the 3rd 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 in the last quarter. EdgePoint Investment Group Inc. boosted its position 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 in the last quarter. Primecap Management Co. CA boosted its position in shares of Dollar Tree by 5.5% in the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock worth $213,129,000 after buying an additional 158,385 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Dollar Tree by 9.8% in the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock worth $129,724,000 after buying an additional 165,398 shares in the last quarter. Finally, Equity Investment Corp boosted its position in shares of Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after buying an additional 746,913 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Guggenheim decreased their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Sanford C. Bernstein assumed coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective on the stock. BMO Capital Markets boosted 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. Finally, KeyCorp lowered shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $85.58.

Dollar Tree Stock Up 4.1 %

DLTR opened at $74.52 on Wednesday. The firm has a 50 day moving average price of $72.82 and a 200 day moving average price of $74.09. The company has a market cap of $16.02 billion, a PE ratio of -15.62, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. 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 posted its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.