Kentucky Retirement Systems Decreases Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Kentucky Retirement Systems lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 13,884 shares of the company’s stock after selling 192 shares during the quarter. Kentucky Retirement Systems’ holdings in Dollar Tree were worth $1,040,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of Dollar Tree by 6.8% during 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 in the last quarter. EdgePoint Investment Group Inc. increased its stake in Dollar Tree by 0.5% during 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 raised its holdings in shares of Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after acquiring an additional 158,385 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Dollar Tree by 9.8% during the third quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock valued at $129,724,000 after acquiring an additional 165,398 shares during the last quarter. Finally, Equity Investment Corp lifted its position in shares of Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after acquiring an additional 746,913 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $74.96 on Monday. The stock’s fifty day moving average is $73.14 and its two-hundred day moving average is $73.48. The company has a market capitalization of $16.12 billion, a P/E ratio of -15.71, a P/E/G ratio of 2.16 and a beta of 0.89. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

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

Analysts Set New Price Targets

DLTR has been the subject of several research reports. Evercore ISI dropped their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. BMO Capital Markets upped their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Piper Sandler reissued a “neutral” rating and issued a $72.00 price target (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target 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. Finally, Guggenheim cut their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. Seventeen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Dollar Tree has an average rating of “Hold” and an average price target of $85.58.

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.