California Public Employees Retirement System Raises Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

California Public Employees Retirement System boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 445,141 shares of the company’s stock after purchasing an additional 689 shares during the period. California Public Employees Retirement System owned approximately 0.20% of Dollar Tree worth $63,232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DLTR. Ameriprise Financial Inc. grew its position in Dollar Tree by 139.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock worth $134,202,000 after purchasing an additional 734,229 shares during the period. Mondrian Investment Partners LTD grew its position in Dollar Tree by 358.8% during the 3rd quarter. Mondrian Investment Partners LTD now owns 828,322 shares of the company’s stock worth $88,175,000 after purchasing an additional 647,800 shares during the period. Toronto Dominion Bank grew its position in Dollar Tree by 137.5% during the 3rd quarter. Toronto Dominion Bank now owns 1,100,981 shares of the company’s stock worth $117,199,000 after purchasing an additional 637,357 shares during the period. Invesco Ltd. grew its position in Dollar Tree by 24.7% during the 3rd quarter. Invesco Ltd. now owns 1,966,962 shares of the company’s stock worth $209,383,000 after purchasing an additional 389,718 shares during the period. Finally, Palestra Capital Management LLC acquired a new stake in Dollar Tree during the 3rd quarter worth about $23,813,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLTR has been the topic of several analyst reports. Wells Fargo & Company increased their price target on Dollar Tree from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. TheStreet lowered Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. Gordon Haskett lowered Dollar Tree from a “buy” rating to a “hold” rating and cut their price target for the company from $150.00 to $140.00 in a research note on Wednesday, April 3rd. Truist Financial cut their price target on Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Finally, Loop Capital cut their price target on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.05.

Dollar Tree Stock Down 0.6 %

Shares of Dollar Tree stock opened at $121.69 on Friday. The stock’s 50 day simple moving average is $134.54 and its 200-day simple moving average is $128.82. Dollar Tree, Inc. has a 1-year low of $102.77 and a 1-year high of $161.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.12). The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.04 earnings per share. On average, equities analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were purchased at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the acquisition, the director now owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were purchased at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Heinrich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the acquisition, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by insiders.

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.