New York State Teachers Retirement System Reduces Position in Dollar Tree, Inc. (DLTR)

New York State Teachers Retirement System lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 354,124 shares of the company’s stock after selling 700 shares during the period. New York State Teachers Retirement System’s holdings in Dollar Tree were worth $37,197,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Dollar Tree by 26.0% during the fourth quarter. BlackRock Inc. now owns 18,317,336 shares of the company’s stock valued at $1,654,421,000 after purchasing an additional 3,781,225 shares during the last quarter. Norges Bank bought a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $274,937,000. Oregon Public Employees Retirement Fund boosted its position in shares of Dollar Tree by 8,821.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock valued at $26,000 after acquiring an additional 2,301,814 shares during the period. Macquarie Group Ltd. boosted its position in shares of Dollar Tree by 15.4% in the fourth quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock valued at $881,404,000 after acquiring an additional 1,303,200 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Dollar Tree by 50.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,330,523 shares of the company’s stock valued at $300,813,000 after acquiring an additional 1,120,760 shares during the period. Hedge funds and other institutional investors own 92.86% of the company’s stock.

Shares of NASDAQ:DLTR opened at $100.39 on Friday. Dollar Tree, Inc. has a twelve month low of $78.78 and a twelve month high of $111.61. The firm has a market capitalization of $24.06 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.95 and a beta of 0.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.01. The company had revenue of $6.21 billion during the quarter, compared to analyst estimates of $6.19 billion. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company posted $1.89 earnings per share. Equities analysts anticipate that Dollar Tree, Inc. will post 5.27 earnings per share for the current year.

Several equities research analysts have recently weighed in on DLTR shares. Wolfe Research started coverage on Dollar Tree in a research report on Monday, February 11th. They issued a “market perform” rating for the company. ValuEngine cut Dollar Tree from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. BidaskClub cut Dollar Tree from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 19th. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research report on Monday, February 4th. Finally, Telsey Advisory Group raised Dollar Tree from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $103.00 to $117.00 in a research report on Wednesday, March 20th. Twelve investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Dollar Tree currently has a consensus rating of “Buy” and an average price target of $102.89.

In related news, CEO Gary M. Philbin sold 9,614 shares of Dollar Tree stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $110.00, for a total value of $1,057,540.00. Following the completion of the sale, the chief executive officer now directly owns 84,665 shares in the company, valued at $9,313,150. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lemuel E. Lewis acquired 1,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of $99.98 per share, with a total value of $99,980.00. Following the completion of the transaction, the director now owns 21,114 shares of the company’s stock, valued at $2,110,977.72. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 43,561 shares of company stock valued at $4,537,642. Corporate insiders own 1.50% of the company’s stock.

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Dollar Tree Profile

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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