Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,830 shares of the company’s stock after selling 616 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Dollar Tree were worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Capital International Investors raised its position in Dollar Tree by 30.1% during the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after acquiring an additional 2,445,827 shares in the last quarter. Norges Bank purchased a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $333,373,000. FIL Ltd boosted its stake in shares of Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after acquiring an additional 1,566,392 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Dollar Tree by 223.4% in the first quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock worth $188,379,000 after acquiring an additional 977,313 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of Dollar Tree in the first quarter worth approximately $99,862,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Dollar Tree stock traded up $0.47 during mid-day trading on Monday, hitting $104.40. 505,379 shares of the company were exchanged, compared to its average volume of 2,760,651. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The business’s 50 day simple moving average is $108.90 and its two-hundred day simple moving average is $124.07. Dollar Tree, Inc. has a 12-month low of $101.83 and a 12-month high of $154.82.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.63 billion. During the same quarter last year, the firm earned $1.47 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 6.63 EPS for the current year.

Insider Activity at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the transaction, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DLTR shares. Evercore ISI boosted their price objective on Dollar Tree from $136.00 to $137.00 and gave the stock an “in-line” rating in a research note on Thursday, June 20th. Wells Fargo & Company decreased their price target on Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Truist Financial cut their price objective on Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Piper Sandler downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $143.00 to $112.00 in a report on Tuesday, July 16th. Finally, UBS Group cut their price target on Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.55.

About Dollar Tree

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.