Retirement Systems of Alabama Decreases Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Retirement Systems of Alabama trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 43,870 shares of the company’s stock after selling 1,845 shares during the period. Retirement Systems of Alabama’s holdings in Dollar Tree were worth $3,085,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DLTR. Strategic Financial Concepts LLC bought a new position in shares of Dollar Tree in the second quarter worth approximately $26,000. Eastern Bank bought a new stake in Dollar Tree during the 3rd quarter valued at $34,000. First Horizon Advisors Inc. boosted its position in Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the period. Sunbelt Securities Inc. grew its holdings in Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after acquiring an additional 554 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Dollar Tree by 174.5% during the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 274 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DLTR has been the topic of several recent analyst reports. Truist Financial raised their target price on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Barclays cut their price objective on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Guggenheim decreased their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Stock Up 5.6 %

DLTR stock opened at $72.94 on Friday. The business has a 50 day moving average of $67.78 and a 200 day moving average of $84.08. The firm has a market cap of $15.68 billion, a PE ratio of -15.29, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month 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 issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. On average, research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.