South Dakota Investment Council Acquires 5,650 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

South Dakota Investment Council raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 22.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,342 shares of the company’s stock after purchasing an additional 5,650 shares during the period. South Dakota Investment Council’s holdings in Dollar Tree were worth $2,274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DLTR. Versant Capital Management Inc bought a new position in shares of Dollar Tree during the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Eastern Bank bought a new position in shares of Dollar Tree during the third quarter valued at approximately $34,000. First Horizon Advisors Inc. increased its stake in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after purchasing an additional 554 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DLTR. BMO Capital Markets raised their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Telsey Advisory Group reissued a “market perform” rating and set a $75.00 price target on shares of Dollar Tree in a research report on Friday, December 20th. Loop Capital raised their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, KeyCorp downgraded shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Trading Down 1.7 %

Shares of DLTR stock opened at $74.96 on Monday. The firm’s 50 day moving average is $73.14 and its 200 day moving average is $73.48. The stock 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 12-month low of $60.49 and a 12-month high of $151.21. The company has a current ratio of 1.03, a quick ratio of 0.17 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, topping the consensus estimate of $1.07 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS. Research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

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.