Kentucky Retirement Systems Lowers Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Kentucky Retirement Systems reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,884 shares of the company’s stock after selling 192 shares during the period. Kentucky Retirement Systems’ holdings in Dollar Tree were worth $1,040,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Creative Planning increased its holdings in Dollar Tree by 8.6% during the 3rd quarter. Creative Planning now owns 24,673 shares of the company’s stock worth $1,646,000 after purchasing an additional 1,959 shares during the period. Blue Trust Inc. grew its position in shares of Dollar Tree by 124.4% during the 3rd quarter. Blue Trust Inc. now owns 967 shares of the company’s stock worth $68,000 after buying an additional 536 shares in the last quarter. Signaturefd LLC increased its stake in shares of Dollar Tree by 11.2% during the third quarter. Signaturefd LLC now owns 3,343 shares of the company’s stock valued at $235,000 after buying an additional 337 shares during the period. Eastern Bank bought a new stake in shares of Dollar Tree in the third quarter valued at about $34,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Dollar Tree in the third quarter valued at about $2,992,000. 97.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Evercore ISI reduced their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Piper Sandler reaffirmed a “neutral” rating and set a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price target on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets upped their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $74.96 on Monday. The business has a fifty day moving average of $73.14 and a 200 day moving average of $73.48. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of -15.71, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. As a group, research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.