Strs Ohio Lowers Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Strs Ohio trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,687 shares of the company’s stock after selling 711 shares during the period. Strs Ohio’s holdings in Dollar Tree were worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DLTR. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Dollar Tree during the 3rd quarter worth $26,000. Operose Advisors LLC purchased a new stake in shares of Dollar Tree during the 3rd quarter worth $34,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Dollar Tree during the 4th quarter worth $35,000. City State Bank boosted its position in shares of Dollar Tree by 200.0% during the 4th quarter. City State Bank now owns 300 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new stake in shares of Dollar Tree during the 4th quarter worth $52,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Guggenheim boosted their target price on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. TheStreet downgraded Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $160.00 price target on shares of Dollar Tree in a research note on Thursday, March 14th. Wells Fargo & Company lifted their price target on Dollar Tree from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Moderate Buy” and an average target price of $150.05.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich bought 1,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was acquired at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the acquisition, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Jeffrey A. Davis bought 1,800 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was acquired at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares of the company’s stock, valued at $2,590,392. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel J. Heinrich bought 1,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the acquisition, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Dollar Tree Stock Up 0.7 %

DLTR opened at $122.56 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.31 and a quick ratio of 0.22. The stock has a market capitalization of $26.72 billion, a price-to-earnings ratio of -26.53, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The business has a 50-day moving average of $135.30 and a two-hundred day moving average of $128.91. Dollar Tree, Inc. has a 12 month low of $102.77 and a 12 month high of $161.10.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the previous year, the firm posted $2.04 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, research analysts expect that Dollar Tree, Inc. will post 6.91 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.