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

Retirement Systems of Alabama reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,063 shares of the company’s stock after selling 1,277 shares during the period. Retirement Systems of Alabama’s holdings in Dollar Tree were worth $6,543,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DLTR. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Dollar Tree in the third quarter valued at about $26,000. Operose Advisors LLC purchased a new position in Dollar Tree in the 3rd quarter worth approximately $34,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Dollar Tree in the fourth quarter valued at approximately $35,000. City State Bank raised its stake in shares of Dollar Tree by 200.0% during the fourth quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares during the period. Finally, Mendota Financial Group LLC acquired a new position in shares of Dollar Tree during the fourth quarter worth $52,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $120.73 on Friday. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $131.52 and its two-hundred day moving average price is $129.32. Dollar Tree, Inc. has a 52-week low of $102.77 and a 52-week high of $161.10. The stock has a market capitalization of $26.32 billion, a P/E ratio of -26.13, a P/E/G ratio of 1.13 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. During the same period last year, the business posted $2.04 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 6.92 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on DLTR. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. Guggenheim boosted their price target on Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. TheStreet lowered Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. KeyCorp upgraded Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 target price for the company in a research note on Wednesday. Finally, Truist Financial dropped their price target on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

Insider Buying and Selling at Dollar Tree

In other news, CFO Jeffrey A. Davis purchased 1,800 shares of the 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 completion of the transaction, the chief financial officer now owns 19,047 shares of the company’s stock, valued at $2,590,392. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Jeffrey A. Davis bought 1,800 shares of Dollar Tree stock in a transaction on Monday, April 1st. The stock was purchased at an average cost of $136.00 per share, with a total value of $244,800.00. Following the purchase, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Heinrich bought 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now owns 6,225 shares in the company, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by company insiders.

Dollar Tree Company 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.