Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.2% during the fourth quarter, Holdings Channel reports. The fund owned 445,141 shares of the company’s stock after acquiring an additional 689 shares during the quarter. California Public Employees Retirement System’s holdings in Dollar Tree were worth $63,232,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Dollar Tree during the third quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $35,000. City State Bank boosted its holdings in shares of Dollar Tree by 200.0% in the 4th 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 last quarter. Operose Advisors LLC acquired a new position in shares of Dollar Tree in the 3rd quarter valued at $34,000. Finally, Mendota Financial Group LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Trading Down 0.6 %

Dollar Tree stock opened at $121.69 on Friday. Dollar Tree, Inc. has a 12-month low of $102.77 and a 12-month high of $161.10. 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 fifty day moving average price is $134.54 and its 200 day moving average price is $128.82.

Dollar Tree (NASDAQ:DLTR) last released 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). The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $2.04 EPS. Analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In related news, CFO Jeffrey A. Davis bought 1,800 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now owns 19,047 shares of the company’s stock, valued at $2,590,392. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Daniel J. Heinrich bought 1,000 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was bought 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 of the company’s stock, valued at $795,866.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeffrey A. Davis acquired 1,800 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were acquired at an average cost of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Dollar Tree from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Gordon Haskett lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and decreased their price target for the company from $150.00 to $140.00 in a report on Wednesday, April 3rd. Truist Financial decreased their price target on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, Jefferies Financial Group decreased their price target on shares of Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.05.

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.