California State Teachers Retirement System Sells 572 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

California State Teachers Retirement System trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,016 shares of the company’s stock after selling 572 shares during the period. California State Teachers Retirement System’s holdings in Dollar Tree were worth $44,075,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Dollar Tree during the fourth quarter valued at approximately $15,638,000. DAVENPORT & Co LLC grew its holdings in Dollar Tree by 155.2% during the fourth quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock valued at $4,443,000 after purchasing an additional 19,019 shares during the period. Dorsal Capital Management LP acquired a new position in Dollar Tree during the fourth quarter valued at approximately $35,512,000. Wellington Management Group LLP grew its holdings in Dollar Tree by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after purchasing an additional 73,588 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Dollar Tree by 92.6% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock valued at $20,826,000 after purchasing an additional 70,478 shares during the period. 97.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.80% of the stock is currently owned by company insiders.

Dollar Tree Stock Down 0.9 %

Shares of Dollar Tree stock traded down $0.99 during midday trading on Wednesday, hitting $104.34. 2,174,565 shares of the company traded hands, compared to its average volume of 2,766,390. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average price is $108.52 and its 200-day moving average price is $123.63. Dollar Tree, Inc. has a 12 month low of $101.83 and a 12 month high of $154.82.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.63 billion. During the same quarter in the previous year, the company earned $1.47 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 6.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. Citigroup cut shares of Dollar Tree from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $163.00 to $120.00 in a report on Thursday, June 6th. Truist Financial reduced their target price on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Morgan Stanley reduced their target price on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Dollar Tree from $135.00 to $148.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.55.

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.