New York State Teachers Retirement System Sells 24,781 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

New York State Teachers Retirement System reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 12.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,960 shares of the company’s stock after selling 24,781 shares during the period. New York State Teachers Retirement System owned 0.08% of Dollar Tree worth $19,001,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new position in shares of Dollar Tree in the fourth quarter valued at $26,000. United Community Bank purchased a new position in shares of Dollar Tree during the 4th quarter valued at $27,000. Register Financial Advisors LLC bought a new position in Dollar Tree during the first quarter worth about $28,000. Mather Group LLC. boosted its holdings in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Dollar Tree in the second quarter valued at $37,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on DLTR shares. Telsey Advisory Group reduced their price objective on shares of Dollar Tree from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Piper Sandler cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $143.00 to $112.00 in a research note on Tuesday, July 16th. Citigroup cut Dollar Tree from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $163.00 to $120.00 in a research note on Thursday, June 6th. Wells Fargo & Company dropped their target price 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. Finally, Morgan Stanley reduced their price objective on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.55.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded down $0.78 during midday trading on Friday, hitting $97.18. 1,148,034 shares of the company’s stock traded hands, compared to its average volume of 2,714,410. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The stock has a market capitalization of $20.89 billion, a price-to-earnings ratio of -21.34, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88. The firm has a fifty day moving average of $102.94 and a 200 day moving average of $119.53. Dollar Tree, Inc. has a 1 year low of $91.40 and a 1 year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting analysts’ consensus estimates of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The company had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.63 billion. During the same period in the previous year, the firm earned $1.47 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts forecast that Dollar Tree, Inc. will post 6.63 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.