Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 273,376 shares of the company's stock after selling 59,841 shares during the period. California State Teachers Retirement System owned 0.13% of Dollar Tree worth $20,487,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in DLTR. Assetmark Inc. raised its position in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Bessemer Group Inc. grew its position in Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after purchasing an additional 346 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after buying an additional 232 shares during the last quarter. Hurley Capital LLC purchased a new position in Dollar Tree in the fourth quarter worth $33,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Dollar Tree in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William W. Douglas III bought 701 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now owns 1,377 shares of the company's stock, valued at $103,275. This represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DLTR shares. Evercore ISI lifted their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a report on Thursday, March 27th. Wells Fargo & Company raised their price objective on shares of Dollar Tree from $90.00 to $105.00 and gave the company an "overweight" rating in a research note on Monday. Cfra Research upgraded shares of Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. Guggenheim reaffirmed a "buy" rating and issued a $100.00 price target (up previously from $95.00) on shares of Dollar Tree in a report on Monday, May 5th. Finally, Bank of America decreased their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $85.42.

Dollar Tree Trading Up 4.0%

DLTR stock traded up $3.64 during trading on Tuesday, hitting $94.88. The company had a trading volume of 3,176,980 shares, compared to its average volume of 4,101,675. The firm has a 50-day moving average price of $80.95 and a 200-day moving average price of $74.67. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of -19.89, a PEG ratio of 2.16 and a beta of 0.84. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $121.92. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the business earned $2.55 earnings per share. Dollar Tree's revenue was up .7% compared to the same quarter last year. As a group, analysts predict that Dollar Tree, Inc. will post 5.39 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.