Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,058 shares of the company's stock after selling 6,852 shares during the period. Illinois Municipal Retirement Fund's holdings in Dollar Tree were worth $7,661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Pzena Investment Management LLC purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $520,000. Intrepid Capital Management Inc. increased its position in shares of Dollar Tree by 103.6% during the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after purchasing an additional 13,751 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Dollar Tree during the fourth quarter worth $380,000. Forum Financial Management LP acquired a new position in shares of Dollar Tree in the 4th quarter valued at $340,000. Finally, RD Lewis Holdings Inc. acquired a new position in shares of Dollar Tree in the 4th quarter valued at $417,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $94.62, for a total value of $1,989,480.12. Following the sale, the chief marketing officer now owns 50,419 shares of the company's stock, valued at $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This trade represents a 103.70% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 22,616 shares of company stock worth $2,112,402 over the last ninety days. 6.60% of the stock is currently owned by company insiders.

Dollar Tree Stock Down 0.7%

Shares of Dollar Tree stock traded down $0.74 during trading on Friday, hitting $98.70. 5,084,452 shares of the stock were exchanged, compared to its average volume of 4,209,133. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of -7.12, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. The firm's 50-day moving average price is $89.88 and its 200 day moving average price is $78.17. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $109.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the business earned $1.43 EPS. Dollar Tree's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on DLTR shares. Guggenheim reaffirmed a "buy" rating and issued a $100.00 price target on shares of Dollar Tree in a report on Thursday, June 5th. Bank of America decreased their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 8th. BMO Capital Markets increased their price objective on shares of Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a report on Thursday, June 5th. Cfra Research upgraded shares of Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Finally, Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $90.37.

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.