Illinois Municipal Retirement Fund Sells 6,852 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Illinois Municipal Retirement Fund lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 6.3% in the first quarter, according to the company in its most recent 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its position in shares of Dollar Tree by 382.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock valued at $488,974,000 after acquiring an additional 5,173,238 shares during the period. Marshall Wace LLP grew its position in shares of Dollar Tree by 784.2% during the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock worth $328,040,000 after purchasing an additional 3,882,324 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in Dollar Tree by 2,489.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company's stock valued at $196,452,000 after acquiring an additional 2,520,237 shares in the last quarter. Norges Bank acquired a new position in Dollar Tree in the fourth quarter valued at about $171,149,000. Finally, Capital International Investors lifted its holdings in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after acquiring an additional 2,023,819 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Ratings Changes

DLTR has been the subject of several research analyst reports. Morgan Stanley boosted their target price on Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the company a "market perform" rating in a research note on Monday, May 5th. Wells Fargo & Company set a $105.00 price objective on Dollar Tree and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Guggenheim reaffirmed a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a report on Thursday, June 5th. Finally, Truist Financial increased their target price on Dollar Tree from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $90.37.

Insiders Place Their Bets

In related news, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the transaction, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the sale, the chief accounting officer owned 4,231 shares of the company's stock, valued at approximately $316,055.70. The trade was a 22.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,439 shares of company stock valued at $2,099,028 over the last 90 days. Corporate insiders own 6.60% of the company's stock.

Dollar Tree Trading Up 1.5%

Shares of NASDAQ:DLTR traded up $1.51 during trading on Wednesday, reaching $103.01. The stock had a trading volume of 1,472,261 shares, compared to its average volume of 4,388,380. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $108.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. The firm's fifty day moving average is $90.65 and its 200 day moving average is $78.58. The stock has a market cap of $21.50 billion, a price-to-earnings ratio of -7.43, a P/E/G ratio of 2.74 and a beta of 0.86.

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

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.