New York State Common Retirement Fund Grows Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

New York State Common Retirement Fund boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,312 shares of the company's stock after buying an additional 5,600 shares during the period. New York State Common Retirement Fund owned approximately 0.05% of Dollar Tree worth $8,431,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA grew its position in Dollar Tree by 11.6% during the first quarter. Private Trust Co. NA now owns 1,527 shares of the company's stock worth $115,000 after buying an additional 159 shares during the period. Amalgamated Bank grew its holdings in Dollar Tree by 0.7% in the first quarter. Amalgamated Bank now owns 39,283 shares of the company's stock valued at $2,949,000 after purchasing an additional 265 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Dollar Tree by 6.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,656 shares of the company's stock valued at $349,000 after purchasing an additional 292 shares during the last quarter. Wahed Invest LLC grew its stake in Dollar Tree by 6.1% in the 4th quarter. Wahed Invest LLC now owns 5,205 shares of the company's stock valued at $390,000 after acquiring an additional 297 shares during the last quarter. Finally, Kera Capital Partners Inc. grew its position in shares of Dollar Tree by 10.5% in the first quarter. Kera Capital Partners Inc. now owns 3,352 shares of the company's stock valued at $252,000 after purchasing an additional 318 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Trading Up 1.8%

Shares of NASDAQ:DLTR opened at $110.12 on Friday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $111.03. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The company has a market cap of $22.98 billion, a PE ratio of -7.95, a P/E/G ratio of 2.36 and a beta of 0.86. The company's 50-day moving average price is $96.67 and its 200 day moving average price is $81.56.

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

Dollar Tree announced that its Board of Directors has approved a share buyback program on Wednesday, July 9th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to repurchase up to 11.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Dollar Tree

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree stock in a transaction on Friday, June 6th. The shares were sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the sale, the chief marketing officer owned 50,419 shares in the company, valued at $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Cfra Research upgraded shares of Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Morgan Stanley boosted their target price on shares of Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Sanford C. Bernstein set a $82.00 price target on shares of Dollar Tree and gave the stock a "market perform" rating in a research note on Monday, May 5th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $95.00 price objective on shares of Dollar Tree in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Dollar Tree has an average rating of "Hold" and an average target price of $92.00.

Dollar Tree 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.

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