New York State Teachers Retirement System Reduces Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

New York State Teachers Retirement System lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 160,751 shares of the company's stock after selling 14,264 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Dollar Tree worth $12,068,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Bessemer Group Inc. grew its holdings in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after buying an additional 346 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after buying an additional 149 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of Dollar Tree during the fourth quarter worth $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Dollar Tree during the fourth quarter worth $43,000. Finally, CX Institutional purchased a new stake in shares of Dollar Tree during the first quarter worth $43,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DLTR shares. Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. UBS Group upped their price objective on shares of Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a report on Thursday, May 29th. The Goldman Sachs Group lowered shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Evercore ISI upped their price objective on shares of Dollar Tree from $92.00 to $94.00 and gave the company an "in-line" rating in a report on Tuesday, June 24th. Finally, Morgan Stanley upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $90.37.

Insider Activity at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction that occurred on 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 owned 50,419 shares of the company's stock, valued at $4,770,645.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were 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 directly owned 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,439 shares of company stock worth $2,099,028. 6.60% of the stock is owned by corporate insiders.

Dollar Tree Stock Down 1.2%

Shares of DLTR traded down $1.26 during mid-day trading on Friday, hitting $101.76. 2,140,917 shares of the company's stock were exchanged, compared to its average volume of 4,213,225. The company has a market cap of $21.24 billion, a price-to-earnings ratio of -7.34, a P/E/G ratio of 2.19 and a beta of 0.86. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two 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 stock's 50-day moving average is $91.88 and its 200-day moving average is $79.19.

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 (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.05. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The business's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share 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.