Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,474 shares of the company's stock after selling 3,978 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Dollar Tree were worth $5,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new stake in shares of Dollar Tree during the fourth quarter worth $4,069,000. Fifth Third Bancorp grew its holdings in shares of Dollar Tree by 69.8% in the fourth quarter. Fifth Third Bancorp now owns 9,418 shares of the company's stock worth $706,000 after purchasing an additional 3,873 shares during the last quarter. Blue Trust Inc. increased its stake in Dollar Tree by 47.8% in the 4th quarter. Blue Trust Inc. now owns 1,429 shares of the company's stock worth $100,000 after buying an additional 462 shares during the period. KBC Group NV lifted its holdings in Dollar Tree by 1.1% during the 4th quarter. KBC Group NV now owns 28,312 shares of the company's stock valued at $2,122,000 after buying an additional 313 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Dollar Tree in the 4th quarter valued at about $54,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dollar Tree

In other news, 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 sale, the chief accounting officer now owns 4,231 shares of the company's stock, valued at $316,055.70. This trade represents a 22.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William W. Douglas III bought 701 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, the director now owns 1,377 shares in the company, valued at approximately $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 currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DLTR. Cfra Research raised shares of Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. Telsey Advisory Group boosted their price target on shares of Dollar Tree from $82.00 to $95.00 and gave the company a "market perform" rating in a report on Tuesday, May 27th. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. UBS Group lifted 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. Finally, Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the stock a "market perform" rating in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $85.42.

Dollar Tree Stock Performance

Shares of Dollar Tree stock traded up $0.98 on Monday, reaching $91.24. 4,360,077 shares of the stock were exchanged, compared to its average volume of 4,104,438. The business has a 50 day moving average price of $80.95 and a two-hundred day moving average price of $74.67. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of -19.13, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve 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 posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.55 earnings per share. Analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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.