Teacher Retirement System of Texas Buys New Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Teacher Retirement System of Texas bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 29,866 shares of the company's stock, valued at approximately $2,242,000.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. grew its position in 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. Bessemer Group Inc. grew its position in 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. Hurley Capital LLC acquired a new stake in Dollar Tree during the fourth quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in Dollar Tree during the fourth quarter worth approximately $43,000. Finally, CX Institutional acquired a new stake in Dollar Tree during the first quarter worth approximately $43,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Activity

In related news, CMO Richard L. Mcneely sold 21,026 shares of the company's stock in a transaction dated 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 sale, the chief marketing officer owned 50,419 shares in the company, valued at $4,770,645.78. This represents a 29.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer owned 4,231 shares in the company, 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 have sold a total of 22,439 shares of company stock worth $2,099,028 over the last ninety days. Company insiders own 6.60% of the company's stock.

Dollar Tree Trading Up 0.9%

DLTR traded up $0.99 during midday trading on Friday, hitting $109.36. 3,136,265 shares of the company were exchanged, compared to its average volume of 4,228,644. The firm has a market capitalization of $22.82 billion, a P/E ratio of -7.89, a P/E/G ratio of 2.32 and a beta of 0.86. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $109.74. The firm's 50 day moving average price is $94.33 and its 200-day moving average price is $80.38. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its 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. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its Board of Directors has approved a stock repurchase plan on Wednesday, July 9th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 11.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Cfra Research raised Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. JPMorgan Chase & Co. raised Dollar Tree from a "neutral" rating to an "overweight" rating and raised their target price for the company from $72.00 to $111.00 in a report on Thursday, June 5th. The Goldman Sachs Group downgraded Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and raised their target price for the company from $76.00 to $103.00 in a report on Monday, April 7th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $95.00 target price on shares of Dollar Tree in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $90.37.

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.