Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 4.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 204,824 shares of the company's stock after selling 8,666 shares during the period. New York State Teachers Retirement System owned 0.09% of Dollar Tree worth $29,095,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DAVENPORT & Co LLC grew its holdings in Dollar Tree by 155.2% during the 4th quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company's stock worth $4,443,000 after acquiring an additional 19,019 shares during the last quarter. Premier Path Wealth Partners LLC acquired a new position in Dollar Tree during the fourth quarter worth $211,000. Envestnet Asset Management Inc. raised its holdings in Dollar Tree by 79.1% during the third quarter. Envestnet Asset Management Inc. now owns 338,661 shares of the company's stock worth $36,050,000 after buying an additional 149,605 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its holdings in Dollar Tree by 69.2% during the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 93,155 shares of the company's stock worth $9,916,000 after buying an additional 38,110 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in shares of Dollar Tree by 33.9% in the third quarter. Rafferty Asset Management LLC now owns 94,539 shares of the company's stock valued at $10,064,000 after purchasing an additional 23,940 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Buying and Selling

In other news, CFO Jeffrey A. Davis bought 1,800 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The stock was purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares of the company's stock, valued at approximately $2,590,392. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Jeffrey A. Davis purchased 1,800 shares of the firm's stock in a transaction on Monday, April 1st. The stock was bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now owns 19,047 shares of the company's stock, valued at approximately $2,590,392. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Heinrich purchased 1,000 shares of the firm's stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the completion of the acquisition, the director now directly owns 6,225 shares of the company's stock, valued at approximately $795,866.25. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BMO Capital Markets cut their price objective on shares of Dollar Tree from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday, March 14th. Wells Fargo & Company lifted their price target on shares of Dollar Tree from $160.00 to $180.00 and gave the company an "overweight" rating in a report on Monday, March 4th. Oppenheimer restated a "market perform" rating on shares of Dollar Tree in a report on Monday, March 4th. Guggenheim lifted their price target on Dollar Tree from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, March 5th. Finally, StockNews.com raised Dollar Tree from a "sell" rating to a "hold" rating in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $149.80.

Dollar Tree Stock Down 1.9 %

Shares of DLTR stock traded down $2.49 during trading hours on Monday, reaching $128.22. 3,402,028 shares of the company's stock were exchanged, compared to its average volume of 2,896,699. Dollar Tree, Inc. has a 1 year low of $102.77 and a 1 year high of $161.10. The stock has a market cap of $27.95 billion, a PE ratio of -27.75, a PEG ratio of 1.23 and a beta of 0.90. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock's fifty day moving average price is $138.12 and its two-hundred day moving average price is $127.40.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing analysts' consensus estimates of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same period last year, the firm earned $2.04 EPS. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. Research analysts predict that Dollar Tree, Inc. will post 6.91 EPS for the current year.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail 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.