29,900 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 29,900 shares of the company's stock, valued at approximately $4,247,000.

Other institutional investors have also recently bought and sold shares of the company. Fairfield Bush & CO. bought a new stake in shares of Dollar Tree in the first quarter valued at approximately $86,000. Raymond James Trust N.A. boosted its position in shares of Dollar Tree by 36.5% during the 1st quarter. Raymond James Trust N.A. now owns 3,335 shares of the company's stock worth $534,000 after purchasing an additional 892 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Dollar Tree during the 1st quarter worth about $336,000. Candriam Luxembourg S.C.A. lifted its position in Dollar Tree by 9.5% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 12,417 shares of the company's stock valued at $1,988,000 after acquiring an additional 1,081 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in Dollar Tree by 21.1% in the 1st quarter. Baird Financial Group Inc. now owns 16,198 shares of the company's stock valued at $2,594,000 after acquiring an additional 2,825 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Buying and Selling at Dollar Tree

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an "overweight" rating in a research report on Monday. BMO Capital Markets lowered their price target on Dollar Tree from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday, March 14th. Loop Capital lowered their price target on Dollar Tree from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, March 14th. Oppenheimer reiterated a "market perform" rating on shares of Dollar Tree in a research report on Monday, March 4th. Finally, Wells Fargo & Company increased their price objective on Dollar Tree from $160.00 to $180.00 and gave the company an "overweight" rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.20.

Dollar Tree Stock Up 0.1 %

Shares of NASDAQ:DLTR traded up $0.17 during midday trading on Monday, hitting $125.36. 2,201,764 shares of the company's stock traded hands, compared to its average volume of 2,865,000. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The company has a market cap of $27.33 billion, a PE ratio of -27.13, a P/E/G ratio of 1.18 and a beta of 0.90. The firm's fifty day moving average price is $137.39 and its two-hundred day moving average price is $128.17. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing analysts' consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.66 billion. During the same period in the prior year, the company earned $2.04 EPS. Dollar Tree's quarterly revenue was up 11.9% on a year-over-year basis. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 6.91 EPS 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.