Arizona PSPRS Trust Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Arizona PSPRS Trust bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the third quarter, Holdings Channel reports. The institutional investor bought 17,200 shares of the company’s stock, valued at approximately $1,210,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DLTR. Primecap Management Co. CA lifted its holdings in shares of Dollar Tree by 5.5% in the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock worth $213,129,000 after acquiring an additional 158,385 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Dollar Tree by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock worth $266,124,000 after purchasing an additional 138,042 shares during the last quarter. American Century Companies Inc. lifted its stake in Dollar Tree by 6.6% in the second quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock worth $213,958,000 after purchasing an additional 124,021 shares during the last quarter. Equity Investment Corp boosted its position in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Dollar Tree by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock valued at $88,141,000 after buying an additional 10,681 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Dollar Tree stock opened at $71.27 on Monday. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $67.47 and its 200 day moving average is $88.32. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a market capitalization of $15.32 billion, a P/E ratio of -14.60, a PEG ratio of 2.82 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.35 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. The trade was a 28.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group lowered their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Truist Financial dropped their price objective on Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. KeyCorp downgraded shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. BMO Capital Markets dropped their price target on shares of Dollar Tree from $68.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 18th. Finally, Evercore ISI lowered their price objective on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.95.

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.