Dollar Tree, Inc. $DLTR Shares Sold by South Dakota Investment Council

South Dakota Investment Council trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 41.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,901 shares of the company’s stock after selling 7,000 shares during the period. South Dakota Investment Council’s holdings in Dollar Tree were worth $934,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DLTR. Elo Mutual Pension Insurance Co bought a new position in Dollar Tree during the third quarter valued at about $1,787,000. Okabena Investment Services Inc. bought a new stake in shares of Dollar Tree in the 3rd quarter worth approximately $1,189,000. Quantbot Technologies LP acquired a new stake in Dollar Tree during the third quarter valued at approximately $774,000. Aster Capital Management DIFC Ltd bought a new stake in Dollar Tree during the third quarter worth approximately $934,000. Finally, Andra AP fonden acquired a new position in Dollar Tree in the third quarter worth approximately $1,995,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Brent A. Beebe sold 2,200 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $124.65, for a total transaction of $274,230.00. Following the transaction, the insider owned 13,740 shares in the company, valued at approximately $1,712,691. This trade represents a 13.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is owned by corporate insiders.

Dollar Tree Price Performance

DLTR opened at $115.91 on Friday. The stock has a fifty day moving average price of $127.22 and a 200 day moving average price of $112.76. The company has a current ratio of 0.96, a quick ratio of 0.22 and a debt-to-equity ratio of 0.70. Dollar Tree, Inc. has a 1 year low of $61.80 and a 1 year high of $142.40. The stock has a market cap of $23.05 billion, a price-to-earnings ratio of -8.62, a PEG ratio of 1.47 and a beta of 0.73.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.12. Dollar Tree had a positive return on equity of 30.23% and a negative net margin of 15.40%.The business had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.70 billion. During the same period in the previous year, the company earned $1.12 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. Analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DLTR shares. Barclays lifted their target price on Dollar Tree from $136.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Piper Sandler reaffirmed a “neutral” rating and set a $114.00 price objective (up from $108.00) on shares of Dollar Tree in a research note on Thursday, December 4th. Morgan Stanley boosted their price target on shares of Dollar Tree from $130.00 to $146.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Wells Fargo & Company upped their price target on shares of Dollar Tree from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Finally, Rothschild & Co Redburn set a $165.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $124.62.

Dollar Tree Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.