New York State Teachers Retirement System Lowers Holdings in Dollar Tree, Inc. $DLTR

New York State Teachers Retirement System decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 169,570 shares of the company’s stock after selling 9,936 shares during the period. New York State Teachers Retirement System’s holdings in Dollar Tree were worth $20,859,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its position in shares of Dollar Tree by 261.9% during the 4th quarter. SG Americas Securities LLC now owns 177,196 shares of the company’s stock worth $21,797,000 after buying an additional 128,230 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Dollar Tree by 54.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 670,753 shares of the company’s stock worth $82,509,000 after buying an additional 235,626 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Dollar Tree by 4.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 541,021 shares of the company’s stock worth $51,056,000 after buying an additional 20,786 shares during the period. Federated Hermes Inc. grew its position in shares of Dollar Tree by 2.2% during the 3rd quarter. Federated Hermes Inc. now owns 751,744 shares of the company’s stock worth $70,942,000 after buying an additional 15,829 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Dollar Tree by 18.0% during the 4th quarter. Nordea Investment Management AB now owns 858,636 shares of the company’s stock worth $106,110,000 after buying an additional 130,741 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $94.67 on Friday. The company has a fifty day simple moving average of $109.89 and a 200 day simple moving average of $114.67. Dollar Tree, Inc. has a 12-month low of $82.83 and a 12-month high of $142.40. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 0.65. The company has a market cap of $18.68 billion, a P/E ratio of 15.15, a PEG ratio of 1.18 and a beta of 0.61.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.03. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter last year, the firm posted $2.11 EPS. Dollar Tree’s revenue was up 9.0% compared to the same quarter last year. Sell-side analysts predict that Dollar Tree, Inc. will post 6.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on DLTR. BNP Paribas Exane downgraded shares of Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 price objective for the company. in a research report on Wednesday, January 21st. Citigroup reduced their price objective on shares of Dollar Tree from $132.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. Jefferies Financial Group raised their price objective on shares of Dollar Tree from $75.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 17th. Barclays reaffirmed an “overweight” rating on shares of Dollar Tree in a research report on Monday, March 16th. 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, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and a consensus target price of $122.76.

About Dollar Tree

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.