25,487 Shares in Dollar Tree, Inc. $DLTR Purchased by North Dakota State Investment Board

North Dakota State Investment Board acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 25,487 shares of the company’s stock, valued at approximately $3,135,000.

A number of other institutional investors have also bought and sold shares of the business. EdgePoint Investment Group Inc. lifted its stake in Dollar Tree by 2.9% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,138,183 shares of the company’s stock worth $1,051,110,000 after purchasing an additional 312,382 shares in the last quarter. State Street Corp lifted its stake in Dollar Tree by 3.5% in the 3rd quarter. State Street Corp now owns 9,421,856 shares of the company’s stock worth $889,141,000 after purchasing an additional 319,938 shares in the last quarter. Primecap Management Co. CA lifted its stake in Dollar Tree by 6.8% in the 3rd quarter. Primecap Management Co. CA now owns 4,194,049 shares of the company’s stock worth $395,792,000 after purchasing an additional 268,539 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Dollar Tree by 4.8% in the 3rd quarter. Alliancebernstein L.P. now owns 3,926,586 shares of the company’s stock worth $370,552,000 after purchasing an additional 180,364 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Dollar Tree by 6.6% in the 3rd quarter. Invesco Ltd. now owns 2,679,797 shares of the company’s stock worth $252,892,000 after purchasing an additional 165,732 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 1.8%

DLTR stock opened at $91.23 on Tuesday. The firm has a market cap of $17.77 billion, a PE ratio of 14.60, a PEG ratio of 1.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.29 and a current ratio of 1.07. The firm’s 50 day moving average price is $103.25 and its 200-day moving average price is $114.30. Dollar Tree, Inc. has a one year low of $84.71 and a one year high of $142.40.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.53 by $0.03. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.46 billion. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.11 EPS. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 6.75 EPS for the current year.

Analysts Set New Price Targets

DLTR has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of Dollar Tree from $75.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, March 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 target price on shares of Dollar Tree in a research note on Tuesday, March 17th. Citigroup decreased their target price on shares of Dollar Tree from $132.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Bank of America raised their target price on shares of Dollar Tree from $85.00 to $89.00 and gave the stock an “underperform” rating in a research note on Monday, March 16th. Finally, BNP Paribas Exane lowered shares of Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 target price on the stock. in a research note on Wednesday, January 21st. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $121.86.

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.