New York State Teachers Retirement System trimmed its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 354,824 shares of the company’s stock after selling 10,595 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of Dollar Tree worth $32,048,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of DLTR. Clean Yield Group acquired a new position in Dollar Tree in the fourth quarter valued at $45,000. Price Capital Management Inc. acquired a new position in Dollar Tree in the third quarter valued at $106,000. SRS Capital Advisors Inc. raised its position in Dollar Tree by 252.9% in the third quarter. SRS Capital Advisors Inc. now owns 1,408 shares of the company’s stock valued at $115,000 after purchasing an additional 1,009 shares during the period. Stelac Advisory Services LLC purchased a new position in Dollar Tree in the third quarter valued at about $121,000. Finally, CenterStar Asset Management LLC purchased a new position in Dollar Tree in the fourth quarter valued at about $129,000. 91.83% of the stock is owned by institutional investors and hedge funds.
DLTR has been the topic of several research reports. ValuEngine raised Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. BidaskClub lowered Dollar Tree from a “buy” rating to a “hold” rating in a research report on Saturday, November 17th. Credit Suisse Group set a $96.00 target price on Dollar Tree and gave the stock a “buy” rating in a research report on Monday, November 26th. Morgan Stanley dropped their target price on Dollar Tree from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday, November 30th. Finally, Royal Bank of Canada lifted their target price on Dollar Tree from $94.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, November 30th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. Dollar Tree currently has a consensus rating of “Hold” and an average target price of $99.82.
DLTR traded down $1.07 during trading on Thursday, reaching $98.12. The stock had a trading volume of 1,017,169 shares, compared to its average volume of 2,367,660. The company has a market capitalization of $23.57 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.25 and a beta of 0.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 0.48. Dollar Tree, Inc. has a 1-year low of $78.78 and a 1-year high of $108.83.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, November 29th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.03. The company had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.55 billion. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. Equities analysts expect that Dollar Tree, Inc. will post 5.45 EPS for the current fiscal year.
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Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
Further Reading: Cost of Capital
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