Kentucky Retirement Systems Sells 1,004 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Kentucky Retirement Systems lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 6.0% during the first quarter, Holdings Channel reports. The fund owned 15,719 shares of the company’s stock after selling 1,004 shares during the period. Kentucky Retirement Systems’ holdings in Dollar Tree were worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DLTR. Capital International Investors increased its position in Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after buying an additional 2,445,827 shares during the period. Norges Bank bought a new position in Dollar Tree during the 4th quarter worth $333,373,000. FIL Ltd increased its position in Dollar Tree by 96.0% during the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after buying an additional 1,566,392 shares during the period. National Bank of Canada FI increased its position in Dollar Tree by 223.4% during the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock worth $188,379,000 after buying an additional 977,313 shares during the period. Finally, Mizuho Markets Americas LLC bought a new position in Dollar Tree during the 1st quarter worth $99,862,000. Institutional investors own 97.40% of the company’s stock.

Insider Activity

In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.80% of the company’s stock.

Dollar Tree Stock Performance

Shares of DLTR stock traded up $0.31 during mid-day trading on Monday, reaching $104.24. 518,886 shares of the stock traded hands, compared to its average volume of 2,760,063. The stock’s fifty day simple moving average is $108.90 and its two-hundred day simple moving average is $124.07. Dollar Tree, Inc. has a 1-year low of $101.83 and a 1-year high of $154.82. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, meeting analysts’ consensus estimates of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same period last year, the firm posted $1.47 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts predict that Dollar Tree, Inc. will post 6.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. KeyCorp upgraded Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price objective on the stock in a research report on Wednesday, May 1st. Evercore ISI increased their target price on Dollar Tree from $136.00 to $137.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Telsey Advisory Group reduced their target price on Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. UBS Group reduced their target price on Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Finally, Morgan Stanley reduced their target price on Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.55.

Dollar Tree Company 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.