Teachers Retirement System of The State of Kentucky Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Teachers Retirement System of The State of Kentucky acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 70,066 shares of the company’s stock, valued at approximately $9,536,000.

Other institutional investors have also recently bought and sold shares of the company. Alpha Paradigm Partners LLC acquired a new stake in Dollar Tree during the 3rd quarter worth about $35,000. Fred Alger Management LLC acquired a new stake in Dollar Tree during the 3rd quarter worth about $37,000. CI Investments Inc. boosted its position in Dollar Tree by 933.3% during the 3rd quarter. CI Investments Inc. now owns 279 shares of the company’s stock worth $38,000 after acquiring an additional 252 shares during the period. Guardian Wealth Advisors LLC acquired a new stake in Dollar Tree during the 3rd quarter worth about $39,000. Finally, Ellevest Inc. raised its stake in shares of Dollar Tree by 78.9% during the 3rd quarter. Ellevest Inc. now owns 356 shares of the company’s stock worth $48,000 after purchasing an additional 157 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $139.01 on Friday. Dollar Tree, Inc. has a 1-year low of $124.76 and a 1-year high of $177.19. The firm has a market capitalization of $30.75 billion, a PE ratio of 19.28, a PEG ratio of 2.01 and a beta of 0.68. The business’s 50 day moving average is $146.60 and its 200-day moving average is $146.15. The company has a current ratio of 1.51, a quick ratio of 0.22 and a debt-to-equity ratio of 0.39.

Dollar Tree (NASDAQ:DLTR – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.01. Dollar Tree had a return on equity of 19.19% and a net margin of 5.70%. The company had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.61 billion. During the same quarter last year, the firm earned $2.01 EPS. Dollar Tree’s revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts predict that Dollar Tree, Inc. will post 6.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DLTR shares. Deutsche Bank Aktiengesellschaft cut their price target on Dollar Tree from $181.00 to $173.00 and set a “buy” rating for the company in a research note on Thursday, March 2nd. Barclays initiated coverage on Dollar Tree in a research note on Tuesday, February 7th. They issued an “equal weight” rating and a $145.00 price objective on the stock. StockNews.com initiated coverage on Dollar Tree in a research note on Thursday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $150.00 in a research note on Thursday, March 2nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $165.00 price objective on shares of Dollar Tree in a research note on Thursday, March 2nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.80.

Insider Activity at Dollar Tree

In related news, CEO Richard W. Dreiling purchased 7,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were acquired at an average price of $142.00 per share, with a total value of $1,008,200.00. Following the purchase, the chief executive officer now directly owns 7,118 shares in the company, valued at $1,010,756. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.80% of the stock is owned by insiders.

Dollar Tree Profile

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.