California Public Employees Retirement System Trims Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

California Public Employees Retirement System decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 336,266 shares of the company's stock after selling 12,204 shares during the period. California Public Employees Retirement System owned approximately 0.16% of Dollar Tree worth $25,200,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in Dollar Tree by 9.8% during the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company's stock worth $129,724,000 after acquiring an additional 165,398 shares during the period. Investment Management Corp of Ontario lifted its holdings in shares of Dollar Tree by 42.4% during the third quarter. Investment Management Corp of Ontario now owns 6,719 shares of the company's stock worth $472,000 after purchasing an additional 2,000 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of Dollar Tree during the third quarter worth about $3,769,000. Quadrature Capital Ltd boosted its position in Dollar Tree by 831.1% in the third quarter. Quadrature Capital Ltd now owns 69,499 shares of the company's stock valued at $4,887,000 after buying an additional 62,035 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in Dollar Tree by 23.0% in the 3rd quarter. Stifel Financial Corp now owns 117,648 shares of the company's stock worth $8,273,000 after buying an additional 21,985 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

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Insiders Place Their Bets

In related news, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

DLTR has been the topic of several recent research reports. Evercore ISI upped their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a report on Thursday, March 27th. Telsey Advisory Group increased their price target on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. decreased their price objective on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Finally, Wells Fargo & Company lifted their price target on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $81.84.

Dollar Tree Price Performance

NASDAQ DLTR traded down $3.14 during mid-day trading on Tuesday, hitting $69.70. The stock had a trading volume of 8,336,524 shares, compared to its average volume of 3,798,483. The firm's 50 day moving average is $70.95 and its 200 day moving average is $70.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of -14.61, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $131.42.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree's quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $2.55 earnings per share. Equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

About Dollar Tree

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.