Teachers Retirement System of The State of Kentucky Sells 122,541 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Teachers Retirement System of The State of Kentucky lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 88.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,580 shares of the company's stock after selling 122,541 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Dollar Tree were worth $1,096,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. grew its stake in shares of Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock worth $44,000 after purchasing an additional 554 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Dollar Tree by 59.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 42,718 shares of the company's stock valued at $3,004,000 after purchasing an additional 15,875 shares during the last quarter. MML Investors Services LLC lifted its position in Dollar Tree by 14.2% during the 3rd quarter. MML Investors Services LLC now owns 13,220 shares of the company's stock worth $930,000 after acquiring an additional 1,644 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Dollar Tree by 13.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 49,975 shares of the company's stock valued at $3,514,000 after buying an additional 6,058 shares during the last quarter. Finally, EdgePoint Investment Group Inc. increased its position in Dollar Tree by 0.5% during the third quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company's stock worth $487,987,000 after acquiring an additional 35,862 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Guggenheim cut their price target on Dollar Tree from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, December 6th. Redburn Atlantic upgraded Dollar Tree to a "hold" rating in a report on Monday, September 23rd. Piper Sandler reaffirmed a "neutral" rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Finally, Jefferies Financial Group upped their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Dollar Tree has an average rating of "Hold" and an average price target of $85.58.

Dollar Tree Stock Performance

Dollar Tree stock traded down $0.21 during mid-day trading on Thursday, reaching $69.06. The company's stock had a trading volume of 3,082,106 shares, compared to its average volume of 3,433,707. The firm's fifty day moving average price is $67.71 and its two-hundred day moving average price is $84.52. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The company has a market capitalization of $14.85 billion, a P/E ratio of -14.48, a PEG ratio of 2.28 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter last year, the company earned $0.97 EPS. The firm's revenue was up 3.5% compared to the same quarter last year. Sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS 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.