Louisiana State Employees Retirement System Reduces Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Louisiana State Employees Retirement System reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 60.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,900 shares of the company's stock after selling 16,900 shares during the period. Louisiana State Employees Retirement System's holdings in Dollar Tree were worth $817,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in shares of Dollar Tree in the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after purchasing an additional 210 shares during the period. Eastern Bank bought a new position in shares of Dollar Tree in the third quarter valued at about $34,000. First Horizon Advisors Inc. raised its position in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock valued at $39,000 after purchasing an additional 284 shares during the period. Finally, Sunbelt Securities Inc. increased its position in Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock worth $44,000 after acquiring an additional 554 shares during the period. 97.40% of the stock is owned by institutional investors.

Dollar Tree Price Performance

NASDAQ DLTR traded down $1.33 on Friday, reaching $74.96. 3,902,705 shares of the company's stock traded hands, compared to its average volume of 2,879,567. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. 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 50-day simple moving average of $73.04 and a 200 day simple moving average of $73.94. The stock has a market cap of $16.12 billion, a PE ratio of -15.71, a P/E/G ratio of 2.14 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business had revenue of $7.57 billion for the quarter, compared to analysts' expectations of $7.45 billion. During the same period last year, the business earned $0.97 earnings per share. The business's quarterly revenue was up 3.5% on a year-over-year basis. As a group, research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

DLTR has been the topic of several recent analyst reports. Telsey Advisory Group reissued a "market perform" rating and issued a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. KeyCorp lowered shares of Dollar Tree from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 7th. Evercore ISI decreased their price target on shares of Dollar Tree from $94.00 to $92.00 and set an "in-line" rating on the stock in a report on Tuesday, December 3rd. Finally, Loop Capital lifted their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a "hold" rating in a report on Thursday, December 5th. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Dollar Tree currently has an average rating of "Hold" and a consensus price target of $85.58.

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.