Treasurer of the State of North Carolina Grows Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Treasurer of the State of North Carolina lifted its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,011 shares of the company's stock after acquiring an additional 15,330 shares during the quarter. Treasurer of the State of North Carolina owned 0.06% of Dollar Tree worth $9,368,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Dollar Tree by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock worth $1,757,360,000 after acquiring an additional 163,368 shares in the last quarter. Geode Capital Management LLC lifted its position in Dollar Tree by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company's stock worth $381,964,000 after acquiring an additional 222,352 shares during the period. Primecap Management Co. CA grew its stake in Dollar Tree by 31.3% during the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company's stock valued at $298,143,000 after purchasing an additional 947,580 shares during the last quarter. Norges Bank acquired a new position in shares of Dollar Tree in the fourth quarter valued at about $171,149,000. Finally, Madison Investment Advisors LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth about $113,315,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director William W. Douglas III purchased 701 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on DLTR. Truist Financial set a $84.00 price target on shares of Dollar Tree in a report on Thursday, March 27th. Wells Fargo & Company increased their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Loop Capital restated a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Evercore ISI increased their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research report on Thursday, March 27th. Finally, Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $76.00 to $103.00 in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $81.84.

Dollar Tree Price Performance

DLTR traded up $5.93 during midday trading on Friday, hitting $79.14. 7,221,420 shares of the company traded hands, compared to its average volume of 3,923,640. The business has a 50 day simple moving average of $70.91 and a two-hundred day simple moving average of $70.39. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $124.81. The company has a market capitalization of $17.02 billion, a price-to-earnings ratio of -16.59, a PEG ratio of 2.16 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the firm posted $2.55 earnings per share. The company's quarterly revenue was up .7% on a year-over-year basis. On average, equities 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.