Texas Permanent School Fund Sells 1,843 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Texas Permanent School Fund cut its position in shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 5.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,179 shares of the company’s stock after selling 1,843 shares during the quarter. Texas Permanent School Fund’s holdings in Dollar Tree were worth $4,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DLTR. EdgePoint Investment Group Inc. purchased a new position in Dollar Tree during the fourth quarter worth about $646,253,000. Capital World Investors purchased a new position in Dollar Tree during the fourth quarter worth about $553,637,000. Canada Pension Plan Investment Board boosted its holdings in Dollar Tree by 161.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 4,318,151 shares of the company’s stock worth $606,787,000 after purchasing an additional 2,665,651 shares during the last quarter. Norges Bank purchased a new position in Dollar Tree during the fourth quarter worth about $329,472,000. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in Dollar Tree by 719.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,031,438 shares of the company’s stock worth $285,458,000 after purchasing an additional 1,783,589 shares during the last quarter. 98.54% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

Dollar Tree stock opened at $164.97 on Friday. The firm’s 50 day simple moving average is $161.57 and its 200 day simple moving average is $154.03. The company has a current ratio of 1.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $37.05 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 1.28 and a beta of 0.68. Dollar Tree, Inc. has a 1-year low of $84.26 and a 1-year high of $177.19.

Dollar Tree (NASDAQ:DLTRGet Rating) last posted its earnings results on Thursday, May 26th. The company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.39. The business had revenue of $6.90 billion for the quarter, compared to analyst estimates of $6.77 billion. Dollar Tree had a net margin of 5.57% and a return on equity of 19.71%. Dollar Tree’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 EPS. As a group, analysts expect that Dollar Tree, Inc. will post 8.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on DLTR shares. Morgan Stanley boosted their price target on shares of Dollar Tree from $150.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, May 27th. Barclays boosted their target price on shares of Dollar Tree from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, May 27th. Citigroup boosted their target price on shares of Dollar Tree from $162.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, May 31st. StockNews.com upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st. Finally, Guggenheim boosted their target price on shares of Dollar Tree to $185.00 in a research note on Friday, May 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Dollar Tree has a consensus rating of “Moderate Buy” and a consensus target price of $163.82.

Dollar Tree Profile

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Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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