Illinois Municipal Retirement Fund Increases Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Illinois Municipal Retirement Fund increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 12.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,910 shares of the company’s stock after acquiring an additional 11,832 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Dollar Tree worth $8,162,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DLTR. Deseret Mutual Benefit Administrators raised its stake in shares of Dollar Tree by 20.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock valued at $68,000 after purchasing an additional 157 shares in the last quarter. Alan B Lancz & Associates Inc. grew its stake in Dollar Tree by 6.6% in the third quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock worth $229,000 after purchasing an additional 200 shares in the last quarter. AM Squared Ltd increased its holdings in Dollar Tree by 12.5% in the third quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock valued at $127,000 after buying an additional 200 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after buying an additional 284 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on DLTR. KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Loop Capital lifted their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Citigroup boosted their target price on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. BMO Capital Markets raised their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. Finally, StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and an average target price of $85.58.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $74.14 on Thursday. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. The firm has a market cap of $15.94 billion, a P/E ratio of -15.54, a PEG ratio of 2.16 and a beta of 0.89. The stock has a fifty day moving average price of $73.46 and a two-hundred day moving average price of $73.22. 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 (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period in the previous year, the company earned $0.97 earnings per share. Dollar Tree’s revenue was up 3.5% compared to the same quarter last year. Research analysts forecast 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.