Maryland State Retirement & Pension System Sells 523 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Maryland State Retirement & Pension System reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,193 shares of the company’s stock after selling 523 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Dollar Tree were worth $839,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DLTR. Madison Investment Advisors LLC bought a new stake in shares of Dollar Tree in the fourth quarter valued at about $113,315,000. Primecap Management Co. CA raised its holdings in Dollar Tree by 31.3% in the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock valued at $298,143,000 after acquiring an additional 947,580 shares in the last quarter. State Street Corp grew its holdings in shares of Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after purchasing an additional 596,191 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Dollar Tree by 45.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock worth $95,994,000 after purchasing an additional 425,245 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Dollar Tree by 111.0% during the fourth quarter. Natixis Advisors LLC now owns 650,493 shares of the company’s stock valued at $48,748,000 after purchasing an additional 342,196 shares during the period. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on DLTR. BMO Capital Markets boosted their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a research note on Thursday, March 6th. UBS Group cut their price target on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday. Loop Capital lifted their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Guggenheim dropped their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $84.26.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $66.75 on Monday. 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 firm has a 50 day simple moving average of $71.15 and a 200 day simple moving average of $70.12. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $137.14. The firm has a market cap of $14.35 billion, a P/E ratio of -13.99, a P/E/G ratio of 2.16 and a beta of 0.91.

Dollar Tree Profile

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.