Arizona PSPRS Trust Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Arizona PSPRS Trust bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,200 shares of the company’s stock, valued at approximately $1,210,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Strategic Financial Concepts LLC bought a new stake in Dollar Tree during the 2nd quarter worth approximately $26,000. Mather Group LLC. grew its holdings in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares in the last quarter. Eastern Bank purchased a new stake in Dollar Tree in the 3rd quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree during the 2nd quarter valued at $37,000. Finally, First Horizon Advisors Inc. boosted 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 acquiring an additional 284 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Down 0.3 %

DLTR stock opened at $71.27 on Monday. The stock has a 50-day simple moving average of $67.47 and a two-hundred day simple moving average of $88.32. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The firm has a market capitalization of $15.32 billion, a PE ratio of -14.60, a PEG ratio of 2.82 and a beta of 0.87. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. On average, equities analysts predict that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Sanford C. Bernstein started coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 target price for the company. Barclays dropped their target price on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Citigroup reduced their target price on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. UBS Group decreased their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Wells Fargo & Company cut their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $87.95.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares in the company, valued at $670,616.21. This trade represents a 28.86 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.80% of the stock is owned by company insiders.

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.