Kentucky Retirement Systems decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,076 shares of the company’s stock after selling 1,540 shares during the quarter. Kentucky Retirement Systems’ holdings in Dollar Tree were worth $990,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in DLTR. Strategic Financial Concepts LLC bought a new position in Dollar Tree during the 2nd quarter worth $26,000. Mather Group LLC. increased its position in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the period. Eastern Bank bought a new position in shares of Dollar Tree in the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar Tree in the second quarter worth $37,000. Finally, Blue Trust Inc. increased its position in shares of Dollar Tree by 174.5% in the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.
Insider Buying and Selling
In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 6.80% of the stock is currently owned by corporate insiders.
Dollar Tree Trading Down 2.5 %
Dollar Tree (NASDAQ:DLTR – Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate 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 negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, equities analysts expect that Dollar Tree, Inc. will post 5.35 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Truist Financial decreased their target price on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley decreased their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. BMO Capital Markets cut their price target on Dollar Tree from $68.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday. Sanford C. Bernstein assumed coverage on Dollar Tree in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price target on the stock. Finally, UBS Group cut their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $87.95.
View Our Latest Research Report on DLTR
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.
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