Kentucky Retirement Systems Insurance Trust Fund Buys 1,387 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 23.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,369 shares of the company’s stock after acquiring an additional 1,387 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Dollar Tree were worth $552,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in Dollar Tree in the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 210 shares during the last quarter. Eastern Bank bought a new stake in Dollar Tree in the third quarter valued at approximately $34,000. First Horizon Advisors Inc. boosted its holdings in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after acquiring an additional 554 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DLTR has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Truist Financial increased their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, Evercore ISI cut their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.58.

Dollar Tree Trading Up 1.5 %

NASDAQ DLTR opened at $75.62 on Thursday. The firm has a market capitalization of $16.26 billion, a P/E ratio of -15.85, a PEG ratio of 2.03 and a beta of 0.89. The business has a fifty day simple moving average of $72.93 and a 200 day simple moving average of $73.93. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $7.45 billion. During the same period last year, the firm posted $0.97 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree Company 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.