Public Employees Retirement System of Ohio Cuts Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Public Employees Retirement System of Ohio lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 6.1% in the third quarter, Holdings Channel.com reports. The fund owned 73,452 shares of the company’s stock after selling 4,748 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Dollar Tree were worth $5,165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Raymond James Trust N.A. lifted its holdings in shares of Dollar Tree by 2.5% during the 2nd quarter. Raymond James Trust N.A. now owns 4,996 shares of the company’s stock valued at $533,000 after acquiring an additional 124 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Dollar Tree by 35.2% in the second quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock valued at $69,000 after purchasing an additional 171 shares during the period. UMB Bank n.a. lifted its stake in shares of Dollar Tree by 52.0% during the second quarter. UMB Bank n.a. now owns 535 shares of the company’s stock worth $57,000 after purchasing an additional 183 shares in the last quarter. Alan B Lancz & Associates Inc. boosted its position in shares of 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 buying an additional 200 shares during the period. Finally, AM Squared Ltd grew its stake in shares of 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 in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Trading Down 1.0 %

NASDAQ DLTR opened at $70.09 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a 50-day simple moving average of $67.69 and a 200-day simple moving average of $85.48. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. The firm has a market capitalization of $15.07 billion, a PE ratio of -14.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly 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 negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DLTR shares. Truist Financial upped 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. Melius Research initiated coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They issued a “hold” rating and a $70.00 target price for the company. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Loop Capital upped their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, UBS Group dropped their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Seventeen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $85.58.

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.