New York State Teachers Retirement System Has $15.91 Million Stock Holdings in Dollar Tree, Inc. $DLTR

New York State Teachers Retirement System trimmed its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,594 shares of the company’s stock after selling 157 shares during the quarter. New York State Teachers Retirement System’s holdings in Dollar Tree were worth $15,905,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Horizon Investments LLC increased its holdings in shares of Dollar Tree by 5.1% during the 1st quarter. Horizon Investments LLC now owns 2,905 shares of the company’s stock worth $218,000 after acquiring an additional 140 shares during the last quarter. Compton Wealth Advisory Group LLC raised its holdings in Dollar Tree by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 34,561 shares of the company’s stock valued at $3,423,000 after acquiring an additional 148 shares in the last quarter. Brooklyn Investment Group lifted its position in Dollar Tree by 79.0% during the first quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock worth $27,000 after purchasing an additional 158 shares during the period. Private Trust Co. NA boosted its position in shares of Dollar Tree by 11.6% during the 1st quarter. Private Trust Co. NA now owns 1,527 shares of the company’s stock worth $115,000 after acquiring an additional 159 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Dollar Tree by 164.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock valued at $26,000 after purchasing an additional 164 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $96.44 on Friday. The stock’s 50 day moving average is $100.77 and its 200-day moving average is $96.17. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of -7.11, a PEG ratio of 1.76 and a beta of 0.85.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.39. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its board has approved a stock buyback plan on Wednesday, July 9th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 11.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup decreased their target price on shares of Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. BNP Paribas downgraded shares of Dollar Tree from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Telsey Advisory Group restated an “outperform” rating and set a $130.00 target price on shares of Dollar Tree in a research report on Thursday. Barclays upgraded Dollar Tree from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $95.00 to $138.00 in a report on Monday, July 21st. Finally, Guggenheim reduced their price objective on shares of Dollar Tree from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, September 8th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $109.00.

Insider Activity at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the transaction, the director owned 4,089 shares in the company, valued at approximately $410,208.48. This represents a 22.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.60% of the stock is owned by corporate insiders.

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.