Kentucky Retirement Systems Insurance Trust Fund Increases Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

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

Several other institutional investors and hedge funds also recently made changes to their positions in DLTR. Creative Planning grew its stake in shares of Dollar Tree by 8.6% during the 3rd quarter. Creative Planning now owns 24,673 shares of the company’s stock worth $1,646,000 after acquiring an additional 1,959 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Dollar Tree by 2.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,027 shares of the company’s stock worth $1,408,000 after acquiring an additional 441 shares during the period. Blue Trust Inc. grew its stake in shares of Dollar Tree by 124.4% during the 3rd quarter. Blue Trust Inc. now owns 967 shares of the company’s stock worth $68,000 after acquiring an additional 536 shares during the period. Raymond James & Associates grew its stake in shares of Dollar Tree by 80.6% during the 3rd quarter. Raymond James & Associates now owns 310,084 shares of the company’s stock worth $21,805,000 after acquiring an additional 138,415 shares during the period. Finally, OLD National Bancorp IN grew its stake in shares of Dollar Tree by 118.3% during the 3rd quarter. OLD National Bancorp IN now owns 4,849 shares of the company’s stock worth $341,000 after acquiring an additional 2,628 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of DLTR stock opened at $75.62 on Thursday. The firm has a market cap of $16.26 billion, a P/E ratio of -15.85, a P/E/G ratio of 2.03 and a beta of 0.89. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The business’s 50 day moving average price is $72.93 and its 200-day moving average price is $73.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share 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 company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on DLTR shares. BMO Capital Markets raised their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Guggenheim cut their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Jefferies Financial Group raised their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Truist Financial raised their target price on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their target price on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Seventeen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.