Public Employees Retirement System of Ohio Sells 3,518 Shares of Dollar Tree, Inc. (DLTR)

Public Employees Retirement System of Ohio reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.3% during the 2nd quarter, Holdings Channel reports. The firm owned 102,812 shares of the company’s stock after selling 3,518 shares during the period. Public Employees Retirement System of Ohio’s holdings in Dollar Tree were worth $8,739,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Dollar Tree by 3.2% in the 2nd quarter. FMR LLC now owns 19,156,070 shares of the company’s stock worth $1,628,266,000 after purchasing an additional 600,688 shares during the last quarter. BlackRock Inc. raised its stake in Dollar Tree by 0.4% during the 2nd quarter. BlackRock Inc. now owns 14,726,245 shares of the company’s stock worth $1,251,728,000 after buying an additional 64,736 shares during the period. Macquarie Group Ltd. raised its stake in Dollar Tree by 12.4% during the 2nd quarter. Macquarie Group Ltd. now owns 7,717,972 shares of the company’s stock worth $656,029,000 after buying an additional 852,139 shares during the period. Akre Capital Management LLC raised its stake in Dollar Tree by 4.0% during the 2nd quarter. Akre Capital Management LLC now owns 5,032,556 shares of the company’s stock worth $427,767,000 after buying an additional 195,691 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Dollar Tree by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 4,115,126 shares of the company’s stock worth $390,525,000 after buying an additional 16,447 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

Several analysts recently commented on DLTR shares. Telsey Advisory Group dropped their price objective on Dollar Tree from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, June 1st. Barclays reaffirmed a “buy” rating and set a $105.00 price objective on shares of Dollar Tree in a research note on Friday, June 1st. Morgan Stanley dropped their price objective on Dollar Tree from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, June 1st. JPMorgan Chase & Co. dropped their price objective on Dollar Tree from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, June 1st. Finally, Credit Suisse Group dropped their price objective on Dollar Tree from $114.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, June 1st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Dollar Tree currently has an average rating of “Hold” and a consensus price target of $101.49.

DLTR opened at $84.36 on Thursday. Dollar Tree, Inc. has a 1 year low of $79.17 and a 1 year high of $116.65. The stock has a market capitalization of $20.28 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.09 and a beta of 0.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 2.24.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.01). Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The firm had revenue of $5.53 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same period in the prior year, the business earned $0.99 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. analysts expect that Dollar Tree, Inc. will post 5.5 EPS for the current fiscal year.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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