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

Public Employees Retirement System of Ohio lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new stake in Dollar Tree in the second quarter valued at about $26,000. Eastern Bank acquired a new position in Dollar Tree during the 3rd quarter worth approximately $34,000. First Horizon Advisors Inc. lifted its holdings in shares of Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the period. Blue Trust Inc. lifted its holdings in shares of Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after buying an additional 274 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Dollar Tree in the third quarter valued at approximately $48,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Jefferies Financial Group raised their target price on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Loop Capital raised their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Telsey Advisory Group restated a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a research report on Wednesday, December 4th. Barclays dropped their target price on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Finally, Truist Financial boosted their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Dollar Tree currently has an average rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Performance

Shares of DLTR opened at $70.09 on Friday. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. The company’s 50 day simple moving average is $67.69 and its 200 day simple moving average is $85.48. The company has a market capitalization of $15.07 billion, a price-to-earnings ratio of -14.69, a PEG ratio of 2.28 and a beta of 0.92. 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 issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.