Illinois Municipal Retirement Fund Has $13.04 Million Holdings in Dollar Tree, Inc. $DLTR

Illinois Municipal Retirement Fund raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 29.0% during the second quarter, HoldingsChannel.com reports. The fund owned 131,624 shares of the company’s stock after purchasing an additional 29,566 shares during the period. Illinois Municipal Retirement Fund’s holdings in Dollar Tree were worth $13,036,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in Dollar Tree by 24.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 324,196 shares of the company’s stock worth $24,337,000 after purchasing an additional 63,615 shares in the last quarter. Greenleaf Trust bought a new stake in shares of Dollar Tree during the first quarter worth $219,000. Xponance Inc. grew its stake in shares of Dollar Tree by 2.8% during the first quarter. Xponance Inc. now owns 29,534 shares of the company’s stock worth $2,217,000 after buying an additional 806 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of Dollar Tree during the first quarter worth $227,000. Finally, New York State Common Retirement Fund lifted its stake in shares of Dollar Tree by 5.2% in the 1st quarter. New York State Common Retirement Fund now owns 112,312 shares of the company’s stock valued at $8,431,000 after acquiring an additional 5,600 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DLTR shares. Evercore ISI set a $100.00 price objective on Dollar Tree in a research report on Tuesday, October 21st. Telsey Advisory Group restated an “outperform” rating and set a $130.00 price target on shares of Dollar Tree in a report on Thursday, October 16th. Bank of America raised their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 4th. Wolfe Research initiated coverage on shares of Dollar Tree in a report on Thursday, September 18th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley upped their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, September 5th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $110.00.

Dollar Tree Stock Up 0.5%

Dollar Tree stock opened at $106.29 on Tuesday. The firm has a market cap of $21.68 billion, a price-to-earnings ratio of -7.83, a PEG ratio of 1.75 and a beta of 0.86. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $118.06. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. The firm has a 50 day moving average price of $97.19 and a two-hundred day moving average price of $99.53.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.39. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the company posted $0.67 earnings per share. Dollar Tree’s revenue for the quarter was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Insider Activity

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the sale, the director directly owned 4,089 shares in the company, valued at approximately $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Aflatooni sold 1,260 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $94.70, for a total value of $119,322.00. Following the completion of the transaction, the insider directly owned 21,402 shares in the company, valued at approximately $2,026,769.40. This trade represents a 5.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.60% of the company’s stock.

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.