Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.22 Million Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,971 shares of the company’s stock after selling 1,013 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Dollar Tree were worth $3,220,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Royal London Asset Management Ltd. increased its position in Dollar Tree by 3.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 84,175 shares of the company’s stock worth $6,308,000 after purchasing an additional 2,786 shares during the last quarter. RD Lewis Holdings Inc. acquired a new position in Dollar Tree in the 4th quarter worth about $417,000. Primecap Management Co. CA increased its position in Dollar Tree by 31.3% in the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock worth $298,143,000 after purchasing an additional 947,580 shares during the last quarter. Signaturefd LLC increased its position in Dollar Tree by 31.5% in the 4th quarter. Signaturefd LLC now owns 4,397 shares of the company’s stock worth $330,000 after purchasing an additional 1,054 shares during the last quarter. Finally, Cibc World Markets Corp increased its position in Dollar Tree by 7.8% in the 4th quarter. Cibc World Markets Corp now owns 79,397 shares of the company’s stock worth $5,950,000 after purchasing an additional 5,717 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Price Performance

Shares of DLTR stock opened at $66.75 on Monday. The stock has a 50 day moving average of $71.15 and a two-hundred day moving average of $70.12. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $137.14. The company has a market capitalization of $14.35 billion, a P/E ratio of -13.99, a P/E/G ratio of 2.16 and a beta of 0.91.

Analyst Ratings Changes

DLTR has been the topic of a number of analyst reports. Guggenheim lowered their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Piper Sandler reissued a “neutral” rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Wells Fargo & Company lowered their price objective on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Loop Capital increased their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, UBS Group lowered their price objective on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Friday. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $84.26.

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.