Janus Henderson Group PLC decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,669,173 shares of the company’s stock after selling 104,412 shares during the quarter. Janus Henderson Group PLC’s holdings in Dollar Tree were worth $179,252,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in Dollar Tree by 47.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock valued at $32,000 after acquiring an additional 97 shares in the last quarter. Berman Capital Advisors LLC lifted its position in Dollar Tree by 52.5% in the 1st quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock valued at $32,000 after acquiring an additional 105 shares in the last quarter. Bremer Bank National Association bought a new position in Dollar Tree in the 1st quarter valued at about $45,000. Icon Wealth Partners LLC bought a new position in Dollar Tree in the 1st quarter valued at about $62,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Dollar Tree in the 1st quarter valued at about $63,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.
In other Dollar Tree news, insider Duncan C. Macnaughton sold 9,157 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $102.11, for a total value of $935,021.27. Following the transaction, the insider now owns 9,945 shares in the company, valued at $1,015,483.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas A. Saunders sold 11,470 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $110.52, for a total transaction of $1,267,664.40. Following the completion of the transaction, the director now owns 2,394,164 shares in the company, valued at approximately $264,603,005.28. The disclosure for this sale can be found here. Insiders sold 75,789 shares of company stock worth $8,203,018 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.
Shares of DLTR stock traded down $1.65 during mid-day trading on Wednesday, reaching $92.95. The stock had a trading volume of 41,698 shares, compared to its average volume of 2,211,047. The company has a 50-day moving average price of $104.73. Dollar Tree, Inc. has a 52-week low of $78.78 and a 52-week high of $113.38. The company has a market capitalization of $21.40 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.75 and a beta of 0.52. The company has a quick ratio of 0.23, a current ratio of 1.07 and a debt-to-equity ratio of 1.45.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.14. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. The firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.78 billion. During the same quarter in the previous year, the company earned $1.19 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts forecast that Dollar Tree, Inc. will post 5.16 earnings per share for the current year.
Several equities research analysts have commented on DLTR shares. BidaskClub lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. TheStreet lowered shares of Dollar Tree from a “b-” rating to a “c+” rating in a research note on Wednesday, July 31st. Morgan Stanley decreased their price objective on shares of Dollar Tree from $101.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, June 3rd. Piper Jaffray Companies increased their price objective on shares of Dollar Tree from $113.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Finally, Credit Suisse Group increased their price objective on shares of Dollar Tree from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Dollar Tree currently has an average rating of “Hold” and a consensus target price of $103.93.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
Further Reading: Growth and Income Funds
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