Janus Henderson Group PLC lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 5.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,669,173 shares of the company’s stock after selling 104,412 shares during the period. Janus Henderson Group PLC owned approximately 0.70% of Dollar Tree worth $179,252,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Dollar Tree by 5.6% in the first quarter. BlackRock Inc. now owns 19,341,470 shares of the company’s stock valued at $2,031,629,000 after buying an additional 1,024,134 shares during the period. Jackson Square Partners LLC boosted its stake in shares of Dollar Tree by 55.9% in the first quarter. Jackson Square Partners LLC now owns 6,599,870 shares of the company’s stock valued at $693,250,000 after buying an additional 2,367,545 shares during the period. Geode Capital Management LLC boosted its stake in shares of Dollar Tree by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 3,194,952 shares of the company’s stock valued at $288,077,000 after buying an additional 245,852 shares during the period. Northern Trust Corp boosted its stake in shares of Dollar Tree by 1.9% in the first quarter. Northern Trust Corp now owns 2,926,656 shares of the company’s stock valued at $307,416,000 after buying an additional 55,213 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Dollar Tree by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,290,268 shares of the company’s stock valued at $206,803,000 after buying an additional 205,319 shares during the period. Institutional investors own 94.21% of the company’s stock.

DLTR has been the subject of several recent research reports. BidaskClub cut Dollar Tree from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. KeyCorp reiterated an “overweight” rating and issued a $115.00 price target (up from $108.00) on shares of Dollar Tree in a research note on Friday, May 31st. BMO Capital Markets cut their price target on Dollar Tree from $105.00 to $102.00 and set a “market perform” rating for the company in a research note on Friday, May 31st. TheStreet cut Dollar Tree from a “b-” rating to a “c+” rating in a research note on Wednesday, July 31st. Finally, Deutsche Bank cut Dollar Tree from a “buy” rating to a “hold” rating and cut their price target for the company from $106.00 to $99.00 in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $103.93.

NASDAQ DLTR traded down $1.65 on Wednesday, hitting $92.95. 41,698 shares of the company’s stock were exchanged, compared to its average volume of 2,211,047. The business has a 50-day moving average price of $104.73. The company has a current ratio of 1.07, a quick ratio of 0.23 and a debt-to-equity ratio of 1.45. Dollar Tree, Inc. has a 52 week low of $78.78 and a 52 week high of $113.38. The company has a market cap of $21.40 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.75 and a beta of 0.52.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, May 30th. The company reported $1.14 earnings per share for the quarter, hitting the consensus estimate of $1.14. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.78 billion. Dollar Tree had a positive return on equity of 19.13% and a negative net margin of 6.43%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.16 EPS for the current year.

In other news, insider David A. Jacobs sold 8,672 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $107.63, for a total transaction of $933,367.36. Following the completion of the transaction, the insider now directly owns 7,733 shares in the company, valued at $832,302.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joshua R. Jewett sold 3,632 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $101.67, for a total transaction of $369,265.44. Following the transaction, the insider now owns 6,262 shares of the company’s stock, valued at $636,657.54. The disclosure for this sale can be found here. Insiders have sold 75,789 shares of company stock valued at $8,203,018 over the last quarter. Company insiders own 1.40% of the company’s stock.

About Dollar Tree

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: Intrinsic Value and Stock Selection

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

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