Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 35.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,373 shares of the company’s stock after selling 42,658 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dollar Tree were worth $8,154,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DLTR. Avantax Advisory Services Inc. acquired a new stake in shares of Dollar Tree in the 4th quarter worth about $229,000. Janney Montgomery Scott LLC increased its holdings in shares of Dollar Tree by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 43,671 shares of the company’s stock worth $6,203,000 after acquiring an additional 743 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Dollar Tree by 21.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,203 shares of the company’s stock worth $313,000 after acquiring an additional 391 shares during the period. ING Groep NV increased its holdings in shares of Dollar Tree by 6,537.5% in the 4th quarter. ING Groep NV now owns 91,863 shares of the company’s stock worth $13,049,000 after acquiring an additional 90,479 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in Dollar Tree during the 4th quarter valued at about $284,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DLTR. JPMorgan Chase & Co. cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $111.00 to $70.00 in a research note on Wednesday, September 4th. Evercore ISI lowered their target price on shares of Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. Guggenheim lowered their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Telsey Advisory Group lowered their target price on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Finally, Wells Fargo & Company lowered their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $92.53.

Dollar Tree Price Performance

Shares of DLTR opened at $69.70 on Friday. The firm has a market cap of $14.98 billion, a PE ratio of -15.19, a PEG ratio of 2.82 and a beta of 0.87. The firm’s 50 day moving average price is $93.93 and its 200 day moving average price is $112.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree, Inc. has a twelve month low of $60.81 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree 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.