Assenagon Asset Management S.A. Has $36.54 Million Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Assenagon Asset Management S.A. lowered its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 31.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 486,718 shares of the company's stock after selling 220,120 shares during the period. Assenagon Asset Management S.A. owned about 0.23% of Dollar Tree worth $36,538,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Dollar Tree by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock worth $1,757,360,000 after purchasing an additional 163,368 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Dollar Tree by 5.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock worth $743,461,000 after purchasing an additional 533,920 shares in the last quarter. Capital International Investors increased its holdings in Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after purchasing an additional 2,023,819 shares in the last quarter. EdgePoint Investment Group Inc. increased its holdings in Dollar Tree by 14.4% in the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock worth $595,036,000 after purchasing an additional 1,000,637 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in Dollar Tree by 382.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock worth $488,974,000 after purchasing an additional 5,173,238 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Trading Down 0.9%

NASDAQ DLTR traded down $0.90 during trading hours on Friday, hitting $95.19. 2,999,460 shares of the company's stock were exchanged, compared to its average volume of 4,208,997. The stock has a 50-day simple moving average of $84.83 and a 200 day simple moving average of $76.32. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $109.36. The firm has a market cap of $19.87 billion, a price-to-earnings ratio of -19.96, a PEG ratio of 2.16 and a beta of 0.84. 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 (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The firm's revenue was up 11.3% on a year-over-year basis. On average, equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the completion of the sale, the chief marketing officer now owns 50,419 shares of the company's stock, valued at approximately $4,770,645.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the sale, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at $316,055.70. This trade represents a 22.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,441 shares of company stock valued at $2,095,333 over the last 90 days. Company insiders own 6.60% of the company's stock.

Analysts Set New Price Targets

DLTR has been the subject of a number of recent research reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $95.00 target price on shares of Dollar Tree in a report on Wednesday, June 4th. JPMorgan Chase & Co. raised Dollar Tree from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $72.00 to $111.00 in a report on Thursday, June 5th. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and upped their target price for the stock from $76.00 to $103.00 in a report on Monday, April 7th. Bank of America decreased their price target on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley raised their price objective on Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $90.26.

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.