Federated Hermes Inc. Has $1.70 Million Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Federated Hermes Inc. lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 61.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,963 shares of the company’s stock after acquiring an additional 4,573 shares during the period. Federated Hermes Inc.’s holdings in Dollar Tree were worth $1,699,000 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. Annis Gardner Whiting Capital Advisors LLC bought a new position in Dollar Tree during the 3rd quarter worth about $26,000. Operose Advisors LLC acquired a new stake in Dollar Tree in the 3rd quarter valued at approximately $34,000. Turtle Creek Wealth Advisors LLC bought a new stake in Dollar Tree in the 4th quarter valued at approximately $35,000. City State Bank lifted its stake in Dollar Tree by 200.0% in the 4th quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after acquiring an additional 200 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new position in Dollar Tree during the 4th quarter worth approximately $52,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

In related news, CFO Jeffrey A. Davis bought 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The shares were bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at approximately $2,590,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Daniel J. Heinrich bought 1,000 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the acquisition, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jeffrey A. Davis purchased 1,800 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were bought at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares in the company, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Dollar Tree Trading Down 2.4 %

DLTR stock opened at $118.81 on Tuesday. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $161.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The company’s 50-day simple moving average is $133.62 and its 200 day simple moving average is $129.31. The company has a market capitalization of $25.90 billion, a PE ratio of -25.72, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.04 earnings per share. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DLTR shares. JPMorgan Chase & Co. boosted their price objective on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $150.00 to $140.00 in a research note on Wednesday, April 3rd. BMO Capital Markets reduced their price target on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, March 14th. Evercore ISI decreased their price target on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Finally, Guggenheim upped their price objective on Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.05.

Dollar Tree Company 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.