Federated Hermes Inc. Buys 209 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Federated Hermes Inc. raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,367 shares of the company’s stock after purchasing an additional 209 shares during the period. Federated Hermes Inc.’s holdings in Dollar Tree were worth $1,427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ICA Group Wealth Management LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at about $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Dollar Tree during the second quarter valued at approximately $26,000. United Community Bank acquired a new position in shares of Dollar Tree during the fourth quarter worth approximately $27,000. Register Financial Advisors LLC bought a new position in shares of Dollar Tree in the 1st quarter worth $28,000. Finally, Mather Group LLC. grew its position in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the period. 97.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $130.00 to $68.00 in a report on Thursday, September 5th. Citigroup dropped their price target on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company cut their price target on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Evercore ISI lowered their price objective on Dollar Tree from $128.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, September 5th. Finally, Morgan Stanley dropped their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $92.53.

Dollar Tree Stock Down 2.9 %

Dollar Tree stock opened at $71.73 on Friday. The firm has a 50 day moving average price of $90.72 and a 200-day moving average price of $109.87. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a twelve month low of $60.81 and a twelve month high of $151.21. The company has a market capitalization of $15.42 billion, a P/E ratio of -15.63, a P/E/G ratio of 2.82 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced 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). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period last year, the company posted $0.91 earnings per share. Dollar Tree’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts predict that Dollar Tree, Inc. will post 5.33 EPS for the current year.

Insider Activity at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the stock in a transaction dated 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 owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Heinrich acquired 2,200 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by company insiders.

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.