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

Federated Hermes Inc. boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,367 shares of the company’s stock after acquiring 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its position in shares of Dollar Tree by 12.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 40,620 shares of the company’s stock valued at $4,250,000 after purchasing an additional 4,646 shares in the last quarter. Equity Investment Corp grew its position in Dollar Tree by 2.3% during the second quarter. Equity Investment Corp now owns 778,461 shares of the company’s stock worth $83,116,000 after buying an additional 17,141 shares in the last quarter. Private Wealth Partners LLC increased its stake in Dollar Tree by 84.8% in the 2nd quarter. Private Wealth Partners LLC now owns 4,250 shares of the company’s stock worth $454,000 after acquiring an additional 1,950 shares during the last quarter. American Century Companies Inc. increased its stake in Dollar Tree by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock worth $213,958,000 after acquiring an additional 124,021 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Dollar Tree in the 2nd quarter valued at about $1,449,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Down 2.9 %

Shares of DLTR opened at $71.73 on Friday. The firm has a fifty day simple moving average of $90.72 and a two-hundred day simple moving average of $109.87. Dollar Tree, Inc. has a twelve month low of $60.81 and a twelve month high of $151.21. The stock has a market capitalization of $15.42 billion, a P/E ratio of -15.63, a PEG ratio of 2.82 and a beta of 0.87. 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 (NASDAQ:DLTR) last posted its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DLTR shares. Truist Financial cut their price objective on Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, September 5th. StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Guggenheim lowered their price objective on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Citigroup cut their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, UBS Group lowered their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus price target of $92.53.

Insider Transactions at Dollar Tree

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

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.