Janus Henderson Group PLC Buys 8,670 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Janus Henderson Group PLC grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,853,432 shares of the company’s stock after acquiring an additional 8,670 shares during the period. Janus Henderson Group PLC’s holdings in Dollar Tree were worth $138,897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DLTR. Geller Advisors LLC bought a new stake in shares of Dollar Tree in the fourth quarter worth $233,000. Gotham Asset Management LLC grew its stake in shares of Dollar Tree by 72.6% in the fourth quarter. Gotham Asset Management LLC now owns 44,621 shares of the company’s stock worth $3,344,000 after purchasing an additional 18,764 shares during the last quarter. Graham Capital Management L.P. bought a new stake in shares of Dollar Tree in the fourth quarter worth $387,000. Focus Partners Wealth grew its stake in shares of Dollar Tree by 16.3% in the fourth quarter. Focus Partners Wealth now owns 10,433 shares of the company’s stock worth $782,000 after purchasing an additional 1,465 shares during the last quarter. Finally, Fund 1 Investments LLC bought a new stake in shares of Dollar Tree in the fourth quarter worth $7,041,000. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DLTR. Truist Financial boosted their price objective on shares of Dollar Tree from $84.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Bank of America cut their price target on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 8th. Telsey Advisory Group upped their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday, March 27th. Finally, Guggenheim reaffirmed a “buy” rating and set a $100.00 price target (up previously from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $82.68.

Insider Buying and Selling

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated 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 owns 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William W. Douglas III acquired 701 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70% increase in their position. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by company insiders.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $89.00 on Tuesday. The firm’s 50-day moving average price is $74.29 and its 200-day moving average price is $72.12. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $123.17. The firm has a market capitalization of $19.14 billion, a P/E ratio of -18.66, a P/E/G ratio of 2.16 and a beta of 0.87. 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) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the company earned $2.55 EPS. The company’s revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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.