1,500 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Bought by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,500 shares of the company’s stock, valued at approximately $213,000.

Several other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Dollar Tree by 5.1% in the third quarter. Wellington Management Group LLP now owns 2,808,184 shares of the company’s stock valued at $298,931,000 after acquiring an additional 135,826 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Dollar Tree by 1.6% in the third quarter. Canada Pension Plan Investment Board now owns 2,385,299 shares of the company’s stock valued at $253,915,000 after acquiring an additional 36,944 shares in the last quarter. Northern Trust Corp boosted its stake in Dollar Tree by 0.8% in the third quarter. Northern Trust Corp now owns 2,218,405 shares of the company’s stock valued at $236,149,000 after acquiring an additional 16,813 shares in the last quarter. American Century Companies Inc. boosted its stake in Dollar Tree by 11.2% in the third quarter. American Century Companies Inc. now owns 2,111,343 shares of the company’s stock valued at $224,752,000 after acquiring an additional 212,527 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Dollar Tree by 24.7% in the third quarter. Invesco Ltd. now owns 1,966,962 shares of the company’s stock valued at $209,383,000 after acquiring an additional 389,718 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DLTR shares. Guggenheim increased their target price on shares of Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Oppenheimer reiterated a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. Loop Capital decreased their target price on shares of Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Jefferies Financial Group decreased their target price on shares of Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. Finally, BMO Capital Markets cut their price target on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $150.05.

Dollar Tree Trading Up 0.0 %

Shares of Dollar Tree stock opened at $121.74 on Friday. Dollar Tree, Inc. has a 12-month low of $102.77 and a 12-month high of $161.10. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock has a market cap of $26.54 billion, a PE ratio of -26.35, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The company has a 50-day moving average of $134.11 and a two-hundred day moving average of $129.08.

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

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.