9,626 Shares in Dollar Tree, Inc. $DLTR Acquired by WESPAC Advisors LLC

WESPAC Advisors LLC acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,626 shares of the company’s stock, valued at approximately $953,000.

Several other institutional investors also recently modified their holdings of DLTR. Wealth Enhancement Advisory Services LLC grew its position in Dollar Tree by 21.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,105 shares of the company’s stock valued at $682,000 after acquiring an additional 1,588 shares during the last quarter. CX Institutional bought a new position in Dollar Tree during the first quarter valued at approximately $43,000. Fifth Third Bancorp grew its position in Dollar Tree by 8.1% during the first quarter. Fifth Third Bancorp now owns 10,180 shares of the company’s stock valued at $764,000 after acquiring an additional 762 shares during the last quarter. Tobam grew its position in Dollar Tree by 327.8% during the first quarter. Tobam now owns 23,150 shares of the company’s stock valued at $1,738,000 after acquiring an additional 17,739 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE bought a new position in Dollar Tree during the first quarter valued at approximately $1,772,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $85.04 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The firm’s fifty day simple moving average is $104.45 and its 200 day simple moving average is $95.09. The stock has a market cap of $17.35 billion, a P/E ratio of -6.27, a price-to-earnings-growth ratio of 1.59 and a beta of 0.85. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.39. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its Board of Directors has initiated a share buyback plan on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 11.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have commented on DLTR. Guggenheim reduced their price target on shares of Dollar Tree from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, September 8th. Sanford C. Bernstein reduced their price target on shares of Dollar Tree from $109.00 to $100.00 and set a “market perform” rating on the stock in a research report on Monday. Citigroup reduced their price target on shares of Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 target price on shares of Dollar Tree in a report on Thursday, September 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Dollar Tree in a report on Saturday, September 27th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $110.06.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the transaction, the director directly owned 4,089 shares of the company’s stock, valued at approximately $410,208.48. The trade was a 22.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.60% of the company’s stock.

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.