Ritholtz Wealth Management Purchases Shares of 3,662 Dollar Tree, Inc. $DLTR

Ritholtz Wealth Management purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,662 shares of the company’s stock, valued at approximately $363,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its position in Dollar Tree by 164.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock valued at $26,000 after buying an additional 164 shares during the period. Brooklyn Investment Group boosted its position in Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after buying an additional 158 shares during the period. Zions Bancorporation National Association UT purchased a new position in Dollar Tree in the 1st quarter valued at approximately $30,000. Ameritas Advisory Services LLC purchased a new position in Dollar Tree in the 2nd quarter valued at approximately $43,000. Finally, Trust Co. of Toledo NA OH purchased a new position in Dollar Tree in the 2nd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $99.02 on Tuesday. The company’s fifty day moving average price is $100.46 and its 200 day moving average price is $96.59. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. The firm has a market capitalization of $20.20 billion, a P/E ratio of -7.30, a P/E/G ratio of 1.70 and a beta of 0.85.

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

Dollar Tree declared that its board has approved a share repurchase plan on Wednesday, July 9th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 11.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

DLTR has been the subject of several recent analyst reports. Evercore ISI lifted their price objective on shares of Dollar Tree from $90.00 to $105.00 and gave the stock an “in-line” rating in a research report on Thursday, October 16th. Morgan Stanley lifted their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Wells Fargo & Company decreased their price objective on shares of Dollar Tree from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, October 10th. Truist Financial lifted their price objective on shares of Dollar Tree from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Finally, Wolfe Research initiated coverage on shares of Dollar Tree in a research report on Thursday, September 18th. They set a “peer perform” rating for the company. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $110.26.

Insider Buying and Selling

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction on Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the transaction, the director directly owned 4,089 shares in the company, valued at approximately $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.60% of the stock is owned by corporate insiders.

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.