Mutual Advisors LLC Acquires Shares of 2,406 Dollar Tree, Inc. $DLTR

Mutual Advisors LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, HoldingsChannel.com reports. The fund acquired 2,406 shares of the company’s stock, valued at approximately $238,000.

Other large investors also recently modified their holdings of the company. LBP AM SA purchased a new stake in shares of Dollar Tree in the 2nd quarter valued at approximately $7,742,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Dollar Tree by 50.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock valued at $1,030,000 after buying an additional 4,619 shares during the last quarter. McGinn Penninger Investment Management Inc. grew its position in shares of Dollar Tree by 13.2% in the 1st quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company’s stock valued at $5,149,000 after buying an additional 8,015 shares during the last quarter. IFM Investors Pty Ltd grew its position in shares of Dollar Tree by 7.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 38,021 shares of the company’s stock valued at $3,766,000 after buying an additional 2,666 shares during the last quarter. Finally, Bastion Asset Management Inc. purchased a new position in shares of Dollar Tree in the 1st quarter valued at $3,585,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 0.1%

Shares of Dollar Tree stock opened at $98.95 on Wednesday. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. The company has a market capitalization of $20.18 billion, a P/E ratio of -7.29, a PEG ratio of 1.74 and a beta of 0.85. The company’s fifty day moving average is $100.16 and its two-hundred day moving average is $96.61.

Dollar Tree (NASDAQ:DLTR) last released its 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 company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter last year, the business earned $0.67 EPS. The business’s revenue was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its Board of Directors has approved a stock buyback plan on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to reacquire up to 11.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the firm’s 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 completion of the sale, the director owned 4,089 shares in the company, valued at approximately $410,208.48. This trade represents a 22.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Aflatooni sold 1,260 shares of the firm’s stock in a transaction on Friday, October 17th. The stock was sold at an average price of $94.70, for a total transaction of $119,322.00. Following the completion of the sale, the insider owned 21,402 shares of the company’s stock, valued at $2,026,769.40. This trade represents a 5.56% decrease in their position. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Gordon Haskett downgraded shares of Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 target price on the stock. in a research report on Wednesday, September 3rd. Barclays raised shares of Dollar Tree from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $95.00 to $138.00 in a research report on Monday, July 21st. BNP Paribas downgraded shares of Dollar Tree from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Wells Fargo & Company dropped their target price on shares of Dollar Tree from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, October 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Dollar Tree in a research report on Thursday, October 16th. Nine investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $110.00.

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.