Fiduciary Wealth Partners LLC Has $343,000 Position in Dollar Tree, Inc. $DLTR

Fiduciary Wealth Partners LLC lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4,650.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,468 shares of the company’s stock after purchasing an additional 3,395 shares during the quarter. Fiduciary Wealth Partners LLC’s holdings in Dollar Tree were worth $343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its stake in Dollar Tree by 50.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock worth $1,030,000 after buying an additional 4,619 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Dollar Tree by 4.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,086 shares of the company’s stock worth $1,283,000 after acquiring an additional 733 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Dollar Tree by 5.2% in the first quarter. Asset Management One Co. Ltd. now owns 82,448 shares of the company’s stock valued at $6,189,000 after acquiring an additional 4,107 shares during the last quarter. Bessemer Group Inc. increased its stake in Dollar Tree by 510.1% in the first quarter. Bessemer Group Inc. now owns 2,117 shares of the company’s stock valued at $159,000 after acquiring an additional 1,770 shares during the last quarter. Finally, Perigon Wealth Management LLC acquired a new position in Dollar Tree during the first quarter valued at approximately $222,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

DLTR stock opened at $99.05 on Friday. The company has a market capitalization of $20.20 billion, a P/E ratio of -7.30, a PEG ratio of 1.71 and a beta of 0.85. The company has a fifty day moving average price of $99.29 and a 200-day moving average price of $97.22. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $118.06.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (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 during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the business earned $0.67 EPS. The company’s revenue 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, equities analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree announced that its board has approved a share repurchase program on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to purchase up to 11.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Guggenheim decreased their price target on Dollar Tree from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, September 8th. Barclays raised Dollar Tree from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $95.00 to $138.00 in a research note on Monday, July 21st. BNP Paribas downgraded Dollar Tree from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Evercore ISI set a $100.00 price target on shares of Dollar Tree in a research note on Tuesday. Finally, Citigroup decreased their price target on shares of Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $110.00.

Insider Activity

In related news, insider Robert Aflatooni sold 1,260 shares of the firm’s stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction that occurred on Friday, September 5th. The stock was 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 of the company’s stock, valued at approximately $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.60% of the stock is owned by corporate insiders.

Dollar Tree Company 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.