Brighton Jones LLC Buys Shares of 5,168 Dollar Tree, Inc. $DLTR

Brighton Jones LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, Holdings Channel reports. The institutional investor purchased 5,168 shares of the company’s stock, valued at approximately $512,000.

Other hedge funds have also modified their holdings of the company. Horizon Investments LLC increased its stake in Dollar Tree by 5.1% during the 1st quarter. Horizon Investments LLC now owns 2,905 shares of the company’s stock worth $218,000 after purchasing an additional 140 shares in the last quarter. Applied Finance Capital Management LLC grew its stake in shares of Dollar Tree by 2.6% during the 2nd quarter. Applied Finance Capital Management LLC now owns 5,507 shares of the company’s stock worth $545,000 after acquiring an additional 140 shares in the last quarter. Compton Wealth Advisory Group LLC grew its stake in shares of Dollar Tree by 0.4% during the 2nd quarter. Compton Wealth Advisory Group LLC now owns 34,561 shares of the company’s stock worth $3,423,000 after acquiring an additional 148 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after buying an additional 158 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Dollar Tree by 11.6% in the first quarter. Private Trust Co. NA now owns 1,527 shares of the company’s stock valued at $115,000 after buying an additional 159 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 1,260 shares of the business’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 value of $119,322.00. Following the transaction, the insider directly owned 21,402 shares of the company’s stock, valued at approximately $2,026,769.40. The trade was a 5.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephanie Stahl sold 1,185 shares of the company’s 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 transaction, the director directly owned 4,089 shares in the company, valued at $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Jefferies Financial Group reaffirmed an “underperform” rating and set a $70.00 price target (down previously from $110.00) on shares of Dollar Tree in a report on Tuesday, October 7th. UBS Group reissued a “buy” rating and set a $140.00 target price on shares of Dollar Tree in a report on Tuesday, August 26th. Wells Fargo & Company dropped their price target on Dollar Tree from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, October 10th. Bank of America lifted their target price on Dollar Tree from $70.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 4th. Finally, New Street Research set a $103.00 target price on Dollar Tree in a research report on Thursday, October 16th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $110.00.

Dollar Tree Price Performance

Dollar Tree stock opened at $101.33 on Thursday. The stock’s 50 day moving average is $98.67 and its 200 day moving average is $98.02. 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 cap of $20.67 billion, a P/E ratio of -7.47, a P/E/G ratio of 1.77 and a beta of 0.85. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.39. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. 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, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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

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.