Tabor Asset Management LP Invests $2.18 Million in Dollar Tree, Inc. $DLTR

Tabor Asset Management LP 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 Securities and Exchange Commission. The fund purchased 22,003 shares of the company’s stock, valued at approximately $2,179,000. Dollar Tree accounts for 1.5% of Tabor Asset Management LP’s holdings, making the stock its 25th largest position.

Other large investors have also made changes to their positions in the company. Horizon Investments LLC lifted its holdings in Dollar Tree by 5.1% during the first quarter. Horizon Investments LLC now owns 2,905 shares of the company’s stock worth $218,000 after acquiring an additional 140 shares in the last quarter. Applied Finance Capital Management LLC raised its position in shares of Dollar Tree by 2.6% during the second quarter. Applied Finance Capital Management LLC now owns 5,507 shares of the company’s stock worth $545,000 after purchasing an additional 140 shares during the period. Compton Wealth Advisory Group LLC lifted its holdings 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 valued at $3,423,000 after purchasing an additional 148 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after purchasing an additional 158 shares in the last quarter. Finally, Bridgewater Advisors Inc. grew its position in shares of Dollar Tree by 5.1% in the 2nd quarter. Bridgewater Advisors Inc. now owns 3,294 shares of the company’s stock valued at $326,000 after purchasing an additional 160 shares during the period. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on DLTR shares. Barclays upgraded shares of Dollar Tree from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $95.00 to $138.00 in a report on Monday, July 21st. Telsey Advisory Group restated an “outperform” rating and set a $130.00 price objective on shares of Dollar Tree in a report on Thursday, October 16th. Bank of America upped their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 4th. Truist Financial lifted their price target on Dollar Tree from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Finally, Guggenheim cut their price target on Dollar Tree from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, September 8th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Dollar Tree has an average rating of “Hold” and a consensus price target of $110.00.

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 transaction of $119,322.00. Following the transaction, the insider owned 21,402 shares of the company’s stock, valued at $2,026,769.40. The trade was a 5.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction that occurred 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 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 SEC filing for this sale provides additional information. 6.60% of the stock is owned by insiders.

Dollar Tree Trading Up 3.7%

Shares of NASDAQ:DLTR opened at $105.74 on Friday. The company’s 50-day moving average price is $97.25 and its two-hundred day moving average price is $99.12. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06. The stock has a market capitalization of $21.57 billion, a PE ratio of -7.79, a price-to-earnings-growth ratio of 1.75 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share 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 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 company 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. On average, equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.