LRI Investments LLC Sells 445 Shares of Dollar Tree, Inc. $DLTR

LRI Investments LLC decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 30.6% during the 2nd quarter, Holdings Channel reports. The firm owned 1,009 shares of the company’s stock after selling 445 shares during the quarter. LRI Investments LLC’s holdings in Dollar Tree were worth $100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Horizon Investments LLC raised 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 buying an additional 140 shares during the period. Compton Wealth Advisory Group LLC raised its stake in 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 buying an additional 148 shares during the period. Brooklyn Investment Group raised its stake in Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock worth $27,000 after buying an additional 158 shares during the period. Private Trust Co. NA raised its stake in Dollar Tree by 11.6% during the 1st quarter. Private Trust Co. NA now owns 1,527 shares of the company’s stock worth $115,000 after buying an additional 159 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in Dollar Tree by 164.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock worth $26,000 after buying an additional 164 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $92.59 on Tuesday. The company has a market cap of $18.89 billion, a PE ratio of -6.82, a price-to-earnings-growth ratio of 1.59 and a beta of 0.85. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06. The business has a 50 day moving average price of $102.43 and a 200-day moving average price of $95.76. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67.

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

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

Analysts Set New Price Targets

DLTR has been the topic of a number of research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 price target on shares of Dollar Tree in a research note on Thursday, September 4th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $70.00 price target (down from $110.00) on shares of Dollar Tree in a research note on Tuesday, October 7th. UBS Group reaffirmed a “buy” rating and set a $140.00 price target on shares of Dollar Tree in a research note on Tuesday, August 26th. Morgan Stanley increased their price objective on Dollar Tree from $96.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Finally, Gordon Haskett downgraded Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 price objective for the company. in a research note on Wednesday, September 3rd. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $109.18.

Insider Activity at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $100.32, for a total transaction 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. This trade represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.60% of the company’s stock.

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.