IFG Advisory LLC Takes $286,000 Position in Dollar Tree, Inc. $DLTR

IFG Advisory LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,888 shares of the company’s stock, valued at approximately $286,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LBP AM SA acquired a new position in shares of Dollar Tree during the 2nd quarter worth $7,742,000. IFM Investors Pty Ltd boosted its holdings in Dollar Tree by 7.5% during the second quarter. IFM Investors Pty Ltd now owns 38,021 shares of the company’s stock worth $3,766,000 after buying an additional 2,666 shares in the last quarter. Bastion Asset Management Inc. acquired a new position in Dollar Tree during the first quarter worth about $3,585,000. Empower Advisory Group LLC increased its holdings in Dollar Tree by 8.0% in the first quarter. Empower Advisory Group LLC now owns 821,288 shares of the company’s stock valued at $61,654,000 after buying an additional 60,865 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Dollar Tree by 6.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,471,865 shares of the company’s stock valued at $110,493,000 after acquiring an additional 85,508 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction 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 transaction, the director owned 4,089 shares of the company’s stock, valued at $410,208.48. This represents a 22.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert Aflatooni sold 1,260 shares of Dollar Tree stock in a transaction on Friday, October 17th. The shares were sold at an average price of $94.70, for a total value of $119,322.00. Following the completion of the sale, the insider directly owned 21,402 shares of the company’s stock, valued at approximately $2,026,769.40. This represents a 5.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 6.60% of the company’s stock.

Dollar Tree Trading Up 1.7%

Dollar Tree stock opened at $100.85 on Tuesday. The stock has a 50-day moving average price of $97.89 and a 200 day moving average price of $98.72. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06. The stock has a market cap of $20.57 billion, a PE ratio of -7.43, a P/E/G ratio of 1.75 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67.

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. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its board has initiated a share repurchase plan on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 11.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Truist Financial upped their price target on Dollar Tree from $127.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. BNP Paribas lowered Dollar Tree from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. New Street Research set a $103.00 price target on Dollar Tree in a research report on Thursday, October 16th. Citigroup decreased their price objective on shares of Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 price objective on shares of Dollar Tree in a research note on Thursday, October 16th. Nine equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and an average price target of $110.00.

About Dollar Tree

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.