Korea Investment CORP Reduces Stock Position in Dollar Tree, Inc. $DLTR

Korea Investment CORP reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 27.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,053 shares of the company’s stock after selling 56,819 shares during the period. Korea Investment CORP owned approximately 0.07% of Dollar Tree worth $15,059,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers boosted its holdings in Dollar Tree by 17.4% in the 1st quarter. Cetera Investment Advisers now owns 13,264 shares of the company’s stock valued at $996,000 after purchasing an additional 1,963 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Dollar Tree by 4.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,353 shares of the company’s stock worth $3,330,000 after buying an additional 1,953 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Dollar Tree by 5.4% during the 1st quarter. LPL Financial LLC now owns 99,280 shares of the company’s stock worth $7,453,000 after acquiring an additional 5,104 shares during the last quarter. Mackenzie Financial Corp increased its stake in Dollar Tree by 35.8% in the first quarter. Mackenzie Financial Corp now owns 83,929 shares of the company’s stock valued at $6,301,000 after acquiring an additional 22,139 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Dollar Tree in the 1st quarter worth about $600,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Up 0.9%

Shares of Dollar Tree stock opened at $110.79 on Friday. The stock has a market capitalization of $22.60 billion, a PE ratio of -8.16, a price-to-earnings-growth ratio of 1.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. The company has a 50-day simple moving average of $98.63 and a two-hundred day simple moving average of $101.45. Dollar Tree, Inc. has a 52-week low of $61.80 and a 52-week high of $118.06.

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

Insider Transactions at Dollar Tree

In other news, insider Robert Aflatooni sold 1,260 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were 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 represents 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 Dollar Tree 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 in the company, valued at $410,208.48. This represents a 22.47% decrease in their position. The SEC filing for this sale provides additional information. 6.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DLTR shares. Gordon Haskett cut shares of 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. Jefferies Financial Group reissued an “underperform” rating and issued a $70.00 price target (down previously from $110.00) on shares of Dollar Tree in a report on Tuesday, October 7th. Wolfe Research assumed coverage on shares of Dollar Tree in a report on Thursday, September 18th. They issued a “peer perform” rating for the company. The Goldman Sachs Group reaffirmed a “sell” rating and set a $103.00 target price (down previously from $133.00) on shares of Dollar Tree in a research note on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Dollar Tree in a report on Thursday, October 30th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $108.63.

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.