Scotia Capital Inc. Buys 975 Shares of Dollar Tree, Inc. $DLTR

Scotia Capital Inc. raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,649 shares of the company’s stock after acquiring an additional 975 shares during the quarter. Scotia Capital Inc.’s holdings in Dollar Tree were worth $5,903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DLTR. TD Private Client Wealth LLC increased its holdings in shares of Dollar Tree by 164.0% in the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock valued at $26,000 after purchasing an additional 164 shares in the last quarter. Brooklyn Investment Group boosted its position in Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after buying an additional 158 shares during the last quarter. True Wealth Design LLC increased its stake in shares of Dollar Tree by 372.5% in the 2nd quarter. True Wealth Design LLC now owns 378 shares of the company’s stock valued at $37,000 after buying an additional 298 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Dollar Tree in the 1st quarter valued at $30,000. Finally, MTM Investment Management LLC bought a new stake in shares of Dollar Tree during the second quarter worth $42,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLTR has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on Dollar Tree from $130.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of Dollar Tree in a research note on Thursday, October 30th. Truist Financial increased their price objective on shares of Dollar Tree from $127.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. New Street Research set a $103.00 target price on shares of Dollar Tree in a research report on Thursday, October 16th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Dollar Tree in a research note on Thursday, October 16th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $108.63.

Dollar Tree Trading Up 0.9%

Shares of NASDAQ DLTR opened at $110.79 on Friday. Dollar Tree, Inc. has a twelve month low of $61.80 and a twelve month high of $118.06. The stock has a market cap of $22.60 billion, a price-to-earnings ratio of -8.16, a P/E/G ratio of 1.75 and a beta of 0.86. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The company’s fifty day moving average is $98.63 and its 200-day moving average is $101.45.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.38 by $0.39. The business had revenue of $4.57 billion for 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%.The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $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 EPS for the current year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 1,260 shares of Dollar Tree stock in a transaction that occurred 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 transaction, the insider 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 SEC, which is available through the SEC website. Also, Director Stephanie Stahl sold 1,185 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the transaction, the director owned 4,089 shares of the company’s stock, valued at $410,208.48. This trade represents a 22.47% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 6.60% of the company’s stock.

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.