Cresset Asset Management LLC Has $368,000 Stock Position in Dollar Tree, Inc. $DLTR

Cresset Asset Management LLC trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 20.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 4,903 shares of the company’s stock after selling 1,294 shares during the period. Cresset Asset Management LLC’s holdings in Dollar Tree were worth $368,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Ethic Inc. grew its position in Dollar Tree by 4.7% during the 1st quarter. Ethic Inc. now owns 45,325 shares of the company’s stock worth $3,415,000 after acquiring an additional 2,028 shares during the last quarter. Aberdeen Group plc grew its position in Dollar Tree by 99.7% during the 1st quarter. Aberdeen Group plc now owns 131,719 shares of the company’s stock worth $9,821,000 after acquiring an additional 65,771 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Dollar Tree by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,634,993 shares of the company’s stock worth $197,765,000 after acquiring an additional 6,883 shares during the last quarter. Horizon Investments LLC grew its position 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 acquiring an additional 140 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in Dollar Tree by 71,183.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 8,554 shares of the company’s stock worth $642,000 after acquiring an additional 8,542 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Piper Sandler boosted their price objective on Dollar Tree from $93.00 to $112.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 19th. Truist Financial boosted their price objective on Dollar Tree from $109.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price target on shares of Dollar Tree from $111.00 to $138.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. UBS Group lifted their price target on shares of Dollar Tree from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Thursday, May 29th. Finally, Evercore ISI lifted their price target on shares of Dollar Tree from $104.00 to $108.00 and gave the stock an “in-line” rating in a report on Tuesday, August 12th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $100.89.

Dollar Tree Price Performance

DLTR stock opened at $113.32 on Monday. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of -8.18, a PEG ratio of 2.42 and a beta of 0.88. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. The company’s fifty day simple moving average is $108.53 and its 200 day simple moving average is $88.84.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.05. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.52 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. Dollar Tree’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. On average, analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

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

Insider Transactions at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $94.62, for a total value of $1,989,480.12. Following the transaction, the chief marketing officer owned 50,419 shares in the company, valued at $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.60% of the stock is currently owned by insiders.

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.