HighTower Advisors LLC Purchases 4,458 Shares of Dollar Tree, Inc. $DLTR

HighTower Advisors LLC lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 50.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,256 shares of the company’s stock after purchasing an additional 4,458 shares during the period. HighTower Advisors LLC’s holdings in Dollar Tree were worth $995,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DLTR. Zions Bancorporation National Association UT bought a new position in Dollar Tree during the first quarter valued at $30,000. CX Institutional purchased a new position in shares of Dollar Tree during the 1st quarter valued at $43,000. Sentry Investment Management LLC purchased a new position in shares of Dollar Tree during the 1st quarter valued at $48,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Dollar Tree by 121.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company’s stock valued at $73,000 after buying an additional 534 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Dollar Tree by 70.6% during the 1st quarter. IFP Advisors Inc now owns 1,211 shares of the company’s stock valued at $91,000 after buying an additional 501 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DLTR shares. BMO Capital Markets upped their price target on Dollar Tree from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Thursday, June 5th. UBS Group reaffirmed a “buy” rating and set a $140.00 price target on shares of Dollar Tree in a research report on Tuesday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $95.00 price target on shares of Dollar Tree in a research report on Wednesday, June 4th. Evercore ISI upped their price target on Dollar Tree from $108.00 to $110.00 and gave the company an “in-line” rating in a research report on Tuesday. Finally, Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Dollar Tree in a research report on Thursday, June 5th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Dollar Tree has an average rating of “Hold” and a consensus price target of $102.68.

Dollar Tree Stock Performance

Shares of DLTR opened at $111.98 on Wednesday. The stock’s 50-day simple moving average is $109.05 and its 200 day simple moving average is $89.27. The stock has a market capitalization of $23.37 billion, a price-to-earnings ratio of -8.08, a price-to-earnings-growth ratio of 2.39 and a beta of 0.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $118.06.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%.The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 EPS. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. Research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its Board of Directors has authorized a share repurchase program on Wednesday, July 9th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 11.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the transaction, the chief marketing officer directly owned 50,419 shares in the company, valued at $4,770,645.78. This represents a 29.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is owned by corporate 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.