MassMutual Private Wealth & Trust FSB Boosts Stock Holdings in Dollar Tree, Inc. $DLTR

MassMutual Private Wealth & Trust FSB grew its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 31.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,276 shares of the company’s stock after buying an additional 302 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Dollar Tree were worth $126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Vident Advisory LLC increased its stake in shares of Dollar Tree by 11.3% in the 4th quarter. Vident Advisory LLC now owns 3,975 shares of the company’s stock worth $298,000 after purchasing an additional 402 shares in the last quarter. Woodline Partners LP bought a new stake in Dollar Tree during the 4th quarter worth approximately $910,000. USS Investment Management Ltd bought a new stake in Dollar Tree during the 4th quarter worth approximately $2,877,000. Forum Financial Management LP bought a new stake in Dollar Tree during the 4th quarter worth approximately $340,000. Finally, Polar Asset Management Partners Inc. raised its position in shares of Dollar Tree by 100.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 107,200 shares of the company’s stock valued at $8,034,000 after purchasing an additional 53,600 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

DLTR opened at $95.26 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. The firm has a fifty day moving average price of $109.16 and a 200 day moving average price of $92.74. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The stock has a market cap of $19.43 billion, a P/E ratio of -7.02, a P/E/G ratio of 1.79 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.39. The company had revenue of $4.57 billion during 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree declared that its Board of Directors has authorized a stock buyback program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the company to reacquire up to 11.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have recently commented on DLTR shares. Jefferies Financial Group started coverage on shares of Dollar Tree in a research report on Thursday, July 17th. They set a “hold” rating and a $106.00 price objective on the stock. Barclays upgraded shares of Dollar Tree from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $95.00 to $138.00 in a research report on Monday, July 21st. Cfra Research raised Dollar Tree to a “hold” rating in a research note on Wednesday, May 28th. Guggenheim dropped their price objective on shares of Dollar Tree from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, September 8th. Finally, Gordon Haskett cut shares of Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 price target for the company. in a research note on Wednesday, September 3rd. Eight investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $109.28.

Insider Activity at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the sale, the director directly owned 4,089 shares in the company, valued at $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.60% of the stock is owned by company insiders.

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.