Voya Investment Management LLC Acquires 274 Shares of Dollar Tree, Inc. $DLTR

Voya Investment Management LLC grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 59,365 shares of the company’s stock after buying an additional 274 shares during the quarter. Voya Investment Management LLC’s holdings in Dollar Tree were worth $4,457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brooklyn Investment Group increased its position in Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after purchasing an additional 158 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Dollar Tree during the 1st quarter valued at about $30,000. CX Institutional bought a new stake in shares of Dollar Tree during the 1st quarter valued at about $43,000. Sentry Investment Management LLC bought a new stake in shares of Dollar Tree during the 1st quarter valued at about $48,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake 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 purchasing an additional 534 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Dollar Tree from $138.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, September 4th. Wolfe Research began coverage on Dollar Tree in a research note on Thursday. They issued a “peer perform” rating on the stock. BNP Paribas cut shares of Dollar Tree from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Morgan Stanley boosted their target price on shares of Dollar Tree from $96.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Finally, Cfra Research raised shares of Dollar Tree to a “hold” rating in a research report on Wednesday, May 28th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $109.28.

Insider Activity at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was 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 trade 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 through this hyperlink. Company insiders own 6.60% of the company’s stock.

Dollar Tree Stock Down 3.1%

NASDAQ DLTR opened at $95.26 on Friday. The stock has a market cap of $19.43 billion, a PE ratio of -7.02, a P/E/G ratio of 1.79 and a beta of 0.89. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The stock’s 50 day moving average is $109.16 and its 200 day moving average is $92.74.

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

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

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.