2,676 Shares in Dollar Tree, Inc. $DLTR Acquired by Wedmont Private Capital

Wedmont Private Capital acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,676 shares of the company’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vident Advisory LLC raised its position in Dollar Tree by 11.3% during the 4th quarter. Vident Advisory LLC now owns 3,975 shares of the company’s stock worth $298,000 after buying an additional 402 shares during the last quarter. Woodline Partners LP purchased a new position in Dollar Tree during the 4th quarter worth approximately $910,000. Forum Financial Management LP purchased a new position in Dollar Tree during the 4th quarter worth approximately $340,000. Polar Asset Management Partners Inc. raised its position in Dollar Tree by 100.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 107,200 shares of the company’s stock worth $8,034,000 after buying an additional 53,600 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Dollar Tree during the 4th quarter worth approximately $8,315,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 3.1%

NASDAQ:DLTR opened at $95.26 on Monday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. The firm has a market capitalization of $19.43 billion, a P/E ratio of -7.02, a P/E/G ratio of 1.73 and a beta of 0.89. 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 business has a 50 day simple moving average of $109.16 and a 200 day simple moving average of $93.06.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.39. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The firm’s quarterly 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. Equities research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its Board of Directors has approved a share 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 reacquire up to 11.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

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

Analysts Set New Price Targets

Several research firms have recently weighed in on DLTR. Morgan Stanley lifted 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. Citigroup lowered their target price on shares of Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Bank of America lifted their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. boosted their price target on shares of Dollar Tree from $138.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, September 4th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price objective on shares of Dollar Tree in a report on Thursday, September 4th. Eight research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $109.28.

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.