Fifth Third Bancorp Buys 1,291 Shares of Dollar Tree, Inc. $DLTR

Fifth Third Bancorp grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,471 shares of the company’s stock after purchasing an additional 1,291 shares during the period. Fifth Third Bancorp’s holdings in Dollar Tree were worth $1,136,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Dollar Tree by 21.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,105 shares of the company’s stock valued at $682,000 after purchasing an additional 1,588 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Dollar Tree by 155.7% during the 4th quarter. Wellington Management Group LLP now owns 77,886 shares of the company’s stock worth $5,837,000 after buying an additional 47,427 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Dollar Tree by 121.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company’s stock valued at $73,000 after acquiring an additional 534 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Dollar Tree by 330.9% in the first quarter. Versant Capital Management Inc now owns 1,741 shares of the company’s stock valued at $131,000 after acquiring an additional 1,337 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Dollar Tree by 5,689.5% during the first quarter. GAMMA Investing LLC now owns 329,482 shares of the company’s stock worth $24,734,000 after acquiring an additional 323,791 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DLTR shares. JPMorgan Chase & Co. boosted their price target on Dollar Tree from $138.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, September 4th. Truist Financial boosted their target price on shares of Dollar Tree from $127.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Guggenheim cut their price target 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. Telsey Advisory Group restated an “outperform” rating and set a $130.00 price objective on shares of Dollar Tree in a research note on Thursday, September 4th. Finally, Jefferies Financial Group began coverage on Dollar Tree in a research report on Thursday, July 17th. They set a “hold” rating and a $106.00 price target on the stock. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $111.29.

Dollar Tree Trading Up 1.1%

DLTR opened at $95.06 on Monday. The stock has a market capitalization of $19.39 billion, a price-to-earnings ratio of -7.01, a P/E/G ratio of 1.73 and a beta of 0.89. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06. The company has a 50-day simple moving average of $107.84 and a 200 day simple moving average of $94.07.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results 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 company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the previous year, the company earned $0.67 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other Dollar Tree 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 sale, the director owned 4,089 shares of the company’s stock, valued at approximately $410,208.48. This trade represents a 22.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.60% of the stock is owned by insiders.

Dollar Tree Company 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.