TD Private Client Wealth LLC Increases Stock Holdings in Dollar Tree, Inc. $DLTR

TD Private Client Wealth LLC increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 164.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 264 shares of the company’s stock after acquiring an additional 164 shares during the period. TD Private Client Wealth LLC’s holdings in Dollar Tree were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Dollar Tree by 69.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock worth $439,025,000 after purchasing an additional 2,400,586 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of Dollar Tree by 1,055.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,322,189 shares of the company’s stock valued at $174,327,000 after acquiring an additional 2,121,149 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Dollar Tree by 21.4% in the first quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company’s stock worth $723,788,000 after purchasing an additional 1,701,344 shares during the last quarter. Maverick Capital Ltd. bought a new stake in Dollar Tree during the first quarter valued at approximately $69,890,000. Finally, Alliancebernstein L.P. raised its position in shares of Dollar Tree by 155.1% during the 1st quarter. Alliancebernstein L.P. now owns 1,353,050 shares of the company’s stock valued at $101,573,000 after buying an additional 822,694 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Dollar Tree from $96.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. Jefferies Financial Group assumed coverage on shares of Dollar Tree in a research report on Thursday, July 17th. They issued a “hold” rating and a $106.00 target price on the stock. The Goldman Sachs Group downgraded shares of Dollar Tree from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, June 5th. UBS Group reaffirmed a “buy” rating and set a $140.00 price objective on shares of Dollar Tree in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of Dollar Tree in a research note on Wednesday, September 3rd. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $111.29.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $94.37 on Wednesday. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of -6.95, a PEG ratio of 1.71 and a beta of 0.89. The stock has a fifty day moving average of $107.07 and a 200 day moving average of $94.28. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06. 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 (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.38 by $0.39. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The company’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 earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its board has authorized a share buyback program on Wednesday, July 9th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 11.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 4,089 shares in the company, valued at $410,208.48. This trade represents a 22.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.60% of the stock is currently owned by 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.