Allspring Global Investments Holdings LLC Has $929,000 Stake in Dollar Tree, Inc. $DLTR

Allspring Global Investments Holdings LLC reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 6.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,151 shares of the company’s stock after selling 627 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Dollar Tree were worth $929,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of DLTR. Vanguard Group Inc. grew its holdings in Dollar Tree by 1.7% during the first quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company’s stock worth $1,789,648,000 after buying an additional 389,490 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Dollar Tree by 0.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company’s stock worth $750,323,000 after acquiring an additional 74,230 shares during the last quarter. EdgePoint Investment Group Inc. grew its stake in shares of Dollar Tree by 21.4% in the 1st quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company’s stock worth $723,788,000 after acquiring an additional 1,701,344 shares in the last quarter. Price T Rowe Associates Inc. MD raised 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 valued at $439,025,000 after purchasing an additional 2,400,586 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Dollar Tree by 8.8% during the first quarter. Invesco Ltd. now owns 3,529,998 shares of the company’s stock valued at $264,997,000 after purchasing an additional 286,910 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Aflatooni sold 1,260 shares of Dollar Tree stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $94.70, for a total value of $119,322.00. Following the transaction, the insider directly owned 21,402 shares of the company’s stock, valued at $2,026,769.40. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

Dollar Tree Stock Up 1.5%

DLTR stock opened at $100.47 on Thursday. The stock has a fifty day moving average of $99.86 and a 200-day moving average of $96.63. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The company has a market capitalization of $20.49 billion, a price-to-earnings ratio of -7.40, a PEG ratio of 1.74 and a beta of 0.85. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.39. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, equities research analysts predict 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 permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 11.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have commented on DLTR. Sanford C. Bernstein reiterated a “market perform” rating on shares of Dollar Tree in a research note on Thursday, October 16th. JPMorgan Chase & Co. upped their target price on Dollar Tree from $138.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, September 4th. Barclays upgraded Dollar Tree from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $138.00 in a report on Monday, July 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Dollar Tree in a research note on Wednesday, October 8th. Finally, UBS Group reiterated a “buy” rating and set a $140.00 target price on shares of Dollar Tree in a research note on Tuesday, August 26th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $110.00.

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.