Envestnet Asset Management Inc. Trims Stock Holdings in Dollar Tree, Inc. $DLTR

Envestnet Asset Management Inc. decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 31.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,515 shares of the company’s stock after selling 101,681 shares during the quarter. Envestnet Asset Management Inc. owned 0.11% of Dollar Tree worth $22,038,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DLTR. Price T Rowe Associates Inc. MD grew its position in Dollar Tree by 69.6% during the 1st 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. raised its holdings in Dollar Tree by 1,055.1% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,322,189 shares of the company’s stock worth $174,327,000 after purchasing an additional 2,121,149 shares during the period. EdgePoint Investment Group Inc. increased its holdings in 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. Maverick Capital Ltd. acquired a new position in shares of Dollar Tree during the first quarter valued at approximately $69,890,000. Finally, Alliancebernstein L.P. raised its stake in Dollar Tree by 155.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,353,050 shares of the company’s stock valued at $101,573,000 after purchasing an additional 822,694 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Evercore ISI set a $100.00 price target on Dollar Tree in a report on Tuesday, October 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Dollar Tree in a report on Thursday, October 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Dollar Tree in a research report on Thursday, October 16th. The Goldman Sachs Group set a $133.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a report on Monday, October 20th. Finally, UBS Group restated a “buy” rating and issued a $140.00 target price on shares of Dollar Tree in a report on Tuesday, August 26th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $110.00.

Insider Buying and Selling at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the sale, the director directly owned 4,089 shares in the company, valued at $410,208.48. The trade was a 22.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Aflatooni sold 1,260 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $94.70, for a total value of $119,322.00. Following the completion of the sale, the insider directly owned 21,402 shares in the company, valued at approximately $2,026,769.40. The trade was a 5.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 6.60% of the company’s stock.

Dollar Tree Stock Up 1.2%

DLTR stock opened at $102.07 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. The company has a fifty day moving average of $97.69 and a 200-day moving average of $98.88. The stock has a market capitalization of $20.82 billion, a PE ratio of -7.52, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating 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 firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The company’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. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree announced that its Board of Directors has approved a share buyback plan on Wednesday, July 9th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the company to buy up to 11.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.