1ST Source Bank Acquires New Holdings in Dollar Tree, Inc. $DLTR

1ST Source Bank bought a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,272 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DLTR. LBP AM SA acquired a new position in Dollar Tree during the 2nd quarter worth $7,742,000. IFM Investors Pty Ltd increased its holdings in shares of Dollar Tree by 7.5% during the second quarter. IFM Investors Pty Ltd now owns 38,021 shares of the company’s stock valued at $3,766,000 after purchasing an additional 2,666 shares during the period. Bastion Asset Management Inc. bought a new stake in shares of Dollar Tree during the first quarter valued at about $3,585,000. Empower Advisory Group LLC lifted its holdings in Dollar Tree by 8.0% in the first quarter. Empower Advisory Group LLC now owns 821,288 shares of the company’s stock worth $61,654,000 after purchasing an additional 60,865 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Dollar Tree by 6.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,471,865 shares of the company’s stock worth $110,493,000 after purchasing an additional 85,508 shares during the period. Institutional investors own 97.40% of the company’s stock.

Insider Activity at Dollar Tree

In other 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 completion of the sale, the director owned 4,089 shares of the company’s stock, valued at $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert Aflatooni sold 1,260 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 21,402 shares in the company, valued at $2,026,769.40. The trade was a 5.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

DLTR has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Dollar Tree in a research note on Thursday, October 30th. Barclays upgraded shares of Dollar Tree from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $95.00 to $138.00 in a report on Monday, July 21st. Citigroup dropped their target price on Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Bank of America increased their price target on Dollar Tree from $70.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 4th. Finally, Evercore ISI set a $100.00 price objective on Dollar Tree in a research note on Tuesday, October 21st. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $110.00.

Dollar Tree Price Performance

NASDAQ DLTR opened at $105.74 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The company has a market cap of $21.57 billion, a PE ratio of -7.79, a PEG ratio of 1.75 and a beta of 0.86. The stock’s 50-day moving average price is $97.25 and its two-hundred day moving average price is $99.35.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping 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 last year, the company posted $0.67 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.