Candriam S.C.A. Decreases Position in Dollar Tree, Inc. $DLTR

Candriam S.C.A. reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 39.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,207 shares of the company’s stock after selling 8,653 shares during the period. Candriam S.C.A.’s holdings in Dollar Tree were worth $1,308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DLTR. Price T Rowe Associates Inc. MD increased its position in shares of Dollar Tree by 69.6% during 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 in the last quarter. Alyeska Investment Group L.P. boosted its stake in 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 worth $174,327,000 after purchasing an additional 2,121,149 shares during the last quarter. EdgePoint Investment Group Inc. grew its holdings in shares of Dollar Tree by 21.4% during the first quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company’s stock worth $723,788,000 after buying an additional 1,701,344 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Dollar Tree in the first quarter valued at about $69,890,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Dollar Tree by 155.1% in the first quarter. Alliancebernstein L.P. now owns 1,353,050 shares of the company’s stock worth $101,573,000 after buying an additional 822,694 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DLTR. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Dollar Tree in a research note on Thursday, October 16th. JPMorgan Chase & Co. increased their price target on Dollar Tree from $138.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, September 4th. BNP Paribas lowered Dollar Tree from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Barclays upgraded Dollar Tree from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $95.00 to $138.00 in a report on Monday, July 21st. Finally, UBS Group reiterated a “buy” rating and set a $140.00 price target on shares of Dollar Tree in a report on Tuesday, August 26th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $108.63.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 1,260 shares of the business’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $94.70, for a total transaction of $119,322.00. Following the sale, the insider directly owned 21,402 shares in the company, valued at $2,026,769.40. This represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephanie Stahl sold 1,185 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the transaction, the director directly owned 4,089 shares of the company’s stock, valued at approximately $410,208.48. The trade was a 22.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 6.60% of the stock is currently owned by insiders.

Dollar Tree Trading Down 1.0%

Shares of DLTR stock opened at $103.67 on Tuesday. The company has a 50-day moving average of $97.39 and a two-hundred day moving average of $100.37. The firm has a market cap of $21.15 billion, a PE ratio of -7.64, a price-to-earnings-growth ratio of 1.75 and a beta of 0.86. Dollar Tree, Inc. has a 1-year low of $61.70 and a 1-year high of $118.06. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter last year, the company posted $0.67 EPS. The firm’s quarterly revenue 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.