Wedmont Private Capital Invests $280,000 in Dollar Tree, Inc. $DLTR

Key Points

• Wedmont Private Capital recently acquired 2,676 shares of Dollar Tree, valued at approximately $280,000, signaling continued interest from institutional investors in the company.
• Dollar Tree reported earnings of $0.77 EPS for the last quarter, surpassing analyst expectations and seeing a 12.3% year-over-year revenue increase to $4.57 billion.
• Following the announcement of a $2.5 billion share repurchase plan, analysts have set varied target prices for Dollar Tree, with a consensus rating of "Hold" and an average price target of $109.28.

Wedmont Private Capital purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,676 shares of the company's stock, valued at approximately $280,000.

Other large investors also recently made changes to their positions in the company. Vident Advisory LLC lifted its position in Dollar Tree by 11.3% in the 4th quarter. Vident Advisory LLC now owns 3,975 shares of the company's stock worth $298,000 after buying an additional 402 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Dollar Tree in the 4th quarter valued at approximately $910,000. Forum Financial Management LP acquired a new position in shares of Dollar Tree during the 4th quarter worth $340,000. Polar Asset Management Partners Inc. increased its stake in shares of Dollar Tree by 100.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 107,200 shares of the company's stock worth $8,034,000 after purchasing an additional 53,600 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Dollar Tree during the fourth quarter valued at about $8,315,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the transaction, the director owned 4,089 shares of the company's stock, valued at approximately $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.60% of the stock is currently owned by corporate insiders.

Dollar Tree Price Performance

Shares of DLTR stock traded down $0.78 during trading hours on Monday, reaching $94.48. 3,350,378 shares of the company were exchanged, compared to its average volume of 5,258,426. The company has a market cap of $19.27 billion, a price-to-earnings ratio of -6.96, a P/E/G ratio of 1.73 and a beta of 0.89. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. The stock's fifty day moving average is $109.16 and its two-hundred day moving average is $93.06. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. Dollar Tree'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. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree declared that its board has approved a share buyback program on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to repurchase up to 11.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Dollar Tree in a report on Wednesday, September 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $130.00 price target on shares of Dollar Tree in a research report on Thursday, September 4th. Guggenheim dropped their price target on Dollar Tree from $130.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday, September 8th. UBS Group reaffirmed a "buy" rating and issued a $140.00 price target on shares of Dollar Tree in a research report on Tuesday, August 26th. Finally, BNP Paribas downgraded Dollar Tree from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 4th. Eight research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $109.28.

Dollar Tree 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.