Aberdeen Group plc Boosts Holdings in Dollar Tree, Inc. $DLTR

Key Points

• Aberdeen Group plc increased its holdings in Dollar Tree by 4.6%, now owning 137,779 shares valued at approximately $13.6 million.
• Major institutional investors like Vanguard Group Inc. and T. Rowe Price Investment Management have also boosted their stakes in Dollar Tree, reflecting strong interest from hedge funds.
• Dollar Tree's quarterly earnings surpassed expectations with $0.77 earnings per share, and the company is currently offering a stock repurchase program worth $2.5 billion.

Aberdeen Group plc grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,779 shares of the company's stock after purchasing an additional 6,060 shares during the quarter. Aberdeen Group plc owned 0.07% of Dollar Tree worth $13,646,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Dollar Tree by 1.7% in the first quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company's stock valued at $1,789,648,000 after purchasing an additional 389,490 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Dollar Tree by 0.7% in the first 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. lifted its stake in Dollar Tree by 21.4% in the first 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in 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 worth $439,025,000 after acquiring an additional 2,400,586 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Dollar Tree by 8.8% in the first quarter. Invesco Ltd. now owns 3,529,998 shares of the company's stock worth $264,997,000 after acquiring an additional 286,910 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Buying and Selling

In related news, Director Stephanie Stahl sold 1,185 shares of the company's stock in a transaction 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 completion of the sale, the director owned 4,089 shares in the company, valued at $410,208.48. This represents a 22.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DLTR has been the subject of a number of recent research reports. UBS Group reiterated a "buy" rating and issued a $140.00 price target on shares of Dollar Tree in a research note on Tuesday, August 26th. JPMorgan Chase & Co. lifted their price target on shares of Dollar Tree from $138.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, September 4th. Guggenheim decreased their price target on shares of Dollar Tree from $130.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, September 8th. Telsey Advisory Group reiterated an "outperform" rating and issued a $130.00 price target on shares of Dollar Tree in a research note on Thursday, September 4th. Finally, Morgan Stanley boosted their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Dollar Tree presently has a consensus rating of "Hold" and a consensus price target of $109.18.

Dollar Tree Stock Up 3.2%

Shares of NASDAQ:DLTR opened at $95.58 on Wednesday. The company has a market capitalization of $19.50 billion, a PE ratio of -7.04, a P/E/G ratio of 1.69 and a beta of 0.85. 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 twelve month low of $60.49 and a twelve month high of $118.06. The firm has a 50 day simple moving average of $102.03 and a 200-day simple moving average of $95.76.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share 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 business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. The company's revenue 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. On average, equities analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its board has approved a stock repurchase plan on Wednesday, July 9th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the company to reacquire up to 11.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors 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.

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