Dollar Tree, Inc. $DLTR Stake Boosted by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC increased its stake in Dollar Tree, Inc. by 119.6%, acquiring an additional 10,940 shares, bringing its total holdings to 20,090 shares valued at approximately $1.5 million.
• Dollar Tree reported a quarterly earnings of $0.77 per share, significantly exceeding analysts' expectations, with revenues rising 12.3% year-over-year to $4.57 billion.
• Current market sentiment reflects mixed analyst ratings, with eight analysts giving a Buy rating and a consensus target price of $106.47 amid various price target adjustments.

Ancora Advisors LLC increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 119.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,090 shares of the company's stock after purchasing an additional 10,940 shares during the quarter. Ancora Advisors LLC's holdings in Dollar Tree were worth $1,508,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in 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 acquiring an additional 389,490 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position 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 valued at $750,323,000 after acquiring an additional 74,230 shares in the last quarter. EdgePoint Investment Group Inc. grew its position in Dollar Tree by 14.4% in the fourth quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock valued at $595,036,000 after acquiring an additional 1,000,637 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position 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 valued at $439,025,000 after acquiring an additional 2,400,586 shares in the last quarter. Finally, Invesco Ltd. grew its position in Dollar Tree by 8.8% in the first quarter. Invesco Ltd. now owns 3,529,998 shares of the company's stock valued at $264,997,000 after acquiring an additional 286,910 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Transactions at Dollar Tree

In related 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 transaction of $118,879.20. Following the transaction, the director directly owned 4,089 shares in the company, valued at $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on DLTR. Barclays raised 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 research report on Monday, July 21st. Bank of America increased their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company an "underperform" rating in a research report on Thursday, September 4th. Truist Financial increased their price objective on shares of Dollar Tree from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Cfra Research raised shares of Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $130.00 price objective on shares of Dollar Tree in a research report on Thursday, September 4th. Eight research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and an average target price of $109.28.

Dollar Tree Stock Up 2.2%

Shares of Dollar Tree stock traded up $2.08 on Wednesday, hitting $98.38. 1,756,689 shares of the company's stock traded hands, compared to its average volume of 4,209,645. The stock has a market cap of $20.07 billion, a P/E ratio of -7.26, a PEG ratio of 1.81 and a beta of 0.89. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The firm's 50-day moving average is $110.32 and its 200 day moving average is $91.49. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $4.46 billion. During the same period last year, the business posted $0.67 earnings per share. The firm'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. Equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree declared that its Board of Directors has initiated a stock buyback program on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 11.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is 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.