Atria Wealth Solutions Inc. Makes New $1.64 Million Investment in Dollar Tree, Inc. $DLTR

Key Points

• Atria Wealth Solutions Inc. invested approximately $1.64 million to acquire 16,560 shares of Dollar Tree, reflecting institutional interest in the company's stock during the second quarter.
• Dollar Tree's stock has seen significant changes in analyst ratings, with price targets dropped by firms like Jefferies Financial Group and Citigroup, now ranging from $70 to $130.
• The company reported a quarterly earnings beat, achieving $0.77 EPS against an expected $0.38 EPS, with revenues of $4.57 billion, a year-over-year increase of 12.3%.

Atria Wealth Solutions Inc. bought a new position 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. The institutional investor bought 16,560 shares of the company's stock, valued at approximately $1,640,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DLTR. TD Private Client Wealth LLC grew its holdings in shares of Dollar Tree by 164.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company's stock worth $26,000 after acquiring an additional 164 shares during the period. Brooklyn Investment Group grew its holdings in shares of Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after acquiring an additional 158 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of Dollar Tree during the 1st quarter worth approximately $30,000. CX Institutional purchased a new position in Dollar Tree during the 1st quarter valued at about $43,000. Finally, Ameritas Advisory Services LLC purchased a new position in Dollar Tree during the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of recent research reports. Jefferies Financial Group reissued an "underperform" rating and set a $70.00 price target (down from $110.00) on shares of Dollar Tree in a research report on Tuesday, October 7th. Sanford C. Bernstein dropped their price target on Dollar Tree from $109.00 to $100.00 and set a "market perform" rating on the stock in a research report on Monday, October 6th. Evercore ISI dropped their price target on Dollar Tree from $105.00 to $102.00 and set an "in-line" rating on the stock in a research report on Tuesday, October 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of Dollar Tree in a research report on Wednesday, October 8th. Finally, Citigroup dropped their price target on Dollar Tree from $130.00 to $124.00 and set a "buy" rating on the stock in a research report on Thursday, September 4th. Eight 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $109.18.

Dollar Tree Stock Performance

DLTR stock opened at $95.97 on Thursday. The stock has a market capitalization of $19.58 billion, a PE ratio of -7.07, a price-to-earnings-growth ratio of 1.74 and a beta of 0.85. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. The stock's 50 day simple moving average is $101.62 and its 200 day simple moving average is $95.76.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.39. The business had revenue of $4.57 billion for the quarter, compared to analysts' expectations of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, research 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 authorized a stock repurchase plan 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 shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the 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 of the company's stock, valued at $410,208.48. This represents a 22.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.60% of the company's stock.

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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