Balefire LLC Has $2.83 Million Stake in Dollar Tree, Inc. $DLTR

Key Points

• Balefire LLC significantly increased its stake in Dollar Tree, Inc. by 647.8%, acquiring 24,726 additional shares, bringing its total holdings to 28,543 shares valued at approximately $2.83 million.
• Several institutional investors have recently raised their stakes in Dollar Tree, with Price T Rowe Associates increasing its holdings by 69.6% and Alyeska Investment Group boosting its stake by over 1,000% in the first quarter.
• Analysts have set varied price targets for Dollar Tree, with UBS Group maintaining a "buy" rating and a target price of $140, while the average target price across analysts stands at $109.28.

Balefire LLC lifted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 647.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,543 shares of the company's stock after acquiring an additional 24,726 shares during the period. Balefire LLC's holdings in Dollar Tree were worth $2,827,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group raised its stake in shares of Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after acquiring an additional 158 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Dollar Tree in the 1st quarter valued at approximately $30,000. CX Institutional bought a new position in shares of Dollar Tree in the 1st quarter valued at approximately $43,000. Sentry Investment Management LLC acquired a new stake in Dollar Tree in the 1st quarter valued at approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Dollar Tree by 121.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock valued at $73,000 after buying an additional 534 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. The Goldman Sachs Group lowered Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Cfra Research raised Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. BNP Paribas lowered Dollar Tree from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. Evercore ISI boosted their price target on Dollar Tree from $108.00 to $110.00 and gave the company an "in-line" rating in a research note on Tuesday, August 26th. Finally, Piper Sandler decreased their price target on Dollar Tree from $112.00 to $108.00 and set a "neutral" rating on the stock in a research note on Thursday, September 4th. Eight analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $109.28.

Dollar Tree Price Performance

DLTR traded down $3.00 during trading on Friday, hitting $95.26. The company's stock had a trading volume of 7,096,313 shares, compared to its average volume of 5,012,267. The firm's 50 day moving average price is $109.16 and its two-hundred day moving average price is $92.74. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The stock has a market capitalization of $19.43 billion, a price-to-earnings ratio of -7.02, a price-to-earnings-growth ratio of 1.79 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its 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. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.67 earnings per share. 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 announced that its board has approved a share repurchase plan on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to buy up to 11.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the business'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 completion of the sale, the director owned 4,089 shares in the company, valued at $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.60% of the stock is currently owned by insiders.

About Dollar Tree

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.