Bank Pictet & Cie Europe AG Takes $297,000 Position in Dollar Tree, Inc. $DLTR

Key Points

• Bank Pictet & Cie Europe AG has acquired a new stake in Dollar Tree, Inc., purchasing 2,995 shares valued at approximately $297,000 in Q2, reflecting growing institutional interest in the company.
• Dollar Tree's stock has been under scrutiny from analysts, with Piper Sandler and Bank of America lowering their price objectives, while Truist Financial and BMO Capital Markets raised theirs, resulting in a consensus rating of "Hold."
• Dollar Tree announced a $2.50 billion share buyback program, indicating confidence from its board that the stock is currently undervalued.

Bank Pictet & Cie Europe AG purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,995 shares of the company's stock, valued at approximately $297,000.

A number of other large investors have also recently modified their holdings of DLTR. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Dollar Tree during the 4th quarter valued at about $8,315,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Dollar Tree by 21.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,105 shares of the company's stock valued at $682,000 after acquiring an additional 1,588 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Dollar Tree by 155.7% during the 4th quarter. Wellington Management Group LLP now owns 77,886 shares of the company's stock valued at $5,837,000 after acquiring an additional 47,427 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dollar Tree by 121.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock valued at $73,000 after acquiring an additional 534 shares during the last quarter. Finally, Kera Capital Partners Inc. boosted its position in shares of Dollar Tree by 10.5% during the 1st quarter. Kera Capital Partners Inc. now owns 3,352 shares of the company's stock valued at $252,000 after acquiring an additional 318 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Piper Sandler decreased their price objective on Dollar Tree from $112.00 to $108.00 and set a "neutral" rating on the stock in a report on Thursday, September 4th. Bank of America raised their price objective on Dollar Tree from $70.00 to $75.00 and gave the company an "underperform" rating in a report on Thursday, September 4th. Truist Financial raised their price objective on Dollar Tree from $127.00 to $129.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Wells Fargo & Company reissued an "overweight" rating on shares of Dollar Tree in a report on Wednesday, September 3rd. Finally, BMO Capital Markets raised their price objective on Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a report on Thursday, June 5th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $111.29.

Insider Buying and Selling

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 stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the transaction, the director directly owned 4,089 shares of the company's stock, valued at $410,208.48. The trade was a 22.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.60% of the stock is owned by company insiders.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $95.06 on Friday. 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 business's 50 day simple moving average is $107.84 and its two-hundred day simple moving average is $93.65. The stock has a market capitalization of $19.39 billion, a P/E ratio of -7.01, a price-to-earnings-growth ratio of 1.71 and a beta of 0.89. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates 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 business's quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree announced that its Board of Directors has authorized a share buyback program on Wednesday, July 9th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 11.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board 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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