Castleview Partners LLC Acquires New Position in Dollar Tree, Inc. $DLTR

Key Points

• Castleview Partners LLC has acquired a new stake in Dollar Tree, Inc., purchasing 3,046 shares valued at around $302,000 in the second quarter.
• Despite recent favorable earnings results, several analysts have downgraded Dollar Tree's stock, reflecting a cautionary outlook with ratings shifting from "strong-buy" to "sell."
• The company has announced a **stock repurchase program** authorizing up to $2.50 billion in buybacks, indicating that management believes the stock is undervalued.

Castleview Partners LLC acquired 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 acquired 3,046 shares of the company's stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC lifted its holdings in Dollar Tree by 164.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company's stock valued at $26,000 after buying an additional 164 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Dollar Tree by 80.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 112,620 shares of the company's stock valued at $11,154,000 after purchasing an additional 50,347 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Dollar Tree by 28.8% in the 2nd quarter. Ballentine Partners LLC now owns 3,890 shares of the company's stock valued at $385,000 after purchasing an additional 870 shares in the last quarter. Cigna Investments Inc. New bought a new stake in shares of Dollar Tree in the 2nd quarter valued at about $201,000. Finally, Fifth Third Bancorp raised its holdings in shares of Dollar Tree by 12.7% in the 2nd quarter. Fifth Third Bancorp now owns 11,471 shares of the company's stock valued at $1,136,000 after purchasing an additional 1,291 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

DLTR has been the subject of several recent research reports. The Goldman Sachs Group lowered shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Gordon Haskett lowered shares of Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price target for the company. in a report on Wednesday, September 3rd. BNP Paribas downgraded shares of Dollar Tree from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 4th. Bank of America lifted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an "underperform" rating in a research report on Thursday, September 4th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of Dollar Tree in a research report on Wednesday, September 3rd. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Dollar Tree has a consensus rating of "Hold" and a consensus price target of $111.29.

Dollar Tree Stock Up 1.3%

NASDAQ:DLTR opened at $95.90 on Thursday. The company has a market cap of $19.56 billion, a PE ratio of -7.07, a P/E/G ratio of 1.72 and a beta of 0.89. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve 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 company's 50 day moving average is $108.42 and its two-hundred day moving average is $93.27.

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 the consensus estimate of $0.38 by $0.39. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. Dollar Tree's revenue was up 12.3% compared to the same quarter last year. During the same quarter 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 anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree announced that its board has authorized a stock repurchase program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 11.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the sale, the director owned 4,089 shares of the company's stock, valued at approximately $410,208.48. The trade was a 22.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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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