Cwm LLC Buys 20,932 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Cwm LLC increased its stake in Dollar Tree, Inc. by 253.9% during Q2, acquiring an additional 20,932 shares for a total of 29,177 shares valued at approximately $2.89 million.
• Analysts have mixed opinions on Dollar Tree with eight analysts rating the stock as "Buy" and a consensus rating of "Hold," while price targets range significantly from $95.00 to $140.00.
• Dollar Tree recently reported $0.77 earnings per share for the quarter, exceeding expectations, and the company announced a $2.50 billion share buyback program signaling confidence in its stock value.

Cwm LLC grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 253.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,177 shares of the company's stock after buying an additional 20,932 shares during the quarter. Cwm LLC's holdings in Dollar Tree were worth $2,890,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DLTR. Price T Rowe Associates Inc. MD grew its stake in shares of 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 worth $439,025,000 after purchasing an additional 2,400,586 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in shares of Dollar Tree by 1,055.1% in the first quarter. Alyeska Investment Group L.P. now owns 2,322,189 shares of the company's stock worth $174,327,000 after purchasing an additional 2,121,149 shares during the last quarter. EdgePoint Investment Group Inc. grew its stake in shares of Dollar Tree by 21.4% in the first quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company's stock worth $723,788,000 after purchasing an additional 1,701,344 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of Dollar Tree in the first quarter worth $69,890,000. Finally, Alliancebernstein L.P. grew its stake in shares of Dollar Tree by 155.1% in the first quarter. Alliancebernstein L.P. now owns 1,353,050 shares of the company's stock worth $101,573,000 after purchasing an additional 822,694 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Sanford C. Bernstein reissued a "market perform" rating on shares of Dollar Tree in a research note on Thursday. Truist Financial boosted their price objective on shares of Dollar Tree from $127.00 to $129.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Guggenheim reduced their price objective on shares of Dollar Tree from $130.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, September 8th. Barclays raised shares of Dollar Tree from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $95.00 to $138.00 in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Dollar Tree from $138.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, September 4th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $109.00.

Dollar Tree Stock Performance

Shares of DLTR opened at $96.44 on Friday. The stock has a market capitalization of $19.67 billion, a P/E ratio of -7.11, a price-to-earnings-growth ratio of 1.71 and a beta of 0.85. The firm's fifty day simple moving average is $100.77 and its two-hundred day simple moving average is $96.04. The company has a current ratio of 1.04, a quick ratio of 0.27 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.

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, topping analysts' consensus estimates of $0.38 by $0.39. The company had revenue of $4.57 billion for the quarter, compared to analysts' expectations of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The business's revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its board has initiated a share buyback program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 11.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

In other news, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the transaction, the director 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 document filed with the Securities & Exchange Commission, which is available through this link. 6.60% of the stock is owned by company insiders.

Dollar Tree 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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