Dollar Tree, Inc. $DLTR Shares Purchased by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Dollar Tree, boosting their position by 112% to a total of 29,093 shares, valued at approximately $2.96 million.
• Dollar Tree's latest earnings report revealed an earnings per share (EPS) of $0.77, exceeding the consensus estimate by $0.39 and marking a 12.3% revenue increase from the previous year.
• The company's Board of Directors has authorized a $2.50 billion stock buyback plan, indicating confidence in the company's undervaluation, while analysts generally have a Hold rating with an average target price of $111.29.

Wealth Enhancement Advisory Services LLC boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 112.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,093 shares of the company's stock after acquiring an additional 15,369 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Dollar Tree were worth $2,965,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wedmont Private Capital acquired a new position in Dollar Tree in the second quarter valued at $280,000. Compton Wealth Advisory Group LLC lifted its stake in shares of Dollar Tree by 0.4% during the second quarter. Compton Wealth Advisory Group LLC now owns 34,561 shares of the company's stock worth $3,423,000 after purchasing an additional 148 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Dollar Tree by 2.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,387 shares of the company's stock worth $2,613,000 after purchasing an additional 558 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Dollar Tree during the second quarter worth about $257,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Dollar Tree during the second quarter worth about $748,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Up 1.1%

Shares of NASDAQ DLTR opened at $95.06 on Friday. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The firm has a market cap of $19.39 billion, a price-to-earnings ratio of -7.01, a PEG ratio of 1.71 and a beta of 0.89. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. The stock's 50-day simple moving average is $107.84 and its 200-day simple moving average is $93.65.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results 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. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period in the previous year, the company earned $0.67 earnings per share. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its Board of Directors has authorized a stock buyback plan on Wednesday, July 9th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to repurchase up to 11.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays upgraded Dollar Tree from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $95.00 to $138.00 in a research note on Monday, July 21st. Telsey Advisory Group restated an "outperform" rating and set a $130.00 price objective on shares of Dollar Tree in a research note on Thursday, September 4th. UBS Group restated a "buy" rating and set a $140.00 price objective on shares of Dollar Tree in a research note on Tuesday, August 26th. Citigroup reduced their price objective on Dollar Tree from $130.00 to $124.00 and set a "buy" rating on the stock in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Dollar Tree from $138.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, September 4th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Dollar Tree currently has a consensus rating of "Hold" and an average target price of $111.29.

Insiders Place Their Bets

In related news, Director Stephanie Stahl sold 1,185 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.60% of the stock is currently owned by corporate insiders.

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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