Dollar Tree, Inc. $DLTR Shares Sold by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super Pty Ltd significantly reduced its stake in Dollar Tree, decreasing its holdings by 51.2% during the 2nd quarter, holding 45,955 shares valued at approximately $4.55 million.
• Several brokerages have recently upgraded their ratings for Dollar Tree, with Barclays upgrading to an "overweight" rating and setting a price target of $138.00, while the average target across analysts is $109.18.
• Dollar Tree reported earnings of $0.77 per share, exceeding analyst estimates, and announced a $2.50 billion share buyback plan, indicating confidence in its stock valuation.

Aware Super Pty Ltd as trustee of Aware Super decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 51.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,955 shares of the company's stock after selling 48,284 shares during the period. Aware Super Pty Ltd as trustee of Aware Super's holdings in Dollar Tree were worth $4,551,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Horizon Investments LLC increased its stake in shares of Dollar Tree by 5.1% during the 1st quarter. Horizon Investments LLC now owns 2,905 shares of the company's stock valued at $218,000 after acquiring an additional 140 shares during the last quarter. Compton Wealth Advisory Group LLC grew its holdings in Dollar Tree by 0.4% in the second quarter. Compton Wealth Advisory Group LLC now owns 34,561 shares of the company's stock valued at $3,423,000 after purchasing an additional 148 shares during the period. Brooklyn Investment Group increased its position in Dollar Tree by 79.0% during the first quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after purchasing an additional 158 shares during the last quarter. Private Trust Co. NA increased its position in Dollar Tree by 11.6% during the first quarter. Private Trust Co. NA now owns 1,527 shares of the company's stock worth $115,000 after purchasing an additional 159 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Dollar Tree by 164.0% during the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company's stock worth $26,000 after purchasing an additional 164 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on DLTR. Barclays raised shares of Dollar Tree from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $95.00 to $138.00 in a research note on Monday, July 21st. Morgan Stanley boosted their price target on Dollar Tree from $96.00 to $105.00 and gave the company an "equal weight" rating in a research report on Friday, September 5th. 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. UBS Group restated a "buy" rating and issued a $140.00 price target on shares of Dollar Tree in a report on Tuesday, August 26th. Finally, Wells Fargo & Company reduced their target price on shares of Dollar Tree from $130.00 to $115.00 and set an "overweight" rating on the stock in a report on Friday, October 10th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Dollar Tree presently has an average rating of "Hold" and an average price target of $109.18.

Insider Activity

In other news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the transaction, the director directly 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 6.60% of the company's stock.

Dollar Tree Trading Up 0.4%

DLTR opened at $95.97 on Thursday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. 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 stock has a market capitalization of $19.58 billion, a PE ratio of -7.07, a P/E/G ratio of 1.74 and a beta of 0.85. The firm's fifty day moving average price is $101.62 and its 200 day moving average price is $95.76.

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

Dollar Tree declared that its Board of Directors has approved a share buyback plan on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to purchase up to 11.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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.

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