Dollar Tree, Inc. $DLTR Shares Sold by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC reduced its stake in Dollar Tree by 63.9%, ending with 28,943 shares valued at $2.87 million after selling 51,265 shares in the second quarter.
• Dollar Tree's earnings report showed EPS of $0.77, surpassing estimates, with revenue of $4.57 billion for the quarter, reflecting a year-over-year increase of 12.3%.
• The company has authorized a $2.50 billion share buyback, allowing for the reacquisition of up to 11.5% of its shares, signaling management's belief that the stock is undervalued.

Janney Montgomery Scott LLC reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 63.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,943 shares of the company's stock after selling 51,265 shares during the period. Janney Montgomery Scott LLC's holdings in Dollar Tree were worth $2,867,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DLTR. TD Private Client Wealth LLC increased its holdings in Dollar Tree by 164.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company's stock valued at $26,000 after purchasing an additional 164 shares in the last quarter. Brooklyn Investment Group increased its holdings in Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after purchasing an additional 158 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Dollar Tree in the 1st quarter valued at $30,000. CX Institutional acquired a new stake in Dollar Tree in the 1st quarter valued at $43,000. Finally, eCIO Inc. acquired a new stake in Dollar Tree in the 1st quarter valued at $73,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on DLTR. Piper Sandler lowered their target price on Dollar Tree from $112.00 to $108.00 and set a "neutral" rating for the company in a research note on Thursday, September 4th. Weiss Ratings restated a "sell (d-)" rating on shares of Dollar Tree in a research note on Wednesday. Barclays upgraded Dollar Tree from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $95.00 to $138.00 in a research note on Monday, July 21st. Wells Fargo & Company restated an "overweight" rating on shares of Dollar Tree in a research note on Wednesday, September 3rd. Finally, BNP Paribas downgraded Dollar Tree from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Dollar Tree currently has a consensus rating of "Hold" and a consensus target price of $110.06.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $89.02 on Friday. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average of $103.44 and a two-hundred day moving average of $95.17. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06. The company has a market cap of $18.16 billion, a P/E ratio of -6.56, a PEG ratio of 1.60 and a beta of 0.85.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.Dollar Tree's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree announced that its board has authorized a share buyback plan on Wednesday, July 9th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 11.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Dollar Tree

In other 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 6.60% of the company's stock.

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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