Easterly Investment Partners LLC decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,486 shares of the company's stock after selling 4,841 shares during the quarter. Easterly Investment Partners LLC's holdings in Dollar Tree were worth $8,863,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Applied Finance Capital Management LLC grew its holdings in Dollar Tree by 2.6% in the second quarter. Applied Finance Capital Management LLC now owns 5,507 shares of the company's stock worth $545,000 after purchasing an additional 140 shares during the period. Nordea Investment Management AB boosted its holdings in Dollar Tree by 2.9% in the second quarter. Nordea Investment Management AB now owns 30,742 shares of the company's stock worth $3,008,000 after acquiring an additional 876 shares in the last quarter. Praxis Investment Management Inc. acquired a new stake in Dollar Tree in the second quarter valued at approximately $432,000. Alta Capital Management LLC raised its position in shares of Dollar Tree by 8.0% during the second quarter. Alta Capital Management LLC now owns 4,330 shares of the company's stock worth $429,000 after purchasing an additional 320 shares during the period. Finally, Callahan Advisors LLC grew its position in Dollar Tree by 103.9% in the 2nd quarter. Callahan Advisors LLC now owns 5,545 shares of the company's stock valued at $549,000 after purchasing an additional 2,825 shares during the period. 97.40% of the stock is owned by institutional investors.
Insiders Place Their Bets
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 owned 4,089 shares in the company, valued at $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.60% of the stock is owned by corporate insiders.
Dollar Tree Price Performance
Dollar Tree stock opened at $94.03 on Friday. The business's 50 day simple moving average is $101.16 and its 200 day simple moving average is $95.89. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The company has a market cap of $19.18 billion, a price-to-earnings ratio of -6.93, a PEG ratio of 1.75 and a beta of 0.85. 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 (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.39. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The business's revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.
Dollar Tree announced that its board has initiated 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 reacquire up to 11.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on DLTR shares. Barclays upgraded shares of Dollar Tree from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $95.00 to $138.00 in a report on Monday, July 21st. Guggenheim decreased their price objective on Dollar Tree from $130.00 to $125.00 and set a "buy" rating for the company in a report on Monday, September 8th. Gordon Haskett lowered Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 target price on the stock. in a report on Wednesday, September 3rd. Wells Fargo & Company lowered their price target on Dollar Tree from $130.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, October 10th. Finally, Jefferies Financial Group reaffirmed an "underperform" rating and set a $70.00 price objective (down from $110.00) on shares of Dollar Tree in a report on Tuesday, October 7th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Dollar Tree presently has a consensus rating of "Hold" and a consensus target price of $109.00.
Check Out Our Latest Stock Report on Dollar Tree
About Dollar Tree
(
Free Report)
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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