Ethic Inc. Buys 17,811 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Ethic Inc. has increased its stake in Dollar Tree by 39.3%, acquiring an additional 17,811 shares, bringing its total holdings to 63,136 shares valued at approximately $6.23 million.
• Insider trading activity includes Robert Aflatooni selling 1,260 shares at $94.70 per share, marking a 5.56% decrease in his position.
• The firm's recent earnings report exceeded expectations, with $0.77 EPS against an estimate of $0.38 EPS, and a revenue increase of 12.3% year-over-year.

Ethic Inc. lifted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 39.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,136 shares of the company's stock after acquiring an additional 17,811 shares during the period. Ethic Inc.'s holdings in Dollar Tree were worth $6,232,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DLTR. TD Private Client Wealth LLC raised its stake in shares of 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 acquiring an additional 164 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of 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 acquiring an additional 158 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Dollar Tree in the 1st quarter valued at approximately $30,000. Ameritas Advisory Services LLC bought a new position in shares of Dollar Tree in the 2nd quarter valued at approximately $43,000. Finally, Trust Co. of Toledo NA OH bought a new position in shares of Dollar Tree in the 2nd quarter valued at approximately $50,000. 97.40% of the stock is owned by institutional investors.

Insider Activity at Dollar Tree

In other news, insider Robert Aflatooni sold 1,260 shares of Dollar Tree stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $94.70, for a total transaction of $119,322.00. Following the sale, the insider owned 21,402 shares of the company's stock, valued at approximately $2,026,769.40. This trade represents a 5.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $118,879.20. Following the sale, the director directly owned 4,089 shares in the company, valued at $410,208.48. The trade was a 22.47% decrease in their position. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DLTR. Piper Sandler cut their price objective on Dollar Tree from $112.00 to $108.00 and set a "neutral" rating on the stock in a research note on Thursday, September 4th. Jefferies Financial Group reissued an "underperform" rating and issued a $70.00 price objective (down from $110.00) on shares of Dollar Tree in a research note on Tuesday, October 7th. New Street Research set a $103.00 target price on Dollar Tree in a report on Thursday, October 16th. 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. Finally, Morgan Stanley raised their target price on Dollar Tree from $96.00 to $105.00 and gave the company an "equal weight" rating in a report on Friday, September 5th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $110.00.

Dollar Tree Stock Performance

DLTR opened at $100.47 on Thursday. The firm has a market capitalization of $20.49 billion, a P/E ratio of -7.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.85. The stock's 50 day moving average price is $99.86 and its two-hundred day moving average price is $96.63. The company has a quick ratio of 0.27, a current ratio of 1.04 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 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. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the firm earned $0.67 EPS. Dollar Tree'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. On average, equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its Board of Directors has authorized a stock buyback program on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 11.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

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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