Fiduciary Management Inc. WI Sells 37,023 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Fiduciary Management Inc. has reduced its stake in Dollar Tree by 2.6%, now holding 1,407,810 shares valued at approximately $105.68 million.
• Recent insider activity includes CMO Richard L. Mcneely selling 21,026 shares, decreasing his ownership by 29.43% to 50,419 shares, valued at roughly $4.77 million.
• Wall Street analysts have mixed ratings for Dollar Tree, with a consensus rating of "Hold" and a target price average of $100.89, following recent reports of positive earnings exceeding estimates.

Fiduciary Management Inc. WI lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,407,810 shares of the company's stock after selling 37,023 shares during the period. Fiduciary Management Inc. WI owned approximately 0.65% of Dollar Tree worth $105,684,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Brooklyn Investment Group grew its position in Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after acquiring an additional 158 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Dollar Tree during the first quarter valued at approximately $30,000. CX Institutional purchased a new position in shares of Dollar Tree during the first quarter valued at approximately $43,000. Sentry Investment Management LLC purchased a new position in shares of Dollar Tree during the first quarter valued at approximately $48,000. Finally, GeoWealth Management LLC purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $61,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DLTR shares. Morgan Stanley boosted their target price on Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a research report on Thursday, June 5th. The Goldman Sachs Group lowered Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. UBS Group restated a "buy" rating and set a $140.00 target price on shares of Dollar Tree in a research report on Tuesday. Wells Fargo & Company boosted their target price on Dollar Tree from $105.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Finally, BMO Capital Markets boosted their target price on Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a research report on Thursday, June 5th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $102.68.

Insider Activity

In related news, CMO Richard L. Mcneely sold 21,026 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the completion of the sale, the chief marketing officer owned 50,419 shares in the company, valued at approximately $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.60% of the company's stock.

Dollar Tree Trading Up 0.2%

Shares of NASDAQ DLTR traded up $0.18 during trading hours on Tuesday, reaching $111.98. The stock had a trading volume of 3,894,079 shares, compared to its average volume of 4,088,291. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62. The firm has a market cap of $23.37 billion, a price-to-earnings ratio of -8.08, a P/E/G ratio of 2.42 and a beta of 0.88. The business's fifty day moving average price is $108.78 and its two-hundred day moving average price is $89.11. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%.Dollar Tree's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. 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 repurchase program on Wednesday, July 9th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the company to reacquire up to 11.5% of its shares through open market purchases. Shares repurchase programs are typically a sign 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.