First Financial Bank Trust Division Takes Position in Dollar Tree, Inc. $DLTR

Key Points

• First Financial Bank Trust Division acquired 31,338 shares in Dollar Tree, valued at approximately $3.1 million, during the second quarter, reflecting growing institutional interest in the company.
• Dollar Tree's quarterly earnings surpassed expectations, reporting $0.77 EPS compared to the consensus estimate of $0.38, with a revenue increase of 12.3% year-over-year to $4.57 billion.
• The stock currently has an average rating of "Hold" with target prices ranging from $95.00 to $138.00 by various analysts, indicating mixed sentiments regarding future performance.

First Financial Bank Trust Division acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 31,338 shares of the company's stock, valued at approximately $3,104,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DLTR. Brooklyn Investment Group raised its holdings in shares of Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after purchasing an additional 158 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Dollar Tree in the first quarter valued at approximately $30,000. CX Institutional acquired a new stake in shares of Dollar Tree in the first quarter valued at approximately $43,000. Sentry Investment Management LLC acquired a new stake in shares of Dollar Tree in the first quarter valued at approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Dollar Tree by 121.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock valued at $73,000 after buying an additional 534 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DLTR. The Goldman Sachs Group cut shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, June 5th. Wells Fargo & Company reissued an "overweight" rating on shares of Dollar Tree in a research note on Wednesday, September 3rd. Citigroup decreased their target price on shares of Dollar Tree from $130.00 to $124.00 and set a "buy" rating for the company in a research note on Thursday, September 4th. Telsey Advisory Group reissued an "outperform" rating and issued a $130.00 target price on shares of Dollar Tree in a research note on Thursday, September 4th. Finally, Barclays raised shares of 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. Eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Dollar Tree presently has an average rating of "Hold" and an average price target of $109.28.

Insider Buying and Selling

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction on Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the transaction, the director directly owned 4,089 shares of the company's stock, valued at $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.60% of the stock is currently owned by company insiders.

Dollar Tree Trading Down 2.0%

DLTR stock opened at $97.45 on Friday. 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 company has a fifty day moving average price of $110.10 and a two-hundred day moving average price of $91.85. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06. The stock has a market cap of $19.88 billion, a price-to-earnings ratio of -7.18, a price-to-earnings-growth ratio of 1.81 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.39. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The firm had revenue of $4.57 billion during the quarter, compared to analysts' expectations of $4.46 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The company'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. Equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its board has approved a share buyback program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the company to purchase up to 11.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is 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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