Forte Capital LLC ADV Invests $367,000 in Dollar Tree, Inc. $DLTR

Key Points

• Forte Capital LLC ADV invested approximately $367,000 in Dollar Tree, Inc., acquiring 3,707 shares in the second quarter.
• Dollar Tree recently reported $0.77 earnings per share, exceeding analysts' expectations of $0.38, with a 12.3% increase in quarterly revenue compared to the previous year.
• The company's board has authorized a $2.50 billion stock buyback plan, indicating confidence in the company's valuation.

Forte Capital LLC ADV purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,707 shares of the company's stock, valued at approximately $367,000.

Other institutional investors have also added to or reduced their stakes in the company. Vident Advisory LLC boosted its position in Dollar Tree by 11.3% in the fourth quarter. Vident Advisory LLC now owns 3,975 shares of the company's stock valued at $298,000 after buying an additional 402 shares in the last quarter. Woodline Partners LP bought a new position in shares of Dollar Tree in the 4th quarter valued at $910,000. Forum Financial Management LP acquired a new stake in shares of Dollar Tree during the 4th quarter valued at $340,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Dollar Tree during the 4th quarter worth $8,315,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Dollar Tree by 21.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,105 shares of the company's stock worth $682,000 after purchasing an additional 1,588 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $94.65 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06. The business has a 50-day simple moving average of $108.64 and a 200 day simple moving average of $93.25. The firm has a market capitalization of $19.31 billion, a price-to-earnings ratio of -6.97, a PEG ratio of 1.72 and a beta of 0.89.

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, topping analysts' consensus estimates of $0.38 by $0.39. The company had revenue of $4.57 billion for the quarter, compared to analysts' expectations 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 last year, the business earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree declared that its board has initiated a share repurchase plan on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the company to buy up to 11.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America lifted their price target on Dollar Tree from $70.00 to $75.00 and gave the company an "underperform" rating in a research note on Thursday, September 4th. Wolfe Research initiated coverage on shares of Dollar Tree in a research report on Thursday, September 18th. They set a "peer perform" rating on the stock. BNP Paribas lowered shares of Dollar Tree from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. Truist Financial upped their price target on shares of Dollar Tree from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Finally, BMO Capital Markets lifted their price target on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a report on Thursday, June 5th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $111.29.

Insider Activity at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of the company's 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 sale, the director owned 4,089 shares in the company, valued at $410,208.48. This represents a 22.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.60% of the stock is currently owned by insiders.

Dollar Tree Company 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.

Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.