Generali Asset Management SPA SGR Acquires 22,054 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Generali Asset Management SPA SGR significantly increased its position in Dollar Tree, acquiring 22,054 shares, resulting in a total of 22,179 shares valued at about $2.2 million.
• Dollar Tree reported a Q2 earnings per share of $0.77, surpassing expectations and reflecting a 12.3% year-over-year revenue increase to $4.57 billion.
• The company's stock is currently subject to mixed ratings, with a majority of analysts giving it a "Hold" rating and an average target price of $109.00.

Generali Asset Management SPA SGR grew its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 17,643.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,179 shares of the company's stock after buying an additional 22,054 shares during the period. Generali Asset Management SPA SGR's holdings in Dollar Tree were worth $2,197,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC lifted its position in shares of Dollar Tree by 164.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company's stock valued at $26,000 after buying an additional 164 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after buying an additional 158 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Dollar Tree during the 1st quarter valued at $30,000. Ameritas Advisory Services LLC purchased a new position in shares of Dollar Tree during the 2nd quarter valued at $43,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of Dollar Tree during the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $94.03 on Friday. The business's 50-day moving average price is $101.16 and its two-hundred day moving average price is $95.89. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06. The stock has a market cap of $19.18 billion, a P/E ratio of -6.93, a PEG ratio of 1.75 and a beta of 0.85. 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 (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating 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 firm had revenue of $4.57 billion for the quarter, compared to analysts' expectations of $4.46 billion. During the same quarter last year, the firm posted $0.67 EPS. The company's revenue 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. As a group, equities analysts predict 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 stock repurchase plan on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 11.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Dollar Tree in a research report on Wednesday, October 8th. Truist Financial increased their price objective on Dollar Tree from $127.00 to $129.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Bank of America increased their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock an "underperform" rating in a report on Thursday, September 4th. Guggenheim dropped their price objective on Dollar Tree from $130.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, September 8th. Finally, Evercore ISI increased their price objective on Dollar Tree from $90.00 to $105.00 and gave the stock an "in-line" rating in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Dollar Tree presently has an average rating of "Hold" and an average target price of $109.00.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the firm's stock in a transaction dated 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 owned 4,089 shares of the company's stock, valued at $410,208.48. This trade 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.

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