HB Wealth Management LLC Makes New $329,000 Investment in Dollar Tree, Inc. $DLTR

Key Points

• HB Wealth Management LLC has made a new investment in Dollar Tree, Inc., purchasing 3,319 shares worth approximately $329,000.
• Dollar Tree recently reported quarterly earnings with an EPS of $0.77, significantly beating the consensus estimate of $0.38, alongside a revenue of $4.57 billion.
• The company has initiated a share repurchase plan allowing it to buy back up to $2.50 billion in outstanding shares, indicating management's belief that the stock is undervalued.

HB Wealth Management LLC bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,319 shares of the company's stock, valued at approximately $329,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC grew its position in Dollar Tree by 208.0% in the 2nd quarter. ORG Wealth Partners LLC now owns 998 shares of the company's stock worth $101,000 after purchasing an additional 674 shares during the last quarter. Signaturefd LLC grew its position in Dollar Tree by 25.5% in the 2nd quarter. Signaturefd LLC now owns 4,114 shares of the company's stock worth $407,000 after purchasing an additional 835 shares during the last quarter. Kirr Marbach & Co. LLC IN grew its position in Dollar Tree by 0.7% in the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 105,939 shares of the company's stock worth $10,492,000 after purchasing an additional 699 shares during the last quarter. Patton Fund Management Inc. bought a new position in shares of Dollar Tree in the second quarter valued at approximately $271,000. Finally, CX Institutional boosted its holdings in shares of Dollar Tree by 364.9% in the second quarter. CX Institutional now owns 2,673 shares of the company's stock valued at $265,000 after acquiring an additional 2,098 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Down 2.6%

DLTR stock opened at $87.68 on Tuesday. 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 firm has a market cap of $17.88 billion, a PE ratio of -6.46, a P/E/G ratio of 1.64 and a beta of 0.85. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The firm has a 50 day simple moving average of $105.05 and a 200 day simple moving average of $95.16.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.38 by $0.39. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities research analysts forecast 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 permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 11.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the transaction, the director owned 4,089 shares in the company, valued at approximately $410,208.48. This represents a 22.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.60% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on DLTR shares. JPMorgan Chase & Co. increased their price objective on shares of Dollar Tree from $138.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, September 4th. Barclays upgraded shares of Dollar Tree from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $95.00 to $138.00 in a report on Monday, July 21st. Jefferies Financial Group started coverage on shares of Dollar Tree in a report on Thursday, July 17th. They issued a "hold" rating and a $106.00 price objective for the company. Bank of America increased their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company an "underperform" rating in a report on Thursday, September 4th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Dollar Tree in a report on Saturday, September 27th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Dollar Tree has a consensus rating of "Hold" and a consensus price target of $112.35.

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.