HighTower Advisors LLC Has $995,000 Position in Dollar Tree, Inc. $DLTR

Key Points

• HighTower Advisors LLC increased its stake in Dollar Tree, Inc. by 50.7%, acquiring an additional 4,458 shares, raising its total holdings to 13,256 shares valued at approximately $995,000.
• Wall Street analysts show optimism for Dollar Tree, with several firms adjusting their price targets upward, including BMO Capital Markets raising it from $80.00 to $85.00 and UBS setting a target at $140.00.
• Dollar Tree recently announced a $2.50 billion share repurchase program, authorizing the buyback of approximately 11.5% of its outstanding shares, indicating management's confidence in the stock's valuation.

HighTower Advisors LLC raised its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 50.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,256 shares of the company's stock after buying an additional 4,458 shares during the period. HighTower Advisors LLC's holdings in Dollar Tree were worth $995,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in Dollar Tree by 11.6% in the first quarter. Private Trust Co. NA now owns 1,527 shares of the company's stock valued at $115,000 after buying an additional 159 shares in the last quarter. Cary Street Partners Financial LLC boosted its position in Dollar Tree by 8.5% in the first quarter. Cary Street Partners Financial LLC now owns 2,381 shares of the company's stock valued at $179,000 after buying an additional 186 shares in the last quarter. Amalgamated Bank lifted its position in shares of Dollar Tree by 0.7% during the first quarter. Amalgamated Bank now owns 39,283 shares of the company's stock worth $2,949,000 after purchasing an additional 265 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Dollar Tree by 6.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,656 shares of the company's stock worth $349,000 after purchasing an additional 292 shares in the last quarter. Finally, Wahed Invest LLC lifted its position in shares of Dollar Tree by 6.1% during the fourth quarter. Wahed Invest LLC now owns 5,205 shares of the company's stock worth $390,000 after purchasing an additional 297 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the sale, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DLTR. The Goldman Sachs Group lowered shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. Cfra Research raised shares of Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. Piper Sandler boosted their price target on shares of Dollar Tree from $93.00 to $112.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Wells Fargo & Company boosted their price target on shares of Dollar Tree from $105.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Finally, Evercore ISI boosted their price target on shares of Dollar Tree from $108.00 to $110.00 and gave the stock an "in-line" rating in a research note on Tuesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $104.53.

Dollar Tree Trading Down 3.0%

NASDAQ:DLTR traded down $3.33 during trading hours on Friday, hitting $109.17. The stock had a trading volume of 3,719,797 shares, compared to its average volume of 2,960,284. The business's 50 day moving average is $109.87 and its 200-day moving average is $90.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06. The company has a market cap of $22.78 billion, a price-to-earnings ratio of -7.88, a P/E/G ratio of 2.32 and a beta of 0.88.

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