7,548 Shares in Dollar Tree, Inc. $DLTR Bought by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC has acquired a new stake in Dollar Tree, purchasing 7,548 shares valued at approximately $748,000.
• Institutional investors currently hold 97.40% of Dollar Tree's stock, highlighting significant institutional interest in the company.
• Dollar Tree's latest quarterly earnings report showed a strong performance with earnings per share of $0.77, exceeding analysts’ expectations and reflecting a 12.3% revenue growth year-over-year.

Pallas Capital Advisors LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,548 shares of the company's stock, valued at approximately $748,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group lifted its stake in shares of Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after purchasing an additional 158 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Dollar Tree in the first quarter valued at about $30,000. CX Institutional purchased a new stake in Dollar Tree in the first quarter valued at about $43,000. Sentry Investment Management LLC purchased a new position in shares of Dollar Tree in the first quarter worth about $48,000. Finally, MassMutual Private Wealth & Trust FSB raised 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 worth $73,000 after purchasing an additional 534 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Insider Buying and Selling at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction on Friday, September 5th. The stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the sale, the director directly owned 4,089 shares of the company's stock, valued at approximately $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.60% of the company's stock.

Dollar Tree Trading Down 0.5%

NASDAQ:DLTR traded down $0.46 on Monday, reaching $94.80. The company's stock had a trading volume of 1,934,963 shares, compared to its average volume of 4,239,372. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The firm has a market cap of $19.34 billion, a price-to-earnings ratio of -6.98, a price-to-earnings-growth ratio of 1.73 and a beta of 0.89. The stock has a 50 day moving average price of $109.16 and a 200 day moving average price of $93.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. The company's revenue for the quarter was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its Board of Directors has authorized a share buyback plan on Wednesday, July 9th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to purchase up to 11.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

DLTR has been the subject of several research analyst reports. Wolfe Research initiated coverage on Dollar Tree in a research note on Thursday. They issued a "peer perform" rating for the company. Bank of America raised their target price on Dollar Tree from $70.00 to $75.00 and gave the stock an "underperform" rating in a report on Thursday, September 4th. Barclays raised Dollar Tree from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $95.00 to $138.00 in a report on Monday, July 21st. Gordon Haskett lowered Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price objective on the stock. in a report on Wednesday, September 3rd. Finally, Piper Sandler dropped their price objective on Dollar Tree from $112.00 to $108.00 and set a "neutral" rating on the stock in a report on Thursday, September 4th. Eight investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $109.28.

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.