Patton Fund Management Inc. Invests $271,000 in Dollar Tree, Inc. $DLTR

Key Points

• Patton Fund Management Inc. invested approximately $271,000 in Dollar Tree, acquiring 2,733 shares during the second quarter.
• Several institutional investors have increased their stakes in Dollar Tree, with Vanguard Group Inc. now owning 23.8 million shares, valued at approximately $1.79 billion.
• Dollar Tree reported a quarterly EPS of $0.77, significantly exceeding analyst estimates of $0.38, and anticipates a fiscal year 2025 EPS guidance range of 5.320-5.720.

Patton Fund Management Inc. acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,733 shares of the company's stock, valued at approximately $271,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Dollar Tree by 1.7% during the first quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company's stock worth $1,789,648,000 after buying an additional 389,490 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Dollar Tree by 0.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company's stock worth $750,323,000 after buying an additional 74,230 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings in Dollar Tree by 21.4% during the first quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company's stock worth $723,788,000 after buying an additional 1,701,344 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Dollar Tree by 69.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company's stock worth $439,025,000 after buying an additional 2,400,586 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Dollar Tree by 8.8% during the first quarter. Invesco Ltd. now owns 3,529,998 shares of the company's stock worth $264,997,000 after buying an additional 286,910 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Transactions at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the sale, the director directly owned 4,089 shares in the company, valued at approximately $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DLTR shares. Wells Fargo & Company reissued an "overweight" rating on shares of Dollar Tree in a report on Wednesday, September 3rd. BMO Capital Markets increased 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. Guggenheim lowered their price target on shares of Dollar Tree from $130.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, September 8th. 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, Evercore ISI decreased their price objective on shares of Dollar Tree from $108.00 to $105.00 and set an "in-line" rating on the stock in a report on Tuesday, September 23rd. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $111.29.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $95.06 on Friday. The firm has a 50-day simple moving average of $107.84 and a 200-day simple moving average of $93.87. The stock has a market capitalization of $19.39 billion, a price-to-earnings ratio of -7.01, a price-to-earnings-growth ratio of 1.73 and a beta of 0.89. 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, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.39. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The firm had revenue of $4.57 billion during the quarter, compared to analysts' expectations of $4.46 billion. During the same period last year, the business earned $0.67 earnings per share. Dollar Tree'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. On average, equities analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its board has initiated a stock buyback program on Wednesday, July 9th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the company to purchase up to 11.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are 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.

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