Scientech Research LLC Makes New $1.18 Million Investment in Dollar Tree, Inc. $DLTR

Key Points

• Scientech Research LLC acquired a new stake in Dollar Tree, Inc., purchasing 15,654 shares valued at approximately $1,175,000.
• Dollar Tree's stock has been rated with a consensus of "Hold" by analysts, with an average target price of $106.95.
• The company's recent quarterly earnings showed a revenue increase of 12.3% year-over-year, reporting $4.57 billion for the quarter.

Scientech Research LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,654 shares of the company's stock, valued at approximately $1,175,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Dollar Tree by 50.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company's stock worth $1,030,000 after buying an additional 4,619 shares in the last quarter. McGinn Penninger Investment Management Inc. grew its holdings in Dollar Tree by 13.2% during the first quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company's stock worth $5,149,000 after acquiring an additional 8,015 shares during the period. Bastion Asset Management Inc. purchased a new position in Dollar Tree in the first quarter worth $3,585,000. Empower Advisory Group LLC raised its position in Dollar Tree by 8.0% in the first quarter. Empower Advisory Group LLC now owns 821,288 shares of the company's stock worth $61,654,000 after acquiring an additional 60,865 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Dollar Tree by 6.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,471,865 shares of the company's stock valued at $110,493,000 after acquiring an additional 85,508 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Activity

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 shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the sale, the director directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 6.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DLTR. Truist Financial upped their price target on shares of Dollar Tree from $127.00 to $129.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Guggenheim decreased their price objective on shares of Dollar Tree from $130.00 to $125.00 and set a "buy" rating on the stock in a report on Monday. Jefferies Financial Group initiated coverage on shares of Dollar Tree in a research report on Thursday, July 17th. They set a "hold" rating and a $106.00 target price on the stock. Barclays upgraded shares of Dollar Tree from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $95.00 to $138.00 in a research report on Monday, July 21st. Finally, Bank of America upped their price target on Dollar Tree from $70.00 to $75.00 and gave the stock an "underperform" rating in a report on Thursday, September 4th. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $109.28.

Dollar Tree Price Performance

NASDAQ DLTR traded up $2.55 during trading hours on Wednesday, reaching $98.85. The company's stock had a trading volume of 5,669,653 shares, compared to its average volume of 4,232,667. The stock has a market cap of $20.16 billion, a PE ratio of -7.28, a PEG ratio of 1.81 and a beta of 0.89. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The company's 50-day moving average is $110.32 and its two-hundred day moving average is $91.49. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. The firm had revenue of $4.57 billion for the quarter, compared to analysts' expectations 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 revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current 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 outstanding shares. This buyback authorization permits the company to purchase up to 11.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.