Valeo Financial Advisors LLC Purchases New Holdings in Dollar Tree, Inc. $DLTR

Key Points

• Valeo Financial Advisors LLC has acquired a new position in Dollar Tree, Inc., purchasing 3,219 shares valued at approximately $319,000 in the second quarter of the year.
• Dollar Tree reported an earnings per share (EPS) of $0.77 for the latest quarter, significantly exceeding the consensus estimate of $0.38, and announced a stock buyback program authorizing up to $2.50 billion to repurchase shares.
• As of now, 97.40% of Dollar Tree's stock is owned by hedge funds and institutional investors, indicating strong institutional interest in the company.

Valeo Financial Advisors LLC bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,219 shares of the company's stock, valued at approximately $319,000.

Other large investors have also bought and sold shares of the company. LBP AM SA purchased a new stake in Dollar Tree in the second quarter worth $7,742,000. Wealth Enhancement Advisory Services LLC increased its position in Dollar Tree by 50.7% in the first 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 during the last quarter. McGinn Penninger Investment Management Inc. increased its position in Dollar Tree by 13.2% in the first quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company's stock worth $5,149,000 after buying an additional 8,015 shares during the last quarter. IFM Investors Pty Ltd increased its position in Dollar Tree by 7.5% in the second quarter. IFM Investors Pty Ltd now owns 38,021 shares of the company's stock worth $3,766,000 after buying an additional 2,666 shares during the last quarter. Finally, Bastion Asset Management Inc. purchased a new position in shares of Dollar Tree in the first quarter valued at $3,585,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Dollar Tree stock opened at $89.02 on Friday. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06. The business has a 50-day simple moving average of $103.44 and a 200 day simple moving average of $95.17. 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 stock has a market cap of $18.16 billion, a price-to-earnings ratio of -6.56, a PEG ratio of 1.60 and a beta of 0.85.

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, topping the consensus estimate 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 business had revenue of $4.57 billion during the quarter, compared to analysts' expectations of $4.46 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm's revenue 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, research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its Board of Directors 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 reacquire up to 11.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the sale, the director owned 4,089 shares of the company's stock, valued at $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DLTR shares. Guggenheim reduced their price target on Dollar Tree from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Monday, September 8th. Evercore ISI reduced their price target on Dollar Tree from $105.00 to $102.00 and set an "in-line" rating for the company in a research report on Tuesday. Truist Financial lifted their price target on Dollar Tree from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Barclays upgraded 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 lifted their price target on Dollar Tree from $70.00 to $75.00 and gave the company an "underperform" rating in a research report on Thursday, September 4th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and a consensus price target of $110.06.

About Dollar Tree

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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