Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Dollar Tree, Inc. $DLTR

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Dollar Tree, Inc. by 19.2%, bringing their total holdings to 22,178 shares, valued at approximately $2.2 million at the end of the second quarter.
• Analysts have mixed views on Dollar Tree, with price targets ranging from a low of $70 to a high of $130, leading to a consensus rating of "Hold" with an average target price of $109.
• Dollar Tree has announced a $2.50 billion stock buyback plan, indicating that the company's management believes its shares are undervalued.

Vanguard Personalized Indexing Management LLC raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 19.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,178 shares of the company's stock after buying an additional 3,573 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Dollar Tree were worth $2,197,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Horizon Investments LLC grew its position in Dollar Tree by 5.1% in the 1st quarter. Horizon Investments LLC now owns 2,905 shares of the company's stock valued at $218,000 after acquiring an additional 140 shares in the last quarter. Compton Wealth Advisory Group LLC grew its position in Dollar Tree by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 34,561 shares of the company's stock valued at $3,423,000 after acquiring an additional 148 shares in the last quarter. Brooklyn Investment Group grew its position in Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after acquiring an additional 158 shares in the last quarter. Private Trust Co. NA grew its position in Dollar Tree by 11.6% in the 1st quarter. Private Trust Co. NA now owns 1,527 shares of the company's stock valued at $115,000 after acquiring an additional 159 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in Dollar Tree by 164.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company's stock valued at $26,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their target price on Dollar Tree from $130.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, October 10th. Morgan Stanley boosted their price objective on Dollar Tree from $96.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Dollar Tree in a research report on Wednesday, October 8th. Jefferies Financial Group reissued an "underperform" rating and set a $70.00 price objective (down from $110.00) on shares of Dollar Tree in a research report on Tuesday, October 7th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $130.00 price objective on shares of Dollar Tree in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Dollar Tree has a consensus rating of "Hold" and an average price target of $109.00.

Insider Transactions at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 4,089 shares of the company's stock, valued at $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.60% of the stock is owned by company insiders.

Dollar Tree Stock Performance

Shares of DLTR opened at $94.03 on Friday. The stock has a 50 day moving average price of $101.16 and a 200 day moving average price of $95.89. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $19.18 billion, a price-to-earnings ratio of -6.93, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85. 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 announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The firm's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its board has authorized a stock 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 typically a sign that the company's management 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.

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