Venturi Wealth Management LLC Sells 3,828 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Venturi Wealth Management LLC reduced its stake in Dollar Tree, Inc. by 61.3% in the second quarter, selling 3,828 shares and leaving it with 2,413 shares valued at $239,000.
• Dollar Tree analysts are divided, with firms like JPMorgan Chase & Co. setting an increase in their price target from $138 to $140, while Evercore ISI lowered its price target from $105 to $102.
• The company reported strong quarterly earnings, with $4.57 billion in revenue, surpassing expectations and reflecting a 12.3% year-over-year growth.

Venturi Wealth Management LLC decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 61.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,413 shares of the company's stock after selling 3,828 shares during the period. Venturi Wealth Management LLC's holdings in Dollar Tree were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DLTR. TD Private Client Wealth LLC increased its position in shares of Dollar Tree by 164.0% during the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company's stock worth $26,000 after purchasing an additional 164 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Dollar Tree by 79.0% during the first quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after buying 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 $30,000. Ameritas Advisory Services LLC purchased a new stake in Dollar Tree in the second quarter valued at $43,000. Finally, CX Institutional purchased a new stake in Dollar Tree in the first quarter valued at $43,000. Institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DLTR shares. Evercore ISI lowered their price target on shares of Dollar Tree from $105.00 to $102.00 and set an "in-line" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Dollar Tree from $138.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, September 4th. Piper Sandler lowered their target price on shares of Dollar Tree from $112.00 to $108.00 and set a "neutral" rating on the stock in a research note on Thursday, September 4th. Weiss Ratings reissued a "sell (d-)" rating on shares of Dollar Tree in a research note on Wednesday. Finally, Jefferies Financial Group reissued an "underperform" rating and set a $70.00 target price (down from $110.00) on shares of Dollar Tree in a research note on Tuesday. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $109.18.

Dollar Tree Stock Down 1.6%

DLTR opened at $87.61 on Friday. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve 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 company has a 50-day moving average price of $102.90 and a 200 day moving average price of $95.31. The company has a market cap of $17.87 billion, a PE ratio of -6.46, a price-to-earnings-growth ratio of 1.62 and a beta of 0.85.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share 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 the consensus estimate of $4.46 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. 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. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its board has approved a share buyback plan on Wednesday, July 9th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the company to buy up to 11.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the sale, the director owned 4,089 shares in the company, valued at approximately $410,208.48. This represents a 22.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.60% of the company's stock.

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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