Veracity Capital LLC Buys 5,262 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Veracity Capital LLC increased its stake in Dollar Tree by 166.8%, acquiring an additional 5,262 shares during the second quarter, bringing its total holdings to 8,416 shares valued at approximately $834,000.
• Institutional investors collectively own 97.40% of Dollar Tree's stock, indicating strong institutional confidence in the company.
• Dollar Tree recently reported $0.77 earnings per share for the quarter, significantly surpassing analysts' expectations, with a 12.3% year-over-year revenue increase to $4.57 billion.

Veracity Capital LLC raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 166.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,416 shares of the company's stock after acquiring an additional 5,262 shares during the period. Veracity Capital LLC's holdings in Dollar Tree were worth $834,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Dollar Tree by 50.7% in 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 during the last quarter. McGinn Penninger Investment Management Inc. increased its holdings in shares of Dollar Tree by 13.2% in the 1st 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. Bastion Asset Management Inc. bought a new stake in shares of Dollar Tree in the 1st quarter worth about $3,585,000. Empower Advisory Group LLC increased its holdings in shares of Dollar Tree by 8.0% in the 1st quarter. Empower Advisory Group LLC now owns 821,288 shares of the company's stock worth $61,654,000 after buying an additional 60,865 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Dollar Tree by 6.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,471,865 shares of the company's stock worth $110,493,000 after buying an additional 85,508 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the business's 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 directly owned 4,089 shares of the company's stock, valued at $410,208.48. The trade was a 22.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DLTR shares. BMO Capital Markets boosted their target price 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. Morgan Stanley boosted their target price on shares of Dollar Tree from $96.00 to $105.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. The Goldman Sachs Group downgraded shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Barclays upgraded shares of Dollar Tree from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $95.00 to $138.00 in a report on Monday, July 21st. Finally, Gordon Haskett downgraded shares of Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price target on the stock. in a report on Wednesday, September 3rd. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $109.28.

Dollar Tree Price Performance

Dollar Tree stock opened at $97.26 on Tuesday. The stock has a market cap of $19.84 billion, a price-to-earnings ratio of -7.17, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The firm has a 50-day moving average of $109.96 and a two-hundred day moving average of $92.28.

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, beating the consensus estimate of $0.38 by $0.39. The company had revenue of $4.57 billion during 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 quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. 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 year.

Dollar Tree announced that its Board of Directors has authorized a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

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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