Wilmington Savings Fund Society FSB Buys 18,336 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Wilmington Savings Fund Society FSB increased its holdings in Dollar Tree, Inc. by 1,062.3% in the second quarter, acquiring an additional 18,336 shares to reach a total worth of approximately $1,987,000.
• Dollar Tree's share buyback program allows the company to repurchase up to $2.50 billion of its outstanding shares, indicating confidence from its leadership regarding the stock's valuation.
• Analysts have mixed ratings on Dollar Tree, with eight giving a "Buy" rating and an average price target of $109.18 following various adjustments to price targets by major firms.

Wilmington Savings Fund Society FSB lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 1,062.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 20,062 shares of the company's stock after acquiring an additional 18,336 shares during the period. Wilmington Savings Fund Society FSB's holdings in Dollar Tree were worth $1,987,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its holdings in shares of Dollar Tree by 164.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company's stock worth $26,000 after purchasing an additional 164 shares during the last quarter. Brooklyn Investment Group grew its holdings in Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after acquiring an additional 158 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in Dollar Tree during the 1st quarter worth about $30,000. CX Institutional bought a new stake in Dollar Tree during the 1st quarter worth about $43,000. Finally, Ameritas Advisory Services LLC bought a new stake in Dollar Tree during the 2nd quarter worth about $43,000. 97.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the transaction, the director owned 4,089 shares in the company, valued at $410,208.48. The trade was a 22.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.60% of the company's stock.

Wall Street Analysts Forecast Growth

DLTR has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on shares of Dollar Tree from $130.00 to $115.00 and set an "overweight" rating on the stock in a research report on Friday, October 10th. Bank of America raised their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the company an "underperform" rating in a research note on Thursday, September 4th. Truist Financial lifted their price objective on shares of Dollar Tree from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Dollar Tree in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on Dollar Tree from $138.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, September 4th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $109.18.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $95.97 on Thursday. The business has a 50 day simple moving average of $101.62 and a 200-day simple moving average of $95.76. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of -7.07, a PEG ratio of 1.74 and a beta of 0.85. 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.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its 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 positive return on equity of 23.52% and a negative net margin of 13.46%.The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the business earned $0.67 EPS. The firm'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. Equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its Board of Directors has authorized a share repurchase program on Wednesday, July 9th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to buy up to 11.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is 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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