Asset Management One Co. Ltd. Boosts Stock Position in Dollar Tree, Inc. $DLTR

Asset Management One Co. Ltd. raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,332 shares of the company’s stock after purchasing an additional 1,884 shares during the period. Asset Management One Co. Ltd.’s holdings in Dollar Tree were worth $8,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Horizon Investments LLC grew its stake in Dollar Tree by 5.1% in the first quarter. Horizon Investments LLC now owns 2,905 shares of the company’s stock valued at $218,000 after purchasing an additional 140 shares during the last quarter. Applied Finance Capital Management LLC grew its stake in shares of Dollar Tree by 2.6% during the second quarter. Applied Finance Capital Management LLC now owns 5,507 shares of the company’s stock worth $545,000 after acquiring an additional 140 shares during the last quarter. Compton Wealth Advisory Group LLC grew its stake in shares of Dollar Tree by 0.4% during the second quarter. Compton Wealth Advisory Group LLC now owns 34,561 shares of the company’s stock worth $3,423,000 after acquiring an additional 148 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Dollar Tree by 79.0% during the first 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. Finally, Private Trust Co. NA grew its stake in shares of Dollar Tree by 11.6% during the first quarter. Private Trust Co. NA now owns 1,527 shares of the company’s stock worth $115,000 after acquiring an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Up 3.6%

Shares of NASDAQ:DLTR opened at $102.59 on Tuesday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. The company has a market capitalization of $20.93 billion, a PE ratio of -7.56, a PEG ratio of 1.71 and a beta of 0.85. The business has a 50 day moving average of $99.10 and a two-hundred day moving average of $97.60. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67.

Dollar Tree (NASDAQ:DLTR) 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. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the company posted $0.67 earnings per share. Dollar Tree’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. As a group, 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 stock buyback program on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to repurchase up to 11.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DLTR. Citigroup dropped their price target on Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 target price on shares of Dollar Tree in a research report on Thursday, October 16th. Evercore ISI set a $100.00 target price on Dollar Tree in a research report on Tuesday, October 21st. Wells Fargo & Company dropped their target price on Dollar Tree from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, October 10th. Finally, Gordon Haskett lowered Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 target price on the stock. in a research report on Wednesday, September 3rd. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $110.00.

Insider Activity at Dollar Tree

In other news, insider Robert Aflatooni sold 1,260 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $94.70, for a total transaction of $119,322.00. Following the completion of the transaction, the insider directly owned 21,402 shares of the company’s stock, valued at $2,026,769.40. This represents a 5.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the director directly owned 4,089 shares of the company’s stock, valued at approximately $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

Dollar Tree 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.