Dollar Tree, Inc. $DLTR Shares Sold by Equity Investment Corp

Equity Investment Corp trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 99.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,723 shares of the company’s stock after selling 1,407,733 shares during the period. Equity Investment Corp’s holdings in Dollar Tree were worth $1,458,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TD Private Client Wealth LLC boosted its stake in shares of Dollar Tree by 164.0% in the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock worth $26,000 after acquiring an additional 164 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Dollar Tree by 79.0% in 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. Zions Bancorporation National Association UT acquired a new stake in Dollar Tree during the 1st quarter worth $30,000. Ameritas Advisory Services LLC acquired a new stake in Dollar Tree during the 2nd quarter worth $43,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Dollar Tree during the 2nd quarter worth approximately $50,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 sale, the director owned 4,089 shares in the company, valued at $410,208.48. This represents a 22.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert Aflatooni sold 1,260 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $94.70, for a total transaction of $119,322.00. Following the completion of the sale, the insider directly owned 21,402 shares in the company, valued at $2,026,769.40. This trade represents a 5.56% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DLTR. Sanford C. Bernstein reissued a “market perform” rating on shares of Dollar Tree in a research note on Thursday, October 16th. Piper Sandler reduced their price objective on 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 reaffirmed a “sell (e+)” rating on shares of Dollar Tree in a research report on Thursday, October 30th. Citigroup reduced their price target on Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Finally, Wells Fargo & Company reduced their price target 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. Nine equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $110.00.

Dollar Tree Trading Up 1.2%

DLTR opened at $102.07 on Wednesday. The firm has a market cap of $20.82 billion, a price-to-earnings ratio of -7.52, 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. The business’s 50 day moving average is $97.69 and its two-hundred day moving average is $98.88. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period in the previous year, the business posted $0.67 earnings per share. Dollar Tree’s quarterly revenue was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree announced that its board has initiated a stock buyback program on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 11.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.