Burney Co. Sells 1,320 Shares of Dollar Tree, Inc. $DLTR

Burney Co. reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 16.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,872 shares of the company’s stock after selling 1,320 shares during the quarter. Burney Co.’s holdings in Dollar Tree were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DLTR. Private Trust Co. NA boosted its stake in shares of Dollar Tree by 11.6% during the 1st 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 period. Teacher Retirement System of Texas bought a new position in Dollar Tree in the 1st quarter valued at about $2,242,000. OneDigital Investment Advisors LLC raised its holdings in Dollar Tree by 53.8% in the 1st quarter. OneDigital Investment Advisors LLC now owns 4,238 shares of the company’s stock valued at $318,000 after acquiring an additional 1,482 shares during the period. Envestnet Asset Management Inc. raised its holdings in Dollar Tree by 24.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 324,196 shares of the company’s stock valued at $24,337,000 after acquiring an additional 63,615 shares during the period. Finally, Greenleaf Trust bought a new position in Dollar Tree in the 1st quarter valued at about $219,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Up 2.8%

Dollar Tree stock opened at $104.92 on Thursday. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06. The firm has a 50 day moving average price of $97.53 and a 200-day moving average price of $98.92. The company has a market capitalization of $21.40 billion, a P/E ratio of -7.73, a P/E/G ratio of 1.75 and a beta of 0.85. 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 released its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share 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 firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the prior year, the firm earned $0.67 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, equities analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its board has initiated a stock repurchase program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 11.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Stephanie Stahl sold 1,185 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 4,089 shares in the company, valued at approximately $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Aflatooni sold 1,260 shares of the business’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 value of $119,322.00. Following the completion of the sale, the insider owned 21,402 shares of the company’s stock, valued at $2,026,769.40. The trade was a 5.56% decrease in their position. The SEC filing for this sale provides additional information. 6.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DLTR has been the topic of several research analyst reports. Jefferies Financial Group reissued an “underperform” rating and issued a $70.00 price target (down from $110.00) on shares of Dollar Tree in a report on Tuesday, October 7th. Guggenheim decreased their price objective on Dollar Tree from $130.00 to $125.00 and set a “buy” rating for the company in a report on Monday, September 8th. Morgan Stanley boosted their price objective on Dollar Tree from $96.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. New Street Research set a $103.00 price objective on Dollar Tree in a report on Thursday, October 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Dollar Tree from $138.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, September 4th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $110.00.

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.