2,469 Shares in Dollar Tree, Inc. $DLTR Acquired by Belfer Management LLC

Belfer Management LLC bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the second quarter, Holdings Channel reports. The firm bought 2,469 shares of the company’s stock, valued at approximately $245,000. Dollar Tree accounts for approximately 3.7% of Belfer Management LLC’s investment portfolio, making the stock its 13th largest position.

Other institutional investors also recently bought and sold shares of the company. LBP AM SA acquired a new stake in Dollar Tree in the 2nd quarter worth approximately $7,742,000. Wealth Enhancement Advisory Services LLC lifted its stake in Dollar Tree by 50.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock valued at $1,030,000 after acquiring an additional 4,619 shares during the period. McGinn Penninger Investment Management Inc. lifted its stake in Dollar Tree by 13.2% during the 1st quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company’s stock valued at $5,149,000 after acquiring an additional 8,015 shares during the period. IFM Investors Pty Ltd lifted its stake in Dollar Tree by 7.5% during the 2nd quarter. IFM Investors Pty Ltd now owns 38,021 shares of the company’s stock valued at $3,766,000 after acquiring an additional 2,666 shares during the period. Finally, Bastion Asset Management Inc. acquired a new stake in Dollar Tree during the 1st quarter valued at approximately $3,585,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DLTR has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Dollar Tree from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Dollar Tree in a research note on Wednesday. Jefferies Financial Group restated an “underperform” rating and set a $70.00 price objective (down from $110.00) on shares of Dollar Tree in a research note on Tuesday. Wolfe Research began coverage on shares of Dollar Tree in a research note on Thursday, September 18th. They issued a “peer perform” rating for the company. Finally, BNP Paribas cut shares of Dollar Tree from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $109.18.

Dollar Tree Stock Performance

DLTR opened at $87.61 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. The firm has a fifty day moving average price of $102.90 and a 200 day moving average price of $95.31. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The stock has a market cap of $17.87 billion, a P/E ratio of -6.46, a P/E/G ratio of 1.62 and a beta of 0.85.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results 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 firm 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 business’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its Board of Directors has approved a stock repurchase program on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to buy up to 11.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Stephanie Stahl sold 1,185 shares of the business’s stock in a transaction 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 sale, the director owned 4,089 shares of the company’s stock, valued at approximately $410,208.48. The trade was a 22.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.60% of the company’s stock.

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.