Bayforest Capital Ltd Reduces Stock Position in Dollar Tree, Inc. $DLTR

Bayforest Capital Ltd decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,619 shares of the company’s stock after selling 308 shares during the quarter. Dollar Tree makes up 0.6% of Bayforest Capital Ltd’s holdings, making the stock its 5th largest holding. Bayforest Capital Ltd’s holdings in Dollar Tree were worth $1,448,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. LBP AM SA purchased a new stake in shares of Dollar Tree during the 2nd quarter worth $7,742,000. Wealth Enhancement Advisory Services LLC raised its stake in Dollar Tree by 50.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock valued at $1,030,000 after buying an additional 4,619 shares during the last quarter. McGinn Penninger Investment Management Inc. boosted its holdings in Dollar Tree by 13.2% in the first quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company’s stock worth $5,149,000 after acquiring an additional 8,015 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Dollar Tree by 7.5% during the second 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 in the last quarter. Finally, Bastion Asset Management Inc. acquired a new position in shares of Dollar Tree during the first quarter valued at about $3,585,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DLTR. Weiss Ratings restated a “sell (d-)” rating on shares of Dollar Tree in a research note on Wednesday, October 8th. Morgan Stanley raised their price objective on Dollar Tree from $96.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. BNP Paribas lowered Dollar Tree from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Wolfe Research started coverage on Dollar Tree in a report on Thursday, September 18th. They set a “peer perform” rating on the stock. Finally, Bank of America raised their target price on Dollar Tree from $70.00 to $75.00 and gave the stock an “underperform” rating in a report on Thursday, September 4th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Dollar Tree presently has an average rating of “Hold” and an average target price of $109.18.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $92.59 on Tuesday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06. The company has a market cap of $18.89 billion, a price-to-earnings ratio of -6.82, a PEG ratio of 1.59 and a beta of 0.85. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. The business’s 50 day moving average price is $102.43 and its 200 day moving average price is $95.76.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.38 by $0.39. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 EPS. 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 declared that its board has approved a stock buyback program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the company to repurchase up to 11.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors 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.