Capital Investment Counsel Inc Decreases Stock Holdings in Dollar Tree, Inc. $DLTR

Capital Investment Counsel Inc decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 49.2% during the second quarter, Holdings Channel reports. The firm owned 2,450 shares of the company’s stock after selling 2,370 shares during the quarter. Capital Investment Counsel Inc’s holdings in Dollar Tree were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Dollar Tree by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company’s stock valued at $1,789,648,000 after buying an additional 389,490 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Dollar Tree by 0.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company’s stock valued at $750,323,000 after acquiring an additional 74,230 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in Dollar Tree by 21.4% during the first quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company’s stock valued at $723,788,000 after acquiring an additional 1,701,344 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Dollar Tree by 69.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock valued at $439,025,000 after acquiring an additional 2,400,586 shares during the period. Finally, Invesco Ltd. boosted its position in Dollar Tree by 8.8% in the first quarter. Invesco Ltd. now owns 3,529,998 shares of the company’s stock worth $264,997,000 after purchasing an additional 286,910 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $103.15 on Friday. The company has a market capitalization of $21.04 billion, a price-to-earnings ratio of -7.60, a PEG ratio of 1.75 and a beta of 0.86. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The stock’s 50-day simple moving average is $97.23 and its 200-day simple moving average is $99.78. Dollar Tree, Inc. has a 52 week low of $61.70 and a 52 week high of $118.06.

Dollar Tree (NASDAQ:DLTR) last issued 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. 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 for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the company earned $0.67 EPS. The firm’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. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In related news, insider Robert Aflatooni sold 1,260 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 21,402 shares of the company’s stock, valued at approximately $2,026,769.40. This trade represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction on Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the sale, the director owned 4,089 shares in the company, valued at approximately $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup reduced their price target on shares of Dollar Tree from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Piper Sandler reduced their target price on shares of Dollar Tree from $112.00 to $108.00 and set a “neutral” rating for the company in a report on Thursday, September 4th. The Goldman Sachs Group reiterated a “sell” rating and set a $103.00 price target (down previously from $133.00) on shares of Dollar Tree in a research note on Thursday. Weiss Ratings restated a “sell (e+)” rating on shares of Dollar Tree in a research note on Thursday, October 30th. Finally, Truist Financial lifted their target price on Dollar Tree from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $108.63.

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.