Maryland State Retirement & Pension System Acquires 421 Shares of Dollar Tree, Inc. $DLTR

Maryland State Retirement & Pension System raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,873 shares of the company’s stock after buying an additional 421 shares during the period. Maryland State Retirement & Pension System’s holdings in Dollar Tree were worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in DLTR. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 buying an additional 2,400,586 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Dollar Tree by 1,055.1% during the first quarter. Alyeska Investment Group L.P. now owns 2,322,189 shares of the company’s stock valued at $174,327,000 after purchasing an additional 2,121,149 shares in the last quarter. EdgePoint Investment Group Inc. lifted its position in shares of 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 purchasing an additional 1,701,344 shares in the last quarter. Maverick Capital Ltd. bought a new position in shares of Dollar Tree during the first quarter valued at about $69,890,000. Finally, Alliancebernstein L.P. lifted its position in shares of Dollar Tree by 155.1% during the first quarter. Alliancebernstein L.P. now owns 1,353,050 shares of the company’s stock valued at $101,573,000 after purchasing an additional 822,694 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. BNP Paribas lowered shares of Dollar Tree from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Piper Sandler dropped their price target on shares of Dollar Tree from $112.00 to $108.00 and set a “neutral” rating on the stock in a research report on Thursday, September 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Dollar Tree in a research report on Wednesday, October 8th. Wolfe Research assumed coverage on shares of Dollar Tree in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. Finally, UBS Group reissued a “buy” rating and set a $140.00 price target on shares of Dollar Tree in a research report on Tuesday, August 26th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $109.18.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $87.61 on Monday. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $118.06. The company has a 50-day simple moving average of $102.90 and a 200 day simple moving average of $95.62. 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 company has a market capitalization of $17.87 billion, a PE ratio of -6.46, a price-to-earnings-growth ratio of 1.59 and a beta of 0.85.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.39. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 earnings per share. 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 authorized a stock repurchase program on Wednesday, July 9th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the company to buy up to 11.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction dated 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 owned 4,089 shares in the company, valued at $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.60% of the stock is owned by insiders.

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.