OFI Invest Asset Management Buys New Holdings in Dollar Tree, Inc. $DLTR

OFI Invest Asset Management bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,373 shares of the company’s stock, valued at approximately $136,000.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC raised its holdings in Dollar Tree by 164.0% in the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock valued at $26,000 after acquiring an additional 164 shares in the last quarter. Brooklyn Investment Group raised its holdings in Dollar Tree by 79.0% during the first quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock worth $27,000 after purchasing an additional 158 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Dollar Tree during the first quarter worth approximately $30,000. Ameritas Advisory Services LLC acquired a new stake in Dollar Tree during the second quarter worth approximately $43,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in Dollar Tree during the second quarter worth approximately $50,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, September 5th. UBS Group restated a “buy” rating and set a $140.00 target price on shares of Dollar Tree in a research report on Tuesday, August 26th. Wells Fargo & Company lowered their target price on shares of Dollar Tree from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday. Bank of America raised their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 4th. Finally, Jefferies Financial Group restated an “underperform” rating and set a $70.00 target price (down from $110.00) on shares of Dollar Tree in a research report on Tuesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and a consensus target price of $109.18.

Insider Activity at Dollar Tree

In other Dollar Tree 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 transaction of $118,879.20. Following the sale, the director directly owned 4,089 shares in the company, valued at approximately $410,208.48. The trade was a 22.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.60% of the company’s stock.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $87.61 on Monday. The firm’s fifty day moving average price is $102.90 and its 200 day moving average price is $95.62. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $118.06. 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 market cap of $17.87 billion, a price-to-earnings 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 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 for the quarter, compared to analyst estimates of $4.46 billion. During the same period last year, the firm posted $0.67 EPS. Dollar Tree’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. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS 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 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 a sign that the company’s board believes its shares are undervalued.

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.