Savoir Faire Capital Management L.P. Has $5.32 Million Holdings in Dollar Tree, Inc. $DLTR

Savoir Faire Capital Management L.P. increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 60.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 53,758 shares of the company’s stock after acquiring an additional 20,218 shares during the period. Dollar Tree accounts for approximately 2.6% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 14th biggest position. Savoir Faire Capital Management L.P.’s holdings in Dollar Tree were worth $5,324,000 as of its most recent SEC filing.

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

Insider Activity

In related news, Director Stephanie Stahl sold 1,185 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the transaction, the director directly owned 4,089 shares of the company’s stock, valued at approximately $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Aflatooni sold 1,260 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $94.70, for a total transaction of $119,322.00. Following the transaction, the insider directly owned 21,402 shares in the company, valued at approximately $2,026,769.40. This represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Sanford C. Bernstein restated a “market perform” rating on shares of Dollar Tree in a report on Thursday, October 16th. Truist Financial upped their price target on shares of Dollar Tree from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Evercore ISI set a $100.00 price target on shares of Dollar Tree in a research report on Tuesday, October 21st. Gordon Haskett lowered shares of Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 price target on the stock. in a research report on Wednesday, September 3rd. Finally, Guggenheim dropped their price target on shares of Dollar Tree from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, September 8th. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average target price of $110.00.

Dollar Tree Price Performance

Shares of DLTR opened at $98.80 on Friday. The firm has a market capitalization of $20.15 billion, a PE ratio of -7.28, a PEG ratio of 1.75 and a beta of 0.85. The company’s 50-day moving average is $98.39 and its 200-day moving average is $98.02. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week 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.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.39. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its board has approved a share repurchase program on Wednesday, July 9th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 11.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.