Westerkirk Capital Inc. Purchases New Position in Dollar Tree, Inc. $DLTR

Westerkirk Capital Inc. acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 57,000 shares of the company’s stock, valued at approximately $5,645,000.

Other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC grew its position in shares of Dollar Tree by 164.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock valued at $26,000 after buying an additional 164 shares during the last quarter. Brooklyn Investment Group lifted its position in Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after acquiring an additional 158 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Dollar Tree in the first quarter valued at $30,000. True Wealth Design LLC grew its holdings in shares of Dollar Tree by 372.5% during the second quarter. True Wealth Design LLC now owns 378 shares of the company’s stock worth $37,000 after purchasing an additional 298 shares during the last quarter. Finally, MTM Investment Management LLC purchased a new position in shares of Dollar Tree during the second quarter worth about $42,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group reissued an “underperform” rating and issued a $70.00 target price (down from $110.00) on shares of Dollar Tree in a research report on Tuesday, October 7th. Sanford C. Bernstein reissued a “market perform” rating on shares of Dollar Tree in a report on Thursday, October 16th. Wolfe Research began coverage on shares of Dollar Tree in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. Piper Sandler reduced their price target on shares of Dollar Tree from $112.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, September 4th. Finally, Bank of America increased their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 4th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $108.63.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $109.89 on Tuesday. The stock has a fifty day moving average price of $98.94 and a 200 day moving average price of $101.73. Dollar Tree, Inc. has a 1-year low of $61.80 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 company has a market cap of $22.41 billion, a PE ratio of -8.10, a P/E/G ratio of 1.75 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data 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 negative net margin of 13.46% and a positive return on equity of 23.52%. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the previous year, the company posted $0.67 EPS. Dollar Tree’s revenue was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Insider Activity

In related news, insider Robert Aflatooni sold 1,260 shares of the firm’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $94.70, for a total value of $119,322.00. Following the completion of the sale, the insider owned 21,402 shares in the company, valued at $2,026,769.40. This trade represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephanie Stahl sold 1,185 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 4,089 shares in the company, valued at $410,208.48. The trade was a 22.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.60% of the company’s stock.

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.