US Bancorp DE Acquires 43,554 Shares of Dollar Tree, Inc. $DLTR

US Bancorp DE lifted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 39.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,415 shares of the company’s stock after acquiring an additional 43,554 shares during the quarter. US Bancorp DE owned 0.07% of Dollar Tree worth $15,194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC lifted its holdings in shares of Dollar Tree by 164.0% during 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 period. Brooklyn Investment Group increased its position in shares of Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after purchasing an additional 158 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Dollar Tree in the 1st quarter worth approximately $30,000. Ameritas Advisory Services LLC purchased a new position in shares of Dollar Tree in the second quarter worth approximately $43,000. Finally, CX Institutional bought a new stake in Dollar Tree during the first quarter valued at approximately $43,000. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Evercore ISI dropped their price target on shares of Dollar Tree from $105.00 to $102.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company lowered their price objective on 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 boosted their price objective on Dollar Tree from $70.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $138.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, September 4th. Finally, Sanford C. Bernstein lowered their price target on shares of Dollar Tree from $109.00 to $100.00 and set a “market perform” rating on the stock in a report on Monday, October 6th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $109.18.

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 stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the sale, the director directly owned 4,089 shares of the company’s stock, valued at approximately $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.60% of the stock is currently owned by insiders.

Dollar Tree Trading Down 1.6%

Shares of DLTR opened at $87.61 on Friday. The firm has a market cap of $17.87 billion, a P/E ratio of -6.46, a price-to-earnings-growth ratio of 1.59 and a beta of 0.85. 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, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The company has a 50 day simple moving average of $102.90 and a two-hundred day simple moving average of $95.49.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.39. The firm had revenue of $4.57 billion during 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%. Dollar Tree’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, equities analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its board has initiated a share buyback program on Wednesday, July 9th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 11.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Dollar Tree Company 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.