Bessemer Group Inc. Raises Stock Holdings in Dollar Tree, Inc. $DLTR

Bessemer Group Inc. lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 182.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,990 shares of the company’s stock after purchasing an additional 3,873 shares during the period. Bessemer Group Inc.’s holdings in Dollar Tree were worth $594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DLTR. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Dollar Tree by 4.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,086 shares of the company’s stock worth $1,283,000 after buying an additional 733 shares during the period. Amalgamated Bank raised its holdings in shares of Dollar Tree by 0.7% in the first quarter. Amalgamated Bank now owns 39,283 shares of the company’s stock worth $2,949,000 after buying an additional 265 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of Dollar Tree by 31.7% in the first quarter. Vontobel Holding Ltd. now owns 12,344 shares of the company’s stock worth $927,000 after buying an additional 2,974 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Dollar Tree by 26.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,829 shares of the company’s stock worth $1,939,000 after buying an additional 5,328 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of Dollar Tree by 11.6% in the first quarter. Private Trust Co. NA now owns 1,527 shares of the company’s stock worth $115,000 after buying an additional 159 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 0.3%

Shares of NASDAQ DLTR opened at $99.12 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $20.22 billion, a PE ratio of -7.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85. The stock’s fifty day simple moving average is $98.11 and its two-hundred day simple moving average is $98.39. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results 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. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its board has authorized a share buyback 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 shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DLTR. Sanford C. Bernstein reiterated a “market perform” rating on shares of Dollar Tree in a report on Thursday, October 16th. Wells Fargo & Company dropped their price objective on Dollar Tree from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, October 10th. Citigroup dropped their price objective on Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Evercore ISI set a $100.00 price objective on Dollar Tree in a research note on Tuesday, October 21st. Finally, Guggenheim dropped their price objective on Dollar Tree from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, September 8th. Nine equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $110.00.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 1,260 shares of the stock in a transaction on Friday, October 17th. The stock was sold at an average price of $94.70, for a total transaction of $119,322.00. Following the sale, the insider owned 21,402 shares of the company’s stock, valued at approximately $2,026,769.40. This trade represents a 5.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction on Friday, September 5th. The shares were 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 in the company, valued at $410,208.48. This trade represents a 22.47% decrease in their position. The SEC filing for this sale provides additional information. 6.60% of the stock is currently owned by company insiders.

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.