Dollar Tree, Inc. $DLTR Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,160 shares of the company’s stock after selling 3,970 shares during the quarter. Louisbourg Investments Inc.’s holdings in Dollar Tree were worth $4,473,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC lifted its holdings in shares of 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 buying an additional 164 shares during the period. Brooklyn Investment Group lifted its holdings in shares of 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 buying an additional 158 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Dollar Tree in the first quarter valued at $30,000. CX Institutional acquired a new stake in shares of Dollar Tree in the first quarter valued at $43,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Dollar Tree during the second quarter worth $43,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Down 1.6%

NASDAQ:DLTR opened at $87.61 on Friday. The firm has a market capitalization of $17.87 billion, a price-to-earnings ratio of -6.46, a PEG ratio of 1.62 and a beta of 0.85. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $118.06. 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 business’s fifty day moving average price is $102.90 and its 200 day moving average price is $95.31.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results 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 firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.Dollar Tree’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree declared that its Board of Directors has approved a share repurchase plan on Wednesday, July 9th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 11.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Stephanie Stahl sold 1,185 shares of the company’s stock in a transaction on Friday, September 5th. The stock was 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. The trade was a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DLTR shares. Guggenheim reduced their target price on Dollar Tree from $130.00 to $125.00 and set a “buy” rating for the company in a report on Monday, September 8th. Sanford C. Bernstein reduced their target price on Dollar Tree from $109.00 to $100.00 and set a “market perform” rating for the company in a report on Monday, October 6th. Morgan Stanley upped their target price on Dollar Tree from $96.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Citigroup reduced their target price on Dollar Tree from $130.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Dollar Tree in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $109.18.

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.