Dollar Tree, Inc. $DLTR Stock Holdings Boosted by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3,581.3% during the 1st quarter, Holdings Channel reports. The firm owned 85,554 shares of the company’s stock after purchasing an additional 83,230 shares during the period. Jones Financial Companies Lllp’s holdings in Dollar Tree were worth $6,423,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UniSuper Management Pty Ltd grew its holdings in Dollar Tree by 8.9% during the first quarter. UniSuper Management Pty Ltd now owns 32,922 shares of the company’s stock worth $2,471,000 after acquiring an additional 2,694 shares during the period. Scientech Research LLC bought a new position in shares of Dollar Tree during the 1st quarter valued at about $1,175,000. Shellback Capital LP bought a new position in shares of Dollar Tree during the 1st quarter valued at about $3,754,000. Parsifal Capital Management LP acquired a new position in shares of Dollar Tree in the 1st quarter worth approximately $42,632,000. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in shares of Dollar Tree by 1.1% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 26,249 shares of the company’s stock worth $1,971,000 after purchasing an additional 273 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

DLTR stock opened at $96.30 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. The stock has a market cap of $19.64 billion, a P/E ratio of -7.10, a P/E/G ratio of 1.81 and a beta of 0.89. The firm has a 50 day simple moving average of $110.32 and a 200 day simple moving average of $91.49. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’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. Research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree declared that its board has approved a stock buyback program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the company to reacquire up to 11.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Stephanie Stahl sold 1,185 shares of the firm’s 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. This trade represents 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 owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 price target on shares of Dollar Tree in a research report on Thursday, September 4th. Piper Sandler reduced their price objective on Dollar Tree from $112.00 to $108.00 and set a “neutral” rating for the company in a research note on Thursday, September 4th. Cfra Research raised Dollar Tree to a “hold” rating in a report on Wednesday, May 28th. Guggenheim decreased their price target on Dollar Tree from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Monday. Finally, Barclays upgraded Dollar Tree from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $95.00 to $138.00 in a report on Monday, July 21st. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $109.28.

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.