Focus Partners Advisor Solutions LLC Boosts Stake in Dollar Tree, Inc. $DLTR

Focus Partners Advisor Solutions LLC lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 173.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,273 shares of the company’s stock after acquiring an additional 5,247 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Dollar Tree were worth $819,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DLTR. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Dollar Tree by 50.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock worth $1,030,000 after acquiring an additional 4,619 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Dollar Tree by 4.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,086 shares of the company’s stock worth $1,283,000 after acquiring an additional 733 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Dollar Tree by 510.1% during the 1st quarter. Bessemer Group Inc. now owns 2,117 shares of the company’s stock worth $159,000 after acquiring an additional 1,770 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of Dollar Tree during the 1st quarter worth about $222,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Dollar Tree by 88.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 42,499 shares of the company’s stock worth $3,190,000 after acquiring an additional 19,975 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wolfe Research assumed coverage on shares of Dollar Tree in a research note on Thursday, September 18th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. increased 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. Truist Financial upped their price target on shares of Dollar Tree from $127.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Morgan Stanley upped their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Finally, Evercore ISI set a $100.00 price target on shares of Dollar Tree in a research report on Tuesday, October 21st. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $110.00.

Dollar Tree Stock Up 0.1%

DLTR stock opened at $102.70 on Wednesday. The company has a market cap of $20.95 billion, a price-to-earnings ratio of -7.57, a PEG ratio of 1.77 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The firm has a 50-day moving average of $98.91 and a two-hundred day moving average of $97.81.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.39. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior 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 forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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

Insider Transactions at Dollar Tree

In other news, insider Robert Aflatooni sold 1,260 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $94.70, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephanie Stahl sold 1,185 shares of the firm’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 transaction of $118,879.20. Following the sale, the director owned 4,089 shares of the company’s stock, valued at $410,208.48. This represents a 22.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.60% of the stock is currently owned by corporate insiders.

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.