Forum Financial Management LP Makes New $346,000 Investment in Dollar Tree, Inc. $DLTR

Forum Financial Management LP bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,489 shares of the company’s stock, valued at approximately $346,000.

Other institutional investors also recently bought and sold shares of the company. LBP AM SA purchased a new position in Dollar Tree in the second quarter worth about $7,742,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Dollar Tree by 50.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock valued at $1,030,000 after acquiring an additional 4,619 shares in the last quarter. McGinn Penninger Investment Management Inc. raised its holdings in Dollar Tree by 13.2% in the 1st quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company’s stock worth $5,149,000 after acquiring an additional 8,015 shares during the last quarter. IFM Investors Pty Ltd lifted its position in Dollar Tree by 7.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 38,021 shares of the company’s stock valued at $3,766,000 after acquiring an additional 2,666 shares in the last quarter. Finally, Bastion Asset Management Inc. purchased a new stake in Dollar Tree during the 1st quarter valued at $3,585,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Down 1.6%

DLTR stock opened at $99.05 on Friday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The business’s 50-day moving average is $99.29 and its two-hundred day moving average is $97.22. 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 company has a market cap of $20.20 billion, a price-to-earnings ratio of -7.30, a P/E/G ratio of 1.71 and a beta of 0.85.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.39. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the prior year, the company earned $0.67 earnings per share. Dollar Tree’s revenue was up 12.3% on a year-over-year basis. 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 year.

Dollar Tree announced that its Board of Directors has approved a share repurchase program on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to buy up to 11.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have commented on DLTR shares. Gordon Haskett downgraded Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 target price on the stock. in a research note on Wednesday, September 3rd. Jefferies Financial Group reissued an “underperform” rating and issued a $70.00 target price (down previously from $110.00) on shares of Dollar Tree in a research report on Tuesday, October 7th. Wells Fargo & Company dropped their price target on shares of Dollar Tree from $130.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. Truist Financial lifted their price target on shares of Dollar Tree from $127.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Finally, Bank of America lifted their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 4th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $110.00.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the company’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 completion of the sale, the director owned 4,089 shares in the company, valued at $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert Aflatooni sold 1,260 shares of the company’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $94.70, for a total value of $119,322.00. Following the completion of the sale, the insider owned 21,402 shares of the company’s stock, valued at approximately $2,026,769.40. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. 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.