Nicholas Wealth LLC. Takes Position in Dollar Tree, Inc. $DLTR

Nicholas Wealth LLC. bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,223 shares of the company’s stock, valued at approximately $1,310,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. TD Private Client Wealth LLC increased its holdings in Dollar Tree by 164.0% in the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock worth $26,000 after purchasing an additional 164 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock worth $27,000 after acquiring an additional 158 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of Dollar Tree by 372.5% in the second quarter. True Wealth Design LLC now owns 378 shares of the company’s stock valued at $37,000 after purchasing an additional 298 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Dollar Tree during the 1st quarter worth $30,000. Finally, MTM Investment Management LLC purchased a new position in Dollar Tree during the second quarter worth about $42,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were 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 in the company, valued at $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Aflatooni sold 1,260 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The SEC filing for this sale provides additional information. 6.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DLTR shares. New Street Research set a $103.00 price target on shares of Dollar Tree in a research note on Thursday, October 16th. Wells Fargo & Company cut their price objective on shares of Dollar Tree from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, October 10th. Gordon Haskett lowered shares of Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 target price on the stock. in a report on Wednesday, September 3rd. Jefferies Financial Group reissued an “underperform” rating and issued a $70.00 price target (down from $110.00) on shares of Dollar Tree in a report on Tuesday, October 7th. Finally, Citigroup decreased their price target on shares of Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus target price of $108.63.

Dollar Tree Stock Down 2.0%

Shares of NASDAQ:DLTR opened at $101.57 on Wednesday. The firm has a market capitalization of $20.72 billion, a PE ratio of -7.48, a price-to-earnings-growth ratio of 1.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. Dollar Tree, Inc. has a 52-week low of $61.70 and a 52-week high of $118.06. The firm has a fifty day moving average of $97.49 and a 200 day moving average of $100.49.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. 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. As a group, research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree 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.