Russell Investments Group Ltd. Decreases Stock Position in Dollar Tree, Inc. $DLTR

Russell Investments Group Ltd. lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 256,309 shares of the company’s stock after selling 1,515 shares during the period. Russell Investments Group Ltd.’s holdings in Dollar Tree were worth $25,385,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in Dollar Tree by 17.4% in the 1st quarter. Cetera Investment Advisers now owns 13,264 shares of the company’s stock worth $996,000 after purchasing an additional 1,963 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Dollar Tree by 4.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,353 shares of the company’s stock valued at $3,330,000 after purchasing an additional 1,953 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Dollar Tree by 5.4% in the first quarter. LPL Financial LLC now owns 99,280 shares of the company’s stock worth $7,453,000 after buying an additional 5,104 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Dollar Tree by 35.8% during the first quarter. Mackenzie Financial Corp now owns 83,929 shares of the company’s stock worth $6,301,000 after buying an additional 22,139 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Dollar Tree during the first quarter valued at $600,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $110.79 on Friday. The firm has a market capitalization of $22.60 billion, a P/E ratio of -8.16, a PEG ratio of 1.75 and a beta of 0.86. The stock has a 50-day simple moving average of $98.63 and a two-hundred day simple moving average of $101.45. 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 fifty-two week low of $61.80 and a fifty-two week high of $118.06.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.39. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Activity at Dollar Tree

In related news, insider Robert Aflatooni sold 1,260 shares of the stock in a transaction 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 sale, the insider directly owned 21,402 shares of the company’s stock, valued at approximately $2,026,769.40. This represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction 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 completion of the transaction, the director directly owned 4,089 shares of the company’s stock, valued at $410,208.48. The trade was a 22.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DLTR. The Goldman Sachs Group reissued a “sell” rating and issued a $103.00 target price (down from $133.00) on shares of Dollar Tree in a research report on Thursday, November 13th. New Street Research set a $103.00 price target on Dollar Tree in a research report on Thursday, October 16th. UBS Group reissued a “buy” rating and issued a $140.00 price objective on shares of Dollar Tree in a report on Tuesday, August 26th. Truist Financial raised their price objective on Dollar Tree from $127.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Finally, Citigroup decreased 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. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $108.63.

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.