Savant Capital LLC Makes New Investment in Dollar Tree, Inc. $DLTR

Savant Capital LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the 2nd quarter, Holdings Channel reports. The firm purchased 8,611 shares of the company’s stock, valued at approximately $853,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Dollar Tree by 1.7% in the first quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company’s stock worth $1,789,648,000 after acquiring an additional 389,490 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Dollar Tree by 0.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company’s stock worth $750,323,000 after purchasing an additional 74,230 shares during the period. EdgePoint Investment Group Inc. boosted its holdings in shares of Dollar Tree by 21.4% in the 1st quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company’s stock valued at $723,788,000 after purchasing an additional 1,701,344 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Dollar Tree by 69.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock valued at $439,025,000 after buying an additional 2,400,586 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Dollar Tree by 8.8% during the 1st quarter. Invesco Ltd. now owns 3,529,998 shares of the company’s stock worth $264,997,000 after buying an additional 286,910 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Down 2.9%

NASDAQ DLTR opened at $103.15 on Friday. The stock has a market cap of $21.04 billion, a PE ratio of -7.60, a P/E/G ratio of 1.75 and a beta of 0.86. Dollar Tree, Inc. has a fifty-two week low of $61.70 and a fifty-two week high of $118.06. The business has a 50 day moving average price of $97.23 and a two-hundred day moving average price of $99.78. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.39. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction dated 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 directly owned 4,089 shares of the company’s stock, valued at approximately $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Aflatooni sold 1,260 shares of the stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $94.70, for a total value of $119,322.00. Following the completion of the transaction, the insider directly owned 21,402 shares of the company’s stock, valued at $2,026,769.40. This represents a 5.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DLTR. Weiss Ratings reiterated a “sell (e+)” rating on shares of Dollar Tree in a report on Thursday, October 30th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $70.00 price objective (down from $110.00) on shares of Dollar Tree in a research note on Tuesday, October 7th. JPMorgan Chase & Co. boosted their target price on Dollar Tree from $138.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, September 4th. The Goldman Sachs Group restated a “sell” rating and issued a $103.00 price target (down previously from $133.00) on shares of Dollar Tree in a report on Thursday. Finally, Barclays raised shares of Dollar Tree from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $138.00 in a research report on Monday, July 21st. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $108.63.

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.