Securian Asset Management Inc. Lowers Stock Holdings in Dollar Tree, Inc. $DLTR

Securian Asset Management Inc. lowered its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,261 shares of the company’s stock after selling 300 shares during the quarter. Securian Asset Management Inc.’s holdings in Dollar Tree were worth $1,016,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. TD Private Client Wealth LLC raised its holdings in shares of Dollar Tree by 164.0% during the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock valued at $26,000 after acquiring an additional 164 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Dollar Tree by 79.0% during the first quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after acquiring an additional 158 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Dollar Tree during the first quarter valued at approximately $30,000. Ameritas Advisory Services LLC acquired a new position in shares of Dollar Tree during the second quarter valued at approximately $43,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Dollar Tree during the second quarter valued at approximately $50,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 0.1%

Shares of DLTR opened at $100.62 on Friday. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $118.06. The company has a market capitalization of $20.52 billion, a PE ratio of -7.41, a price-to-earnings-growth ratio of 1.77 and a beta of 0.85. The stock has a fifty day simple moving average of $99.58 and a two-hundred day simple moving average of $96.82. 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 issued its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period last year, the company earned $0.67 EPS. The company’s revenue for the quarter 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, equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree announced that its board has initiated a stock repurchase program on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to buy up to 11.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research analyst reports. Guggenheim reduced their target price on Dollar Tree from $130.00 to $125.00 and set a “buy” rating for the company in a report on Monday, September 8th. The Goldman Sachs Group set a $133.00 target price on Dollar Tree and gave the company a “buy” rating in a report on Monday. Bank of America increased their target price on Dollar Tree from $70.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 4th. Barclays raised Dollar Tree from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $95.00 to $138.00 in a report on Monday, July 21st. Finally, Piper Sandler cut their price target on Dollar Tree from $112.00 to $108.00 and set a “neutral” rating for the company in a report on Thursday, September 4th. Nine research 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 data from MarketBeat, Dollar Tree has an average rating of “Hold” and an average price target of $110.00.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 1,260 shares of the firm’s stock in a transaction 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 $2,026,769.40. This trade represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephanie Stahl sold 1,185 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $100.32, for a total value 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. This trade represents a 22.47% decrease in their position. The disclosure for this sale can be found here. 6.60% of the stock is owned by company 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.