Sumitomo Mitsui Trust Group Inc. Buys 59,690 Shares of Dollar Tree, Inc. $DLTR

Sumitomo Mitsui Trust Group Inc. increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 13.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 520,235 shares of the company’s stock after acquiring an additional 59,690 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Dollar Tree worth $51,524,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC lifted its stake in shares of Dollar Tree by 164.0% in the 2nd 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 increased its holdings in Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after purchasing an additional 158 shares during the period. Zions Bancorporation National Association UT purchased a new position in Dollar Tree during the 1st quarter valued at about $30,000. Ameritas Advisory Services LLC purchased a new position in Dollar Tree during the 2nd quarter valued at about $43,000. Finally, Trust Co. of Toledo NA OH purchased a new position in Dollar Tree during the 2nd quarter valued at about $50,000. Institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

DLTR has been the topic of a number of research analyst reports. Guggenheim reduced their price target on Dollar Tree from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, September 8th. Barclays upgraded Dollar Tree from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $95.00 to $138.00 in a report on Monday, July 21st. Bank of America boosted their price target on Dollar Tree from $70.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 4th. JPMorgan Chase & Co. boosted their price target on Dollar Tree from $138.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, September 4th. Finally, Morgan Stanley boosted their price target on Dollar Tree from $96.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and an average price target of $110.00.

Insider Activity at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of the company’s stock in a transaction that occurred 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 owned 4,089 shares in the company, valued at $410,208.48. This represents a 22.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Aflatooni sold 1,260 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $2,026,769.40. This trade represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

Dollar Tree Stock Performance

Dollar Tree stock opened at $102.59 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $20.93 billion, a P/E ratio of -7.56, a PEG ratio of 1.71 and a beta of 0.85. The stock’s 50 day moving average is $99.10 and its 200 day moving average is $97.60. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.39. The company 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 firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree declared that its board has initiated a stock repurchase plan on Wednesday, July 9th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 11.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.