Wealthfront Advisers LLC Acquires 37,508 Shares of Dollar Tree, Inc. $DLTR

Wealthfront Advisers LLC boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 566.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,135 shares of the company’s stock after purchasing an additional 37,508 shares during the period. Wealthfront Advisers LLC’s holdings in Dollar Tree were worth $4,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLTR. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Dollar Tree by 50.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock valued at $1,030,000 after acquiring an additional 4,619 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Dollar Tree by 4.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,086 shares of the company’s stock valued at $1,283,000 after purchasing an additional 733 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Dollar Tree by 510.1% during the 1st quarter. Bessemer Group Inc. now owns 2,117 shares of the company’s stock worth $159,000 after purchasing an additional 1,770 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in shares of Dollar Tree during the 1st quarter worth approximately $222,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Dollar Tree by 88.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 42,499 shares of the company’s stock valued at $3,190,000 after buying an additional 19,975 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

In related news, insider Robert Aflatooni sold 1,260 shares of the firm’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $94.70, for a total transaction of $119,322.00. Following the transaction, the insider directly owned 21,402 shares of the company’s stock, valued at approximately $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 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 completion of the sale, the director owned 4,089 shares of the company’s stock, valued at $410,208.48. This trade represents a 22.47% decrease in their position. The SEC filing for this sale provides additional information. 6.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. New Street Research set a $103.00 target price on shares of Dollar Tree in a report on Thursday, October 16th. Morgan Stanley boosted their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Dollar Tree in a report on Thursday, October 16th. Jefferies Financial Group reiterated an “underperform” rating and set a $70.00 price target (down previously from $110.00) on shares of Dollar Tree in a report on Tuesday, October 7th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $130.00 price target on shares of Dollar Tree in a research report on Thursday, October 16th. Nine analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $110.00.

Dollar Tree Stock Up 0.1%

Dollar Tree stock opened at $102.70 on Wednesday. The company’s 50-day moving average price is $98.91 and its two-hundred day moving average price is $97.81. 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 stock has a market cap of $20.95 billion, a P/E ratio of -7.57, a P/E/G ratio of 1.77 and a beta of 0.85. 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 earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating 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 revenue for the quarter was up 12.3% on a year-over-year basis. 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. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its Board of Directors has approved a stock buyback program on Wednesday, July 9th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 11.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

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.