Philosophy Capital Management LLC Decreases Stake in Dollar Tree, Inc. $DLTR

Philosophy Capital Management LLC lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 56.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 166,638 shares of the company’s stock after selling 215,130 shares during the quarter. Dollar Tree comprises 0.9% of Philosophy Capital Management LLC’s investment portfolio, making the stock its 24th largest holding. Philosophy Capital Management LLC’s holdings in Dollar Tree were worth $12,510,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings in Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock worth $27,000 after acquiring an additional 158 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Dollar Tree in the 1st quarter worth about $30,000. CX Institutional purchased a new stake in Dollar Tree in the 1st quarter worth about $43,000. Sentry Investment Management LLC purchased a new stake in Dollar Tree in the 1st quarter worth about $48,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Dollar Tree by 121.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company’s stock worth $73,000 after acquiring an additional 534 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DLTR. BNP Paribas downgraded Dollar Tree from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Citigroup cut their target price on Dollar Tree from $130.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday. Telsey Advisory Group restated an “outperform” rating and issued a $130.00 target price on shares of Dollar Tree in a research note on Thursday. Guggenheim restated a “buy” rating and issued a $100.00 target price on shares of Dollar Tree in a research note on Thursday, June 5th. Finally, JPMorgan Chase & Co. raised their target price on Dollar Tree from $138.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday. Eight analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Dollar Tree currently has an average rating of “Hold” and an average price target of $106.95.

Dollar Tree Stock Performance

Shares of DLTR opened at $101.12 on Friday. The company has a market cap of $20.63 billion, a PE ratio of -7.45, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $110.41 and a 200-day moving average price of $91.07. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.39. The company had revenue of $4.57 billion during 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%.Dollar Tree’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. 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 earnings per share for the current fiscal year.

Dollar Tree announced that its board has authorized a share buyback program on Wednesday, July 9th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to buy up to 11.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.