Brown Miller Wealth Management LLC Makes New Investment in Dollar Tree, Inc. $DLTR

Brown Miller Wealth Management LLC acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,320 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds also recently modified their holdings of DLTR. TD Private Client Wealth LLC grew its holdings in Dollar Tree by 164.0% during the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock worth $26,000 after acquiring an additional 164 shares during the period. Brooklyn Investment Group boosted its stake 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 purchasing an additional 158 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Dollar Tree in the first quarter worth $30,000. Ameritas Advisory Services LLC acquired a new position in shares of Dollar Tree in the 2nd quarter valued at about $43,000. Finally, CX Institutional purchased a new stake in Dollar Tree in the 1st quarter worth approximately $43,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on DLTR. Gordon Haskett cut shares of Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 target price for the company. in a research note on Wednesday, September 3rd. Guggenheim dropped their price target on Dollar Tree from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, September 8th. Citigroup cut their price objective on shares of Dollar Tree from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. 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 report on Thursday, September 4th. Finally, Bank of America upped their price objective on Dollar Tree from $70.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 4th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given 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 $111.29.

Insider Activity

In other news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction that occurred on 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 transaction, the director directly owned 4,089 shares in the company, valued at approximately $410,208.48. The trade was a 22.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.60% of the stock is currently owned by insiders.

Dollar Tree Stock Down 0.3%

Shares of Dollar Tree stock opened at $89.98 on Friday. The business has a fifty day simple moving average of $105.61 and a 200 day simple moving average of $94.80. The stock has a market cap of $18.35 billion, a PE ratio of -6.63, a price-to-earnings-growth ratio of 1.64 and a beta of 0.85. 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, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06.

Dollar Tree (NASDAQ:DLTR) last posted its 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. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period last year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its board has approved a stock buyback plan on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 11.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are 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.