500 Shares in Dollar Tree, Inc. $DLTR Acquired by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the second quarter, according to its most recent filing with the SEC. The firm bought 500 shares of the company’s stock, valued at approximately $50,000.

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

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $92.59 on Tuesday. The firm has a market cap of $18.89 billion, a PE ratio of -6.82, a PEG ratio of 1.59 and a beta of 0.85. The firm has a fifty day moving average of $102.43 and a 200 day moving average of $95.76. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.38 by $0.39. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 11.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have commented on DLTR shares. Sanford C. Bernstein decreased their price objective on shares of Dollar Tree from $109.00 to $100.00 and set a “market perform” rating for the company in a research note on Monday, October 6th. Guggenheim decreased their price objective on shares of Dollar Tree from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, September 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Dollar Tree in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Dollar Tree from $138.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, September 4th. Finally, Piper Sandler lowered their price target on shares of Dollar Tree from $112.00 to $108.00 and set a “neutral” rating on the stock in a report on Thursday, September 4th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $109.18.

Insider Activity

In other news, Director Stephanie Stahl sold 1,185 shares of the company’s stock in a transaction on Friday, September 5th. The shares were 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 represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is owned by insiders.

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.