Ritholtz Wealth Management Acquires Shares of 3,662 Dollar Tree, Inc. $DLTR

Ritholtz Wealth Management acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, HoldingsChannel reports. The firm acquired 3,662 shares of the company’s stock, valued at approximately $363,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Dollar Tree by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company’s stock valued at $1,789,648,000 after purchasing an additional 389,490 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Dollar Tree by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company’s stock valued at $750,323,000 after purchasing an additional 74,230 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings in Dollar Tree by 21.4% in the 1st quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company’s stock valued at $723,788,000 after purchasing an additional 1,701,344 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Dollar Tree by 69.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock valued at $439,025,000 after purchasing an additional 2,400,586 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Dollar Tree by 8.8% in the 1st quarter. Invesco Ltd. now owns 3,529,998 shares of the company’s stock valued at $264,997,000 after purchasing an additional 286,910 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 2.7%

Shares of NASDAQ DLTR opened at $99.02 on Tuesday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. The company has a market capitalization of $20.20 billion, a PE ratio of -7.30, a price-to-earnings-growth ratio of 1.70 and a beta of 0.85. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. The firm’s 50-day moving average is $100.46 and its two-hundred day moving average is $96.59.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $4.46 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The company’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. Equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its Board of Directors has initiated 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 reacquire up to 11.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DLTR shares. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $70.00 price objective (down previously from $110.00) on shares of Dollar Tree in a report on Tuesday, October 7th. New Street Research set a $103.00 price objective on shares of Dollar Tree in a report on Thursday. Gordon Haskett downgraded shares of Dollar Tree from a “hold” rating to a “reduce” rating and set a $95.00 price objective on the stock. in a report on Wednesday, September 3rd. Guggenheim decreased their price objective on shares of Dollar Tree from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, September 8th. Finally, 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 report on Friday, September 5th. Nine analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $110.26.

Insider Activity

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were 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 of the company’s stock, valued at $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.60% of the stock is owned by company insiders.

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.