Teacher Retirement System of Texas Acquires 1,165 Shares of Dollar Tree, Inc. $DLTR

Teacher Retirement System of Texas lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,031 shares of the company’s stock after acquiring an additional 1,165 shares during the quarter. Teacher Retirement System of Texas’ holdings in Dollar Tree were worth $3,073,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in Dollar Tree by 182.9% during the second quarter. Bessemer Group Inc. now owns 5,990 shares of the company’s stock worth $594,000 after buying an additional 3,873 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Dollar Tree by 2.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 48,174 shares of the company’s stock valued at $4,771,000 after acquiring an additional 1,002 shares during the period. Wealthfront Advisers LLC increased its stake in shares of Dollar Tree by 566.0% during the 2nd quarter. Wealthfront Advisers LLC now owns 44,135 shares of the company’s stock worth $4,371,000 after purchasing an additional 37,508 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Dollar Tree by 11.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 56,288 shares of the company’s stock worth $5,575,000 after purchasing an additional 5,905 shares during the period. Finally, Fiduciary Wealth Partners LLC lifted its stake in Dollar Tree by 4,650.7% in the second quarter. Fiduciary Wealth Partners LLC now owns 3,468 shares of the company’s stock valued at $343,000 after purchasing an additional 3,395 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 0.3%

DLTR stock opened at $99.12 on Friday. The stock has a 50-day simple moving average of $98.11 and a two-hundred day simple moving average of $98.39. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06. The firm has a market capitalization of $20.22 billion, a PE ratio of -7.30, a PEG ratio of 1.75 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 (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates 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%. Dollar Tree’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business earned $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, equities analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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

Analysts Set New Price Targets

A number of analysts have issued reports on DLTR shares. Barclays raised Dollar Tree from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $95.00 to $138.00 in a research report on Monday, July 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 price objective on shares of Dollar Tree in a report on Thursday, October 16th. Citigroup lowered their price objective on Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Bank of America increased their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 4th. Finally, Guggenheim reduced their target price 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. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $110.00.

Insider Buying and Selling at Dollar Tree

In related news, insider Robert Aflatooni sold 1,260 shares of the stock in a transaction on Friday, October 17th. The stock was sold at an average price of $94.70, for a total value of $119,322.00. Following the sale, the insider owned 21,402 shares in the company, valued at approximately $2,026,769.40. This trade represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction on 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 directly owned 4,089 shares of the company’s stock, valued at $410,208.48. This represents a 22.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.60% of the company’s stock.

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.