Metis Global Partners LLC Trims Stake in Dollar Tree, Inc. $DLTR

Metis Global Partners LLC reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,256 shares of the company’s stock after selling 816 shares during the quarter. Metis Global Partners LLC’s holdings in Dollar Tree were worth $719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DLTR. TD Private Client Wealth LLC grew its stake in shares of Dollar Tree by 164.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock valued at $26,000 after acquiring an additional 164 shares during the period. Brooklyn Investment Group boosted its position in shares of Dollar Tree by 79.0% in the first 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 purchased a new stake in shares of Dollar Tree in the first quarter worth $30,000. Ameritas Advisory Services LLC bought a new stake in shares of Dollar Tree during the 2nd quarter valued at $43,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of Dollar Tree during the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 0.2%

Shares of NASDAQ DLTR opened at $106.18 on Thursday. Dollar Tree, Inc. has a 1 year low of $61.70 and a 1 year high of $118.06. The firm has a 50-day simple moving average of $97.17 and a two-hundred day simple moving average of $99.75. The company has a market cap of $21.66 billion, a P/E ratio of -7.82, a PEG ratio of 1.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.39. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the previous year, the business earned $0.67 EPS. Dollar Tree’s revenue 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 anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Transactions at Dollar Tree

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. New Street Research set a $103.00 price target on Dollar Tree in a report on Thursday, October 16th. Truist Financial lifted their target price on Dollar Tree from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. The Goldman Sachs Group set a $133.00 price target on Dollar Tree and gave the stock a “buy” rating in a research note on Monday, October 20th. Wolfe Research began coverage on shares of Dollar Tree in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. Finally, Evercore ISI upped their target price on shares of Dollar Tree from $100.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $110.21.

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.