Dollar Tree, Inc. $DLTR Shares Sold by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE lessened its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,406 shares of the company’s stock after selling 1,196 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Dollar Tree were worth $2,219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DLTR. TD Private Client Wealth LLC raised its holdings in shares of Dollar Tree by 164.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock valued at $26,000 after buying an additional 164 shares during the period. Brooklyn Investment Group raised its holdings in shares of Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after buying an additional 158 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Dollar Tree in the 1st quarter valued at $30,000. Ameritas Advisory Services LLC purchased a new stake in shares of Dollar Tree in the 2nd quarter valued at $43,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Dollar Tree in the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DLTR shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $130.00 price objective on shares of Dollar Tree in a report on Thursday. Barclays upgraded Dollar Tree from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $95.00 to $138.00 in a report on Monday, July 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Dollar Tree in a report on Wednesday, October 8th. Citigroup cut their price target on Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Finally, Jefferies Financial Group restated an “underperform” rating and set a $70.00 price target (down previously from $110.00) on shares of Dollar Tree in a report on Tuesday, October 7th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $109.00.

Dollar Tree Trading Down 2.0%

DLTR opened at $94.03 on Friday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06. The company has a market cap of $19.18 billion, a P/E ratio of -6.93, a PEG ratio of 1.75 and a beta of 0.85. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. The business’s 50-day simple moving average is $101.16 and its 200-day simple moving average is $95.89.

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. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The business 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 business posted $0.67 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, equities research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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

Insider Activity at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the transaction, the director owned 4,089 shares in the company, valued at approximately $410,208.48. This represents a 22.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.60% of the company’s stock.

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.