IFP Advisors Inc Increases Stock Holdings in Dollar Tree, Inc. $DLTR

IFP Advisors Inc boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 51.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,838 shares of the company’s stock after buying an additional 627 shares during the quarter. IFP Advisors Inc’s holdings in Dollar Tree were worth $182,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DLTR. LBP AM SA acquired a new stake in Dollar Tree in the second quarter valued at approximately $7,742,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Dollar Tree by 50.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock valued at $1,030,000 after acquiring an additional 4,619 shares during the period. McGinn Penninger Investment Management Inc. increased its stake in shares of Dollar Tree by 13.2% during the 1st quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company’s stock worth $5,149,000 after purchasing an additional 8,015 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Dollar Tree by 7.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 38,021 shares of the company’s stock valued at $3,766,000 after purchasing an additional 2,666 shares during the last quarter. Finally, Bastion Asset Management Inc. purchased a new stake in Dollar Tree in the 1st quarter valued at about $3,585,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Dollar Tree in a report on Wednesday, October 8th. Morgan Stanley upped their price target on Dollar Tree from $96.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, September 5th. BNP Paribas downgraded Dollar Tree from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Truist Financial increased their price target on Dollar Tree from $127.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. raised their target price on Dollar Tree from $138.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, September 4th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $109.00.

Insider Buying and Selling at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction on 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 sale, the director directly owned 4,089 shares of the company’s stock, valued at $410,208.48. The trade was 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 available at this link. 6.60% of the stock is currently owned by insiders.

Dollar Tree Stock Performance

DLTR opened at $96.44 on Friday. The firm has a market capitalization of $19.67 billion, a P/E ratio of -7.11, a price-to-earnings-growth ratio of 1.71 and a beta of 0.85. The stock’s 50 day moving average price is $100.77 and its two-hundred day moving average price is $96.04. 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, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06.

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

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

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.