Aberdeen Group plc Has $9.82 Million Position in Dollar Tree, Inc. $DLTR

Aberdeen Group plc boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 99.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,719 shares of the company’s stock after buying an additional 65,771 shares during the period. Aberdeen Group plc owned about 0.06% of Dollar Tree worth $9,821,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in shares of Dollar Tree in the 1st quarter valued at $30,000. CX Institutional acquired a new stake in shares of Dollar Tree in the 1st quarter valued at $43,000. Sentry Investment Management LLC acquired a new stake in shares of Dollar Tree in the 1st quarter valued at $48,000. GeoWealth Management LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at $61,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Dollar Tree by 121.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company’s stock valued at $73,000 after purchasing an additional 534 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $112.48 on Wednesday. The stock has a market capitalization of $23.47 billion, a P/E ratio of -8.12, a P/E/G ratio of 2.40 and a beta of 0.88. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $118.06. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $107.45 and a two-hundred day moving average price of $87.91.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.05. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%.The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 EPS. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. Equities analysts predict 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 authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to purchase up to 11.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DLTR shares. Barclays upgraded shares of Dollar Tree from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $95.00 to $138.00 in a research note on Monday, July 21st. Cfra Research raised Dollar Tree to a “hold” rating in a report on Wednesday, May 28th. Piper Sandler lifted their price target on Dollar Tree from $93.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday. BMO Capital Markets lifted their price target on Dollar Tree from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Thursday, June 5th. Finally, Jefferies Financial Group began coverage on Dollar Tree in a report on Thursday, July 17th. They issued a “hold” rating and a $106.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $100.89.

Insiders Place Their Bets

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the sale, the chief marketing officer directly owned 50,419 shares of the company’s stock, valued at approximately $4,770,645.78. The trade was a 29.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.