Dollar Tree, Inc. $DLTR Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 61.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,413 shares of the company’s stock after selling 3,828 shares during the period. Venturi Wealth Management LLC’s holdings in Dollar Tree were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DLTR. TD Private Client Wealth LLC increased its holdings 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 worth $26,000 after buying an additional 164 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock worth $27,000 after buying an additional 158 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Dollar Tree during the 1st quarter worth approximately $30,000. CX Institutional acquired a new stake in Dollar Tree in the 1st quarter valued at approximately $43,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Dollar Tree in the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Buying and Selling

In related news, 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 transaction of $118,879.20. Following the sale, the director directly owned 4,089 shares in the company, valued at $410,208.48. This trade represents a 22.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.60% of the stock is owned by corporate insiders.

Dollar Tree Price Performance

Dollar Tree stock opened at $87.61 on Friday. The stock has a market cap of $17.87 billion, a P/E ratio of -6.46, a price-to-earnings-growth ratio of 1.62 and a beta of 0.85. The company has a fifty day simple moving average of $102.90 and a 200-day simple moving average of $95.31. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. The company has a current ratio of 1.04, a quick ratio of 0.27 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.39. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the previous year, the company earned $0.67 EPS. The company’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. Equities analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its Board of Directors has approved a stock buyback program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 11.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DLTR shares. JPMorgan Chase & Co. lifted their target price on shares of Dollar Tree from $138.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, September 4th. Citigroup dropped their target price on shares of Dollar Tree from $130.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Evercore ISI dropped their target price on shares of Dollar Tree from $105.00 to $102.00 and set an “in-line” rating for the company in a report on Tuesday. Guggenheim dropped their target price on shares of Dollar Tree from $130.00 to $125.00 and set a “buy” rating for the company in a report on Monday, September 8th. Finally, Sanford C. Bernstein decreased their price target on shares of Dollar Tree from $109.00 to $100.00 and set a “market perform” rating for the company in a research report on Monday, October 6th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $109.18.

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.