IFP Advisors Inc Buys 627 Shares of Dollar Tree, Inc. $DLTR

IFP Advisors Inc lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 51.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,838 shares of the company’s stock after purchasing an additional 627 shares during the quarter. IFP Advisors Inc’s holdings in Dollar Tree were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its position in Dollar Tree by 164.0% during the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company’s stock worth $26,000 after buying an additional 164 shares in the last quarter. Brooklyn Investment Group lifted its holdings in 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 period. Zions Bancorporation National Association UT bought a new position in shares of Dollar Tree in the 1st quarter worth about $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of Dollar Tree in the 2nd quarter valued at about $43,000. Finally, eCIO Inc. purchased a new stake in shares of Dollar Tree in the first quarter worth approximately $73,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 2.6%

NASDAQ DLTR opened at $96.44 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. The stock has a market capitalization of $19.67 billion, a PE ratio of -7.11, a PEG ratio of 1.71 and a beta of 0.85. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The business’s 50-day moving average is $100.77 and its 200 day moving average is $96.04.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.46 billion. During the same period in the previous year, the firm posted $0.67 EPS. The business’s revenue was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its board has approved a share buyback plan on Wednesday, July 9th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 11.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DLTR shares. Piper Sandler decreased their target price on Dollar Tree from $112.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, September 4th. Wolfe Research assumed coverage on Dollar Tree in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. Jefferies Financial Group restated an “underperform” rating and set a $70.00 target price (down previously from $110.00) on shares of Dollar Tree in a research report on Tuesday, October 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Dollar Tree in a research report on Wednesday, October 8th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Dollar Tree in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.00.

Insider Buying and Selling

In other news, Director Stephanie Stahl sold 1,185 shares of the 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 transaction, the director directly owned 4,089 shares of the company’s stock, valued at $410,208.48. This represents a 22.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.