Forum Financial Management LP Acquires New Position in Dollar Tree, Inc. $DLTR

Forum Financial Management LP acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,489 shares of the company’s stock, valued at approximately $346,000.

A number of other large investors also recently modified their holdings of DLTR. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Dollar Tree by 50.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock valued at $1,030,000 after buying an additional 4,619 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Dollar Tree by 4.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,086 shares of the company’s stock worth $1,283,000 after purchasing an additional 733 shares during the period. Asset Management One Co. Ltd. increased its stake in Dollar Tree by 5.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 82,448 shares of the company’s stock worth $6,189,000 after purchasing an additional 4,107 shares during the period. Bessemer Group Inc. increased its stake in Dollar Tree by 510.1% in the 1st quarter. Bessemer Group Inc. now owns 2,117 shares of the company’s stock worth $159,000 after purchasing an additional 1,770 shares during the period. Finally, Perigon Wealth Management LLC purchased a new position in Dollar Tree in the 1st quarter worth approximately $222,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Shares of DLTR stock opened at $99.05 on Friday. The firm has a market cap of $20.20 billion, a P/E ratio of -7.30, a P/E/G ratio of 1.71 and a beta of 0.85. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The business’s 50 day moving average price is $99.29 and its 200-day moving average price is $97.22. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping 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 firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period last year, the company earned $0.67 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its board has authorized a stock buyback plan on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 11.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Dollar Tree

In related news, insider Robert Aflatooni sold 1,260 shares of Dollar Tree stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $94.70, for a total transaction of $119,322.00. Following the sale, the insider directly owned 21,402 shares in the company, valued at $2,026,769.40. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the sale, the director owned 4,089 shares in the company, valued at $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

DLTR has been the topic of a number of analyst reports. New Street Research set a $103.00 price target on Dollar Tree in a research note on Thursday, October 16th. BNP Paribas cut Dollar Tree from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Morgan Stanley lifted their price target on Dollar Tree from $96.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, September 5th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $70.00 price target (down from $110.00) on shares of Dollar Tree in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company cut their price objective on Dollar Tree from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, October 10th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.00.

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.