Bessemer Group Inc. Buys 3,873 Shares of Dollar Tree, Inc. $DLTR

Bessemer Group Inc. raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 182.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,990 shares of the company’s stock after purchasing an additional 3,873 shares during the period. Bessemer Group Inc.’s holdings in Dollar Tree were worth $594,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Dollar Tree by 4.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,086 shares of the company’s stock worth $1,283,000 after acquiring an additional 733 shares during the period. Amalgamated Bank boosted its stake in shares of Dollar Tree by 0.7% in the first quarter. Amalgamated Bank now owns 39,283 shares of the company’s stock worth $2,949,000 after acquiring an additional 265 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Dollar Tree by 31.7% in the first quarter. Vontobel Holding Ltd. now owns 12,344 shares of the company’s stock worth $927,000 after acquiring an additional 2,974 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Dollar Tree by 26.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,829 shares of the company’s stock worth $1,939,000 after acquiring an additional 5,328 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of Dollar Tree by 11.6% in the first quarter. Private Trust Co. NA now owns 1,527 shares of the company’s stock worth $115,000 after acquiring an additional 159 shares during the period. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling

In other Dollar Tree news, insider Robert Aflatooni sold 1,260 shares of the company’s 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. This represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephanie Stahl sold 1,185 shares of the company’s 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 approximately $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.60% of the company’s stock.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $99.12 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $20.22 billion, a P/E ratio of -7.30, a P/E/G ratio of 1.75 and a beta of 0.85. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The business’s 50-day moving average is $98.11 and its 200 day moving average is $98.39.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The company’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 forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its Board of Directors has initiated a share repurchase plan 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 plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

DLTR has been the subject of a number of recent analyst reports. Piper Sandler dropped their price objective on Dollar Tree from $112.00 to $108.00 and set a “neutral” rating for the company in a research note on Thursday, September 4th. Bank of America upped their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 4th. Morgan Stanley upped their price objective 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Dollar Tree in a research note on Thursday, October 16th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Dollar Tree in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $110.00.

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.