Savant Capital LLC Buys New Holdings in Dollar Tree, Inc. $DLTR

Savant Capital LLC acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,611 shares of the company’s stock, valued at approximately $853,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Dollar Tree by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company’s stock valued at $1,789,648,000 after buying an additional 389,490 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Dollar Tree by 0.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company’s stock worth $750,323,000 after buying an additional 74,230 shares during the last quarter. EdgePoint Investment Group Inc. grew its stake in shares of Dollar Tree by 21.4% in the 1st quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company’s stock valued at $723,788,000 after purchasing an additional 1,701,344 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Dollar Tree by 69.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock valued at $439,025,000 after buying an additional 2,400,586 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Dollar Tree by 8.8% during the first quarter. Invesco Ltd. now owns 3,529,998 shares of the company’s stock worth $264,997,000 after acquiring an additional 286,910 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Citigroup decreased their price target on Dollar Tree from $130.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Piper Sandler decreased their target price on shares of Dollar Tree from $112.00 to $108.00 and set a “neutral” rating on the stock in a research report on Thursday, September 4th. Truist Financial increased their price target on shares of Dollar Tree from $127.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Morgan Stanley raised their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Finally, Bank of America upped their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 4th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $108.63.

Dollar Tree Trading Down 2.9%

Shares of Dollar Tree stock opened at $103.15 on Friday. Dollar Tree, Inc. has a 1 year low of $61.70 and a 1 year high of $118.06. 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 business has a 50 day moving average price of $97.23 and a 200 day moving average price of $99.78. The company has a market capitalization of $21.04 billion, a P/E ratio of -7.60, a P/E/G ratio of 1.75 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping 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 company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the business posted $0.67 earnings per share. Dollar Tree’s 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. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the business’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 completion of the transaction, the director owned 4,089 shares of the company’s stock, valued at $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Aflatooni sold 1,260 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $94.70, for a total transaction of $119,322.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. Company insiders own 6.60% of the company’s stock.

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.