Horrell Capital Management Inc. Buys 597 Shares of Dollar Tree, Inc. $DLTR

Horrell Capital Management Inc. raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,427 shares of the company’s stock after buying an additional 597 shares during the period. Dollar Tree comprises about 1.1% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 26th biggest position. Horrell Capital Management Inc.’s holdings in Dollar Tree were worth $2,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in shares of Dollar Tree by 24.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 324,196 shares of the company’s stock valued at $24,337,000 after buying an additional 63,615 shares in the last quarter. Xponance Inc. grew its holdings in shares of Dollar Tree by 2.8% during the 1st quarter. Xponance Inc. now owns 29,534 shares of the company’s stock valued at $2,217,000 after purchasing an additional 806 shares during the last quarter. Ballentine Partners LLC purchased a new position in Dollar Tree in the 1st quarter worth $227,000. New York State Common Retirement Fund raised its position in Dollar Tree by 5.2% in the 1st quarter. New York State Common Retirement Fund now owns 112,312 shares of the company’s stock worth $8,431,000 after purchasing an additional 5,600 shares during the period. Finally, CWM LLC boosted its position in Dollar Tree by 21.6% during the first quarter. CWM LLC now owns 8,245 shares of the company’s stock valued at $619,000 after buying an additional 1,467 shares during the period. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

DLTR has been the subject of a number of recent research reports. BNP Paribas lowered Dollar Tree from a “strong-buy” rating to a “hold” rating in a research note 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 research report on Wednesday, September 3rd. Bank of America upped their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 4th. Sanford C. Bernstein reissued a “market perform” rating on shares of Dollar Tree in a research note on Thursday, October 16th. Finally, Guggenheim dropped their price objective on Dollar Tree from $130.00 to $125.00 and set a “buy” rating for the company in a report on Monday, September 8th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $110.21.

Insider Activity at Dollar Tree

In other news, insider Robert Aflatooni sold 1,260 shares of Dollar Tree 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 completion of the transaction, the insider directly owned 21,402 shares in the company, valued at approximately $2,026,769.40. This trade represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephanie Stahl sold 1,185 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the sale, the director owned 4,089 shares in the company, valued at $410,208.48. The trade was a 22.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 6.60% of the stock is currently owned by company insiders.

Dollar Tree Price Performance

Shares of DLTR stock opened at $105.98 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The stock has a market cap of $21.62 billion, a price-to-earnings ratio of -7.81, a PEG ratio of 1.75 and a beta of 0.86. The business’s fifty day moving average is $97.09 and its 200 day moving average is $99.71. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06.

Dollar Tree (NASDAQ:DLTR) last released its earnings results 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. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

About Dollar Tree

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.