Northwestern Mutual Wealth Management Co. Purchases 435 Shares of Dollar Tree, Inc. $DLTR

Northwestern Mutual Wealth Management Co. lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 57.7% during the first quarter, Holdings Channel reports. The institutional investor owned 1,189 shares of the company’s stock after purchasing an additional 435 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Dollar Tree were worth $89,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group lifted its stake in shares of Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company’s stock valued at $27,000 after buying an additional 158 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Dollar Tree during the 1st quarter valued at $30,000. CX Institutional purchased a new position in shares of Dollar Tree during the 1st quarter valued at $43,000. Sentry Investment Management LLC purchased a new position in shares of Dollar Tree during the 1st quarter valued at $48,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dollar Tree by 121.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company’s stock valued at $73,000 after buying an additional 534 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $101.12 on Friday. The stock has a 50 day moving average of $110.41 and a 200 day moving average of $91.07. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The firm has a market cap of $20.63 billion, a PE ratio of -7.45, a PEG ratio of 2.11 and a beta of 0.89. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.67.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.38 by $0.39. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the business earned $0.67 earnings per share. Dollar Tree’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, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its board has approved a stock buyback plan on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to reacquire up to 11.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

DLTR has been the topic of a number of analyst reports. Wells Fargo & Company restated an “overweight” rating on shares of Dollar Tree in a research note on Wednesday. Piper Sandler lowered 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 note on Thursday. The Goldman Sachs Group cut shares of Dollar Tree from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, June 5th. Morgan Stanley upped their target price on shares of Dollar Tree from $96.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Guggenheim restated a “buy” rating and set a $100.00 target price on shares of Dollar Tree in a research report on Thursday, June 5th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $106.95.

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.