11,000 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Purchased by Monetta Financial Services Inc.

Key Points

• Monetta Financial Services Inc. acquired 11,000 shares of Dollar Tree, Inc. valued at approximately $826,000, reflecting ongoing institutional interest in the company.
• Dollar Tree's board of directors has initiated a stock repurchase plan authorizing up to $2.50 billion to buy back shares, indicating a belief that the stock is undervalued.
• The company reported earnings per share of $1.26 for the most recent quarter, surpassing analyst expectations and showing an 11.3% revenue increase compared to the previous year.

Monetta Financial Services Inc. purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,000 shares of the company's stock, valued at approximately $826,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Trust Co. NA grew its position in Dollar Tree by 11.6% in the 1st quarter. Private Trust Co. NA now owns 1,527 shares of the company's stock worth $115,000 after purchasing an additional 159 shares during the period. Cary Street Partners Financial LLC lifted its holdings in shares of Dollar Tree by 8.5% during the 1st quarter. Cary Street Partners Financial LLC now owns 2,381 shares of the company's stock valued at $179,000 after buying an additional 186 shares during the period. Amalgamated Bank boosted its stake in shares of Dollar Tree by 0.7% in the 1st quarter. Amalgamated Bank now owns 39,283 shares of the company's stock worth $2,949,000 after buying an additional 265 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Dollar Tree by 6.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,656 shares of the company's stock worth $349,000 after acquiring an additional 292 shares during the period. Finally, Wahed Invest LLC increased its position in Dollar Tree by 6.1% during the fourth quarter. Wahed Invest LLC now owns 5,205 shares of the company's stock valued at $390,000 after acquiring an additional 297 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Dollar Tree Trading Up 0.6%

Shares of DLTR stock opened at $116.37 on Thursday. The company has a market cap of $24.29 billion, a PE ratio of -8.40, a price-to-earnings-growth ratio of 2.48 and a beta of 0.88. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $117.80. The stock's 50 day simple moving average is $103.58 and its two-hundred day simple moving average is $85.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.05. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. Dollar Tree's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. Research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its board has initiated a stock repurchase plan on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 11.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. BMO Capital Markets raised their target price on Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research report on Thursday, June 5th. Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the stock a "market perform" rating in a report on Monday, May 5th. Jefferies Financial Group began coverage on shares of Dollar Tree in a report on Thursday, July 17th. They set a "hold" rating and a $106.00 target price for the company. Guggenheim reiterated a "buy" rating and issued a $100.00 price target on shares of Dollar Tree in a research report on Thursday, June 5th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $95.00 price objective on shares of Dollar Tree in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $97.74.

Insider Activity

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the transaction, the chief marketing officer owned 50,419 shares in the company, valued at $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.60% of the company's stock.

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.

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