111 Capital Acquires New Position in Dollar Tree, Inc. $DLTR

Key Points

• 111 Capital acquired a new position in Dollar Tree, purchasing 6,917 shares valued at approximately $685,000 in the 2nd quarter.
• Dollar Tree reported earnings per share of $0.77 for the last quarter, exceeding expectations, with revenue marking a 12.3% increase compared to the same quarter last year.
• The company announced a $2.50 billion share repurchase program, allowing it to repurchase up to 11.5% of its stock, indicating management believes shares are undervalued.

111 Capital bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,917 shares of the company's stock, valued at approximately $685,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DLTR. TD Private Client Wealth LLC boosted its stake in Dollar Tree by 164.0% in the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company's stock valued at $26,000 after buying an additional 164 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after acquiring an additional 158 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Dollar Tree in the first quarter worth about $30,000. CX Institutional bought a new stake in shares of Dollar Tree during the 1st quarter valued at approximately $43,000. Finally, Ameritas Advisory Services LLC acquired a new position in Dollar Tree during the 2nd quarter worth approximately $43,000. Institutional investors own 97.40% of the company's stock.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the firm'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 of the company's stock, valued at approximately $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.60% of the company's stock.

Dollar Tree Stock Down 0.3%

Shares of NASDAQ DLTR opened at $89.98 on Friday. 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 firm has a market cap of $18.35 billion, a PE ratio of -6.63, a P/E/G ratio of 1.64 and a beta of 0.85. The company's fifty day simple moving average is $105.61 and its 200 day simple moving average is $94.80. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.39. The firm had revenue of $4.57 billion during 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 business's revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree declared that its Board of Directors has initiated a share repurchase program on Wednesday, July 9th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 11.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have weighed in on DLTR. Wolfe Research began coverage on shares of Dollar Tree in a research report on Thursday, September 18th. They issued a "peer perform" rating on the stock. Gordon Haskett cut Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price target for the company. in a research note on Wednesday, September 3rd. UBS Group restated a "buy" rating and set a $140.00 price objective on shares of Dollar Tree in a research report on Tuesday, August 26th. Morgan Stanley increased their target price on Dollar Tree from $96.00 to $105.00 and gave the company an "equal weight" rating in a research report on Friday, September 5th. Finally, Barclays upgraded Dollar Tree from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $95.00 to $138.00 in a report on Monday, July 21st. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $111.29.

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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