Dollar Tree, Inc. $DLTR Stock Holdings Lifted by Aberdeen Group plc

Key Points

• Aberdeen Group plc significantly increased its stake in Dollar Tree, owning 131,719 shares worth approximately $9.82 million after a 99.7% boost in the first quarter.
• Dollar Tree reported earnings of $1.26 per share, exceeding expectations, with quarterly revenue rising by 11.3% year-over-year to $4.64 billion.
• The company announced a share repurchase plan authorizing up to $2.5 billion in buybacks, indicating its stock may be undervalued, and Barclays upgraded the stock’s target price to $138.

Aberdeen Group plc lifted its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 99.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,719 shares of the company's stock after buying an additional 65,771 shares during the period. Aberdeen Group plc owned approximately 0.06% of Dollar Tree worth $9,821,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DLTR. Zions Bancorporation National Association UT bought a new stake in shares of Dollar Tree in the 1st quarter worth $30,000. CX Institutional bought a new stake in shares of Dollar Tree in the 1st quarter worth $43,000. Sentry Investment Management LLC bought a new stake in shares of Dollar Tree in the 1st quarter worth $48,000. GeoWealth Management LLC bought a new stake in shares of Dollar Tree in the 4th quarter worth $61,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Dollar Tree by 121.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock worth $73,000 after buying an additional 534 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Insider Buying and Selling at Dollar Tree

In other news, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree stock in a transaction 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 transaction, the chief marketing officer owned 50,419 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Corporate insiders own 6.60% of the company's stock.

Dollar Tree Stock Up 0.6%

Shares of DLTR stock traded up $0.73 on Friday, reaching $113.32. 2,223,637 shares of the company's stock traded hands, compared to its average volume of 2,995,577. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. The company has a market capitalization of $23.65 billion, a P/E ratio of -8.18, a price-to-earnings-growth ratio of 2.42 and a beta of 0.88. The business's 50 day moving average price is $108.53 and its two-hundred day moving average price is $88.74.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%.The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. Dollar Tree's revenue for the quarter was up 11.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. On average, equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree declared that its Board of Directors has authorized a share repurchase plan on Wednesday, July 9th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to buy up to 11.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Evercore ISI lifted their target price on Dollar Tree from $104.00 to $108.00 and gave the stock an "in-line" rating in a report on Tuesday, August 12th. Barclays upgraded Dollar Tree from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $95.00 to $138.00 in a report on Monday, July 21st. Morgan Stanley lifted their target price on Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Guggenheim restated a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a report on Thursday, June 5th. Finally, Cfra Research upgraded Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $100.89.

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.