Acadian Asset Management LLC Takes $4.63 Million Position in Dollar Tree, Inc. $DLTR

Key Points

• Acadian Asset Management LLC has acquired a new stake in Dollar Tree, buying 61,700 shares valued at approximately $4.63 million.
• Dollar Tree's stock is currently near its 52-week low of $60.49, with a market capitalization of $19.88 billion and a recent PE ratio of -7.18.
• The company's board announced a $2.50 billion stock repurchase plan, indicating confidence in the stock's undervalued status.

Acadian Asset Management LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 61,700 shares of the company's stock, valued at approximately $4,631,000.

Other large investors have also recently modified their holdings of the company. Brooklyn Investment Group grew its holdings in 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 purchasing an additional 158 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Dollar Tree in the first quarter worth $30,000. CX Institutional acquired a new stake in Dollar Tree in the first quarter worth $43,000. Sentry Investment Management LLC acquired a new stake in Dollar Tree in the first quarter worth $48,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Dollar Tree by 121.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock worth $73,000 after purchasing an additional 534 shares during the period. Institutional investors own 97.40% of the company's stock.

Insiders Place Their Bets

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the transaction, the director directly owned 4,089 shares in the company, valued at $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.60% of the stock is currently owned by insiders.

Dollar Tree Stock Down 2.0%

Dollar Tree stock opened at $97.45 on Monday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The stock has a market cap of $19.88 billion, a PE ratio of -7.18, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. The firm's 50-day simple moving average is $110.10 and its 200 day simple moving average is $92.11. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.39. The business had revenue of $4.57 billion for the quarter, compared to analysts' expectations of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. UBS Group restated a "buy" rating and issued a $140.00 price target on shares of Dollar Tree in a report on Tuesday, August 26th. Telsey Advisory Group reiterated an "outperform" rating and set a $130.00 price objective on shares of Dollar Tree in a report on Thursday, September 4th. Wells Fargo & Company reiterated an "overweight" rating on shares of Dollar Tree in a report on Wednesday, September 3rd. Cfra Research upgraded shares of Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Finally, Citigroup reduced their price objective on shares of Dollar Tree from $130.00 to $124.00 and set a "buy" rating for the company in a report on Thursday, September 4th. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $109.28.

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.

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