Adage Capital Partners GP L.L.C. Has $13.85 Million Stake in Dollar Tree, Inc. $DLTR

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in Dollar Tree by 2.3%, holding 184,438 shares valued at approximately $13.85 million.
• Dollar Tree recently reported earnings of $0.77 EPS, exceeding analyst estimates of $0.38 EPS, with revenue increasing by 12.3% year-over-year to $4.57 billion.
• Institutional investors collectively own 97.40% of Dollar Tree's stock, reflecting significant interest from major financial firms in the company.

Adage Capital Partners GP L.L.C. lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 2.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 184,438 shares of the company's stock after selling 4,400 shares during the period. Adage Capital Partners GP L.L.C. owned 0.09% of Dollar Tree worth $13,846,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Chiron Capital Management LLC acquired a new position in shares of Dollar Tree in the 1st quarter worth approximately $218,000. Maverick Capital Ltd. acquired a new position in shares of Dollar Tree in the 1st quarter worth approximately $69,890,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Dollar Tree in the 1st quarter worth approximately $227,000. Graham Capital Management L.P. increased its stake in shares of Dollar Tree by 633.2% in the 1st quarter. Graham Capital Management L.P. now owns 37,855 shares of the company's stock valued at $2,842,000 after acquiring an additional 32,692 shares in the last quarter. Finally, Benchstone Capital Management LP increased its stake in shares of Dollar Tree by 54.5% in the 1st quarter. Benchstone Capital Management LP now owns 156,465 shares of the company's stock valued at $11,746,000 after acquiring an additional 55,181 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $101.12 on Friday. The firm has a market capitalization of $20.63 billion, a PE ratio of -7.45, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. The firm has a fifty day simple moving average of $110.41 and a two-hundred day simple moving average of $91.07. 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, 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 announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates 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 in the previous year, the business posted $0.67 EPS. Dollar Tree's quarterly revenue was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its Board of Directors has approved 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 purchase up to 11.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

DLTR has been the subject of several research analyst reports. UBS Group reiterated a "buy" rating and issued a $140.00 price objective on shares of Dollar Tree in a research note on Tuesday, August 26th. Gordon Haskett lowered shares of Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price objective for the company. in a research note on Wednesday. Guggenheim reiterated a "buy" rating and issued a $100.00 price objective on shares of Dollar Tree in a research note on Thursday, June 5th. Citigroup lowered their price objective on shares of Dollar Tree from $130.00 to $124.00 and set a "buy" rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group lowered shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, June 5th. Eight equities research 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's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target 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.

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