Alliancebernstein L.P. Grows Position in Dollar Tree, Inc. $DLTR

Key Points

• Alliancebernstein L.P. increased its stake in Dollar Tree by 155.1% in the first quarter, owning over 1.35 million shares worth approximately $101.57 million.
• Dollar Tree's stock is on analysts' radars, with eight analysts rating it as a "Buy", while three suggested a "Sell", showing confidence in the company's recovery potential.
• The company reported a better-than-expected earnings per share of $0.77 for the last quarter, surpassing estimates and indicating a 12.3% year-over-year revenue increase.

Alliancebernstein L.P. raised its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 155.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,353,050 shares of the company's stock after purchasing an additional 822,694 shares during the quarter. Alliancebernstein L.P. owned 0.63% of Dollar Tree worth $101,573,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Horizon Investments LLC raised its holdings in shares of Dollar Tree by 5.1% in the 1st quarter. Horizon Investments LLC now owns 2,905 shares of the company's stock worth $218,000 after purchasing an additional 140 shares during the period. Brooklyn Investment Group raised its holdings in shares of Dollar Tree by 79.0% in the 1st 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. Private Trust Co. NA raised its holdings in shares of 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 raised its holdings in shares of Dollar Tree by 8.5% in the 1st quarter. Cary Street Partners Financial LLC now owns 2,381 shares of the company's stock worth $179,000 after purchasing an additional 186 shares during the period. Finally, Amalgamated Bank raised its holdings 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 purchasing an additional 265 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group restated a "buy" rating and issued a $140.00 price objective on shares of Dollar Tree in a report on Tuesday, August 26th. Citigroup dropped their target price on Dollar Tree from $130.00 to $124.00 and set a "buy" rating on the stock in a report on Thursday. BMO Capital Markets raised their target price on Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a report on Thursday, June 5th. Piper Sandler dropped their target price on Dollar Tree from $112.00 to $108.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Bank of America raised their target price on Dollar Tree from $70.00 to $75.00 and gave the company an "underperform" rating in a report on Thursday. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $106.95.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $101.12 on Friday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The business has a 50 day moving average price of $110.41 and a two-hundred day moving average price of $91.07. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. The firm has a market cap 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.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.38 by $0.39. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The business's revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Sell-side analysts expect 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 approved a stock repurchase program on Wednesday, July 9th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to buy up to 11.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

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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