Dollar Tree, Inc. $DLTR Stock Holdings Increased by Amundi

Key Points

• Amundi increased its stake in Dollar Tree, Inc. by 29.6% in the first quarter, owning a total of 1,408,854 shares valued at approximately $105.76 million.
• The company reported earnings of $0.77 per share, exceeding analysts' expectations, along with a 12.3% increase in revenue to $4.57 billion for the last quarter.
• Dollar Tree has initiated a $2.50 billion share buyback plan, signifying that its leadership believes the stock is currently undervalued.

Amundi grew its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 29.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,408,854 shares of the company's stock after buying an additional 321,951 shares during the period. Amundi owned about 0.66% of Dollar Tree worth $105,763,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group raised its position in shares of Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after acquiring an additional 158 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in Dollar Tree during the first quarter valued at $30,000. CX Institutional acquired a new stake in shares of Dollar Tree during the first quarter worth $43,000. Sentry Investment Management LLC bought a new position in shares of Dollar Tree in the 1st quarter worth about $48,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position 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 during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Insider Activity at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the sale, the director directly owned 4,089 shares of the company's stock, valued at approximately $410,208.48. This represents a 22.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.60% of the company's stock.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded up $2.14 during midday trading on Wednesday, hitting $98.44. 3,621,847 shares of the company's stock were exchanged, compared to its average volume of 4,219,634. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06. The firm has a market cap of $20.08 billion, a P/E ratio of -7.25, a PEG ratio of 1.81 and a beta of 0.89. The stock's 50 day moving average price is $110.32 and its 200-day moving average price is $91.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of recent research reports. Guggenheim lowered their price objective on shares of Dollar Tree from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Monday. JPMorgan Chase & Co. lifted their target price on Dollar Tree from $138.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, September 4th. Jefferies Financial Group began coverage on Dollar Tree in a report on Thursday, July 17th. They set a "hold" rating and a $106.00 target price for the company. BMO Capital Markets raised their price target on Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a report on Thursday, June 5th. Finally, Citigroup reduced their price objective on Dollar Tree from $130.00 to $124.00 and set a "buy" rating for the company in a research report on Thursday, September 4th. Eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $109.28.

Dollar Tree Company 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.