APG Asset Management N.V. Sells 14,711 Shares of Dollar Tree, Inc. $DLTR

Key Points

• APG Asset Management N.V. has reduced its stake in Dollar Tree, Inc. by 8.8%, now owning approximately $10.55 million worth of shares.
• Dollar Tree recently reported earnings of $1.26 per share, exceeding analyst expectations, and has forecasted an EPS range of 5.150 to 5.650 for FY 2025.
• The company has authorized a $2.5 billion stock buyback program, indicating that management believes the stock is undervalued, as they can repurchase up to 11.5% of its shares.

APG Asset Management N.V. decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 8.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,730 shares of the company's stock after selling 14,711 shares during the period. APG Asset Management N.V. owned 0.07% of Dollar Tree worth $10,545,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DLTR. Brooklyn Investment Group lifted its position in shares of 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 buying an additional 158 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Dollar Tree in the first quarter worth about $30,000. CX Institutional purchased a new stake in shares of Dollar Tree in the first quarter worth about $43,000. Sentry Investment Management LLC purchased a new stake in shares of Dollar Tree in the first quarter worth about $48,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 buying an additional 534 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Dollar Tree Trading Down 3.0%

NASDAQ:DLTR traded down $3.33 during midday trading on Friday, hitting $109.17. The stock had a trading volume of 3,719,797 shares, compared to its average volume of 4,073,659. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06. The company has a market capitalization of $22.78 billion, a price-to-earnings ratio of -7.88, a PEG ratio of 2.40 and a beta of 0.88. The stock has a 50-day moving average of $109.66 and a 200 day moving average of $89.70. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. Dollar Tree's revenue 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. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 11.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

DLTR has been the topic of a number of research analyst reports. Truist Financial boosted their target price on Dollar Tree from $109.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Wells Fargo & Company upped their price objective on Dollar Tree from $105.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. UBS Group restated a "buy" rating and set a $140.00 price objective on shares of Dollar Tree in a research report on Tuesday. Jefferies Financial Group began coverage on Dollar Tree in a research report on Thursday, July 17th. They set a "hold" rating and a $106.00 price objective on the stock. Finally, Telsey Advisory Group upgraded Dollar Tree from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $100.00 to $130.00 in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and a consensus price target of $104.53.

Insider Transactions at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the transaction, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.60% of the stock is currently owned by company insiders.

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.