28,817 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Acquired by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. acquired 28,817 shares of Dollar Tree, Inc. valued at approximately $2,163,000 in the first quarter, indicating growing institutional interest in the company.
• Dollar Tree announced a $2.5 billion share repurchase program, which allows for the buyback of up to 11.5% of its outstanding shares, suggesting that management believes the stock is undervalued.
• Research analysts have mixed ratings for Dollar Tree, with seven buy ratings and a consensus target price of $97.74, reflecting a cautious optimism about the company's future performance.

ASR Vermogensbeheer N.V. acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 28,817 shares of the company's stock, valued at approximately $2,163,000.

Several other large investors also recently added to or reduced their stakes in DLTR. Wellington Management Group LLP grew its holdings in shares of Dollar Tree by 155.7% during the fourth quarter. Wellington Management Group LLP now owns 77,886 shares of the company's stock worth $5,837,000 after purchasing an additional 47,427 shares in the last quarter. Franklin Resources Inc. lifted its position in Dollar Tree by 113.8% in the fourth quarter. Franklin Resources Inc. now owns 44,277 shares of the company's stock valued at $3,318,000 after purchasing an additional 23,571 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Dollar Tree by 48.1% during the fourth quarter. Russell Investments Group Ltd. now owns 82,984 shares of the company's stock valued at $6,219,000 after acquiring an additional 26,950 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Dollar Tree by 649.2% during the fourth quarter. Bank of Nova Scotia now owns 174,989 shares of the company's stock valued at $13,114,000 after acquiring an additional 151,631 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in Dollar Tree by 116.0% in the fourth quarter. Advisory Services Network LLC now owns 10,126 shares of the company's stock worth $759,000 after purchasing an additional 5,438 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Down 0.2%

Shares of DLTR traded down $0.23 during midday trading on Tuesday, reaching $114.06. 3,354,756 shares of the stock were exchanged, compared to its average volume of 4,150,108. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $105.08 and its two-hundred day moving average is $86.35. The company has a market capitalization of $23.80 billion, a P/E ratio of -8.23, a PEG ratio of 2.49 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DLTR. UBS Group upped their price target on Dollar Tree from $95.00 to $108.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. raised their target price on Dollar Tree from $111.00 to $138.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Evercore ISI boosted their price target on Dollar Tree from $104.00 to $108.00 and gave the stock an "in-line" rating in a report on Tuesday. Wells Fargo & Company lifted their price objective on Dollar Tree from $105.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Finally, BMO Capital Markets lifted their price objective on Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $98.47.

Insiders Place Their Bets

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief marketing officer owned 50,419 shares of the company's stock, valued at approximately $4,770,645.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.60% of the company's stock.

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.