B. Metzler seel. Sohn & Co. AG Lowers Holdings in Dollar Tree, Inc. $DLTR

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its stock position in Dollar Tree, Inc. by 43.1%, selling 3,805 shares to hold a total of 5,020 shares valued at approximately $377,000.
• Several large investors increased their positions significantly in Dollar Tree, with Balyasny Asset Management L.P. lifting its position by 2,489.9% during the fourth quarter, now owning over 2.6 million shares.
• Dollar Tree's board has authorized a $2.5 billion stock buyback plan, indicating that they believe the stock is undervalued, and the average target price set by analysts is currently $104.53.

B. Metzler seel. Sohn & Co. AG reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 43.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,020 shares of the company's stock after selling 3,805 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Dollar Tree were worth $377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MetLife Investment Management LLC lifted its stake in Dollar Tree by 76.8% in the 1st quarter. MetLife Investment Management LLC now owns 94,571 shares of the company's stock worth $7,099,000 after purchasing an additional 41,084 shares in the last quarter. Quantitative Investment Management LLC bought a new position in shares of Dollar Tree in the first quarter worth $8,262,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Dollar Tree by 57.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,189 shares of the company's stock worth $89,000 after buying an additional 435 shares in the last quarter. Allstate Corp boosted its stake in Dollar Tree by 63.5% during the first quarter. Allstate Corp now owns 9,863 shares of the company's stock valued at $740,000 after buying an additional 3,832 shares during the period. Finally, Norinchukin Bank The grew its position in Dollar Tree by 10.1% during the first quarter. Norinchukin Bank The now owns 7,857 shares of the company's stock worth $590,000 after buying an additional 720 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Insider Buying and Selling

In other news, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree 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 sale, the chief marketing officer directly owned 50,419 shares of the company's stock, valued at approximately $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DLTR has been the topic of several research reports. Evercore ISI raised their price objective on shares of Dollar Tree from $108.00 to $110.00 and gave the company an "in-line" rating in a research report on Tuesday, August 26th. Wells Fargo & Company reissued an "overweight" rating on shares of Dollar Tree in a research report on Wednesday. Cfra Research raised Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. Jefferies Financial Group began coverage on Dollar Tree in a research report on Thursday, July 17th. They issued a "hold" rating and a $106.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dollar Tree from $111.00 to $138.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and an average price target of $104.15.

Dollar Tree Stock Performance

Shares of DLTR stock traded down $9.32 on Wednesday, reaching $102.03. The stock had a trading volume of 15,754,959 shares, compared to its average volume of 2,824,145. The stock has a market cap of $21.29 billion, a P/E ratio of -7.36, a price-to-earnings-growth ratio of 2.32 and a beta of 0.89. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. The company has a 50 day simple moving average of $110.35 and a 200 day simple moving average of $90.69.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.39. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%.Dollar Tree's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities research analysts expect 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 buyback plan on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to reacquire up to 11.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.