Bayforest Capital Ltd Boosts Holdings in Dollar Tree, Inc. $DLTR

Key Points

• Bayforest Capital Ltd increased its holdings in Dollar Tree, Inc. by 309.2%, making the stock its 25th largest position, with a valuation of over $1.12 million at the end of the recent reporting period.
• Several analysts have upgraded their ratings on Dollar Tree, with Morgan Stanley raising the target price to $105 and Cfra Research changing its rating to "hold."
• Dollar Tree recently reported better-than-expected earnings with $0.77 EPS, surpassing estimates of $0.38, alongside a 12.3% revenue increase year-over-year.

Bayforest Capital Ltd increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 309.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,927 shares of the company's stock after purchasing an additional 11,279 shares during the period. Dollar Tree accounts for 0.5% of Bayforest Capital Ltd's investment portfolio, making the stock its 25th largest holding. Bayforest Capital Ltd's holdings in Dollar Tree were worth $1,121,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Dollar Tree by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company's stock worth $1,789,648,000 after purchasing an additional 389,490 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Dollar Tree by 0.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company's stock worth $750,323,000 after buying an additional 74,230 shares during the last quarter. EdgePoint Investment Group Inc. raised its position in Dollar Tree by 21.4% during the 1st quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company's stock worth $723,788,000 after buying an additional 1,701,344 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Dollar Tree by 69.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company's stock worth $439,025,000 after buying an additional 2,400,586 shares during the last quarter. Finally, Invesco Ltd. raised its position in Dollar Tree by 8.8% during the 1st quarter. Invesco Ltd. now owns 3,529,998 shares of the company's stock worth $264,997,000 after buying an additional 286,910 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Price Performance

Shares of DLTR traded down $1.94 during trading hours on Friday, reaching $97.45. The company had a trading volume of 3,666,212 shares, compared to its average volume of 4,227,133. The firm has a 50 day simple moving average of $110.19 and a 200-day simple moving average of $91.71. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $19.88 billion, a price-to-earnings ratio of -7.18, a PEG ratio of 1.80 and a beta of 0.89. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted 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. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period last year, the firm posted $0.67 EPS. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree declared that its board has authorized 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 repurchase up to 11.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial upped their price objective on shares of Dollar Tree from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Gordon Haskett downgraded shares of Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price objective for the company. in a research report on Wednesday, September 3rd. Bank of America upped their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an "underperform" rating in a research report on Thursday, September 4th. Evercore ISI upped their price objective on shares of Dollar Tree from $108.00 to $110.00 and gave the stock an "in-line" rating in a research report on Tuesday, August 26th. Finally, Jefferies Financial Group initiated coverage on shares of Dollar Tree in a research report on Thursday, July 17th. They set a "hold" rating and a $106.00 price objective for the company. Eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.