BI Asset Management Fondsmaeglerselskab A S Has $336,000 Stock Position in Dollar Tree, Inc. $DLTR

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its stake in Dollar Tree, Inc. by 54.0%, now owning 4,471 shares valued at approximately $336,000.
• The company's earnings report indicated $1.26 earnings per share (EPS) for the last quarter, exceeding expectations, and a revenue of $4.64 billion, growing 11.3% year-over-year.
• Dollar Tree announced a $2.5 billion share buyback plan aiming to reacquire up to 11.5% of its stock, reflecting management's belief that the stock is undervalued.

BI Asset Management Fondsmaeglerselskab A S lowered its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 54.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,471 shares of the company's stock after selling 5,252 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Dollar Tree were worth $336,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised 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 valued at $1,789,648,000 after acquiring an additional 389,490 shares in the last quarter. EdgePoint Investment Group Inc. raised its stake in Dollar Tree by 14.4% during the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock valued at $595,036,000 after acquiring an additional 1,000,637 shares in the last quarter. Invesco Ltd. raised its stake in Dollar Tree by 8.8% during the 1st quarter. Invesco Ltd. now owns 3,529,998 shares of the company's stock valued at $264,997,000 after acquiring an additional 286,910 shares in the last quarter. Corvex Management LP raised its stake in Dollar Tree by 155.2% during the 4th quarter. Corvex Management LP now owns 2,886,735 shares of the company's stock valued at $216,332,000 after acquiring an additional 1,755,761 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Dollar Tree by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,634,993 shares of the company's stock valued at $197,765,000 after purchasing an additional 6,883 shares during the period. Institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DLTR shares. Jefferies Financial Group started coverage on Dollar Tree in a research report on Thursday, July 17th. They set a "hold" rating and a $106.00 price target on the stock. Telsey Advisory Group reiterated a "market perform" rating and set a $95.00 price target on shares of Dollar Tree in a research report on Wednesday, June 4th. Wells Fargo & Company lifted their price target on Dollar Tree from $105.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Piper Sandler lifted their price target on Dollar Tree from $93.00 to $112.00 and gave the company a "neutral" rating in a research report on Tuesday, August 19th. Finally, Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the company a "market perform" rating in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $102.68.

Dollar Tree Price Performance

Shares of NASDAQ DLTR traded down $0.07 during mid-day trading on Thursday, reaching $112.79. The company had a trading volume of 1,447,842 shares, compared to its average volume of 4,065,074. 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 stock has a market cap of $23.54 billion, a PE ratio of -8.14, a P/E/G ratio of 2.39 and a beta of 0.88. The company has a 50-day moving average price of $109.36 and a two-hundred day moving average price of $89.43. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. The business had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%.Dollar Tree's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its Board of Directors has approved a stock buyback program on Wednesday, July 9th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the company to buy up to 11.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity at Dollar Tree

In other news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction 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 completion of the sale, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 6.60% of the stock is currently owned by company insiders.

About Dollar Tree

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.