Blair William & Co. IL Boosts Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Key Points

• Blair William & Co. IL increased its holdings in Dollar Tree, Inc. by 52.2% during Q1, owning 13,175 shares now valued at approximately $989,000.
• Dollar Tree reported an EPS of $1.26 for the last quarter, exceeding expectations, and had a revenue of $4.64 billion, a year-over-year increase of 11.3%.
• The company has initiated a $2.5 billion stock repurchase program, allowing it to buy back up to 11.5% of its outstanding shares, indicating management believes the stock is undervalued.

Blair William & Co. IL lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 52.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,175 shares of the company's stock after buying an additional 4,518 shares during the period. Blair William & Co. IL's holdings in Dollar Tree were worth $989,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Argent Trust Co raised its stake in shares of Dollar Tree by 36.1% during the 1st quarter. Argent Trust Co now owns 4,575 shares of the company's stock worth $343,000 after buying an additional 1,213 shares in the last quarter. Scotia Capital Inc. raised its stake in shares of Dollar Tree by 2.7% during the 1st quarter. Scotia Capital Inc. now owns 58,674 shares of the company's stock worth $4,405,000 after buying an additional 1,520 shares in the last quarter. LSV Asset Management raised its stake in shares of Dollar Tree by 275.8% during the 1st quarter. LSV Asset Management now owns 166,868 shares of the company's stock worth $12,527,000 after buying an additional 122,468 shares in the last quarter. Alberta Investment Management Corp raised its stake in shares of Dollar Tree by 54.9% during the 1st quarter. Alberta Investment Management Corp now owns 145,000 shares of the company's stock worth $10,885,000 after buying an additional 51,400 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Dollar Tree by 40.4% during the 1st quarter. US Bancorp DE now owns 109,861 shares of the company's stock worth $8,247,000 after buying an additional 31,589 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 transaction of $1,989,480.12. Following the sale, the chief marketing officer owned 50,419 shares in the company, valued at $4,770,645.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.60% of the stock is owned by company insiders.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $116.12 on Friday. The business's fifty day moving average price is $104.62 and its two-hundred day moving average price is $85.96. The stock has a market cap of $24.23 billion, a PE ratio of -8.38, a price-to-earnings-growth ratio of 2.49 and a beta of 0.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted 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 business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The business's revenue was up 11.3% on a year-over-year basis. On average, analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its board has initiated a stock repurchase program on Wednesday, July 9th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to buy up to 11.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of analyst reports. Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the stock a "market perform" rating in a research note on Monday, May 5th. Wells Fargo & Company upped their price target on Dollar Tree from $105.00 to $130.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Morgan Stanley upped their price target on Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Jefferies Financial Group initiated coverage on Dollar Tree in a report on Thursday, July 17th. They issued a "hold" rating and a $106.00 price target on the stock. Finally, The Goldman Sachs Group cut Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dollar Tree currently has a consensus rating of "Hold" and an average target price of $97.74.

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.

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