BNP Paribas Financial Markets Acquires 169,950 Shares of Dollar Tree, Inc. $DLTR

Key Points

• BNP Paribas Financial Markets increased its stake in Dollar Tree, Inc. by 31%, acquiring an additional 169,950 shares during the first quarter, bringing its total ownership to approximately $53.94 million.
• Dollar Tree reported quarterly earnings of $1.26 EPS, exceeding estimates of $1.21 EPS, with a revenue of $4.64 billion, and set a guidance of $5.150-5.650 EPS for FY 2025.
• The company announced a share repurchase plan allowing for the buyback of $2.5 billion worth of stock, representing up to 11.5% of its shares, indicating management's belief that the stock is undervalued.

BNP Paribas Financial Markets raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 31.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 718,529 shares of the company's stock after purchasing an additional 169,950 shares during the period. BNP Paribas Financial Markets owned 0.33% of Dollar Tree worth $53,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group grew its stake in shares of Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after acquiring an additional 158 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Dollar Tree in the first quarter valued at about $30,000. CX Institutional acquired a new position in shares of Dollar Tree in the first quarter valued at about $43,000. Sentry Investment Management LLC acquired a new position in shares of Dollar Tree in the first quarter valued at about $48,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Dollar Tree by 121.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock valued at $73,000 after acquiring an additional 534 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Trading Down 2.9%

NASDAQ:DLTR traded down $2.95 on Thursday, reaching $99.08. 5,192,452 shares of the stock traded hands, compared to its average volume of 4,156,365. The firm has a market capitalization of $20.68 billion, a price-to-earnings ratio of -7.15, 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 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 $110.35 and its 200-day moving average is $90.69.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.38 by $0.39. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The company's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its board has initiated a share buyback program on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 11.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

DLTR has been the topic of several research reports. Evercore ISI upped their price target on shares of Dollar Tree from $108.00 to $110.00 and gave the company an "in-line" rating in a research note on Tuesday, August 26th. Truist Financial increased their target price on shares of Dollar Tree from $127.00 to $129.00 and gave the stock a "buy" rating in a report on Wednesday. BMO Capital Markets increased their target price on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a report on Thursday, June 5th. Telsey Advisory Group reiterated an "outperform" rating and issued a $130.00 price objective on shares of Dollar Tree in a report on Thursday. Finally, Cfra Research upgraded shares of Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Dollar Tree currently has a consensus rating of "Hold" and an average price target of $105.35.

Insider Buying and Selling

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree stock in a transaction on Friday, June 6th. The shares were sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the transaction, the chief marketing officer directly owned 50,419 shares of the company's stock, valued at $4,770,645.78. The trade was a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.60% of the company's stock.

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.