BOCHK Asset Management Ltd Invests $297,000 in Dollar Tree, Inc. $DLTR

Key Points

• BOCHK Asset Management Ltd has invested approximately $297,000 in Dollar Tree, Inc., acquiring 3,000 shares in the second quarter.
• Dollar Tree reported strong earnings for the last quarter, with an earnings per share of $0.77, surpassing the consensus estimate of $0.38, and a revenue increase of 12.3% year-over-year.
• The company has announced a $2.50 billion share repurchase plan, signaling confidence in its stock's valuation and allowing it to reacquire up to 11.5% of its outstanding shares.

BOCHK Asset Management Ltd acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,000 shares of the company's stock, valued at approximately $297,000.

A number of other institutional investors also recently bought and sold shares of DLTR. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Dollar Tree by 21.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,105 shares of the company's stock worth $682,000 after buying an additional 1,588 shares during the last quarter. Wellington Management Group LLP increased its stake in Dollar Tree by 155.7% during the fourth quarter. Wellington Management Group LLP now owns 77,886 shares of the company's stock worth $5,837,000 after acquiring an additional 47,427 shares during the last quarter. GAMMA Investing LLC raised its position in Dollar Tree by 5,689.5% in the first quarter. GAMMA Investing LLC now owns 329,482 shares of the company's stock valued at $24,734,000 after purchasing an additional 323,791 shares during the period. Rhumbline Advisers lifted its stake in shares of Dollar Tree by 14.0% in the 1st quarter. Rhumbline Advisers now owns 410,473 shares of the company's stock valued at $30,814,000 after purchasing an additional 50,374 shares during the last quarter. Finally, Czech National Bank grew its holdings in shares of Dollar Tree by 6.0% during the 1st quarter. Czech National Bank now owns 46,427 shares of the company's stock worth $3,485,000 after purchasing an additional 2,609 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

Shares of DLTR opened at $90.32 on Thursday. The stock has a 50-day simple moving average of $106.58 and a 200-day simple moving average of $94.25. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. The stock has a market capitalization of $18.42 billion, a PE ratio of -6.66, a PEG ratio of 1.72 and a beta of 0.86. 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, 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 for the quarter, compared to analysts' expectations of $4.46 billion. During the same quarter last year, the company earned $0.67 earnings per share. The firm's revenue was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree declared that its board has approved a share repurchase plan on Wednesday, July 9th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 11.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Insider Activity at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the transaction, the director owned 4,089 shares of the company's stock, valued at $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 6.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DLTR. The Goldman Sachs Group cut shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. 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 report on Thursday, September 4th. Wolfe Research assumed coverage on shares of Dollar Tree in a report on Thursday, September 18th. They issued a "peer perform" rating for the company. Citigroup decreased their price target on Dollar Tree from $130.00 to $124.00 and set a "buy" rating on the stock in a research note on Thursday, September 4th. Finally, Wells Fargo & Company restated an "overweight" rating on shares of Dollar Tree in a research report on Wednesday, September 3rd. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $111.29.

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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