Caisse DE Depot ET Placement DU Quebec Sells 153,492 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Caisse de Depot et Placement du Quebec has significantly reduced its stake in Dollar Tree by 78.5%, selling 153,492 shares, leaving it with just 42,100 shares valued at approximately $3.16 million.
• Dollar Tree recently reported a quarterly revenue of $4.64 billion, surpassing analyst estimates and a positive EPS of $1.26, indicating a solid performance despite a negative net margin.
• The company has authorized a $2.5 billion share repurchase program, which allows for the buyback of up to 11.5% of its shares, suggesting confidence from the board in the company's stock valuation.

Caisse DE Depot ET Placement DU Quebec lowered its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 78.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,100 shares of the company's stock after selling 153,492 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Dollar Tree were worth $3,160,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Balyasny Asset Management L.P. raised its position in Dollar Tree by 2,489.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company's stock valued at $196,452,000 after purchasing an additional 2,520,237 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Dollar Tree by 69.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company's stock valued at $439,025,000 after buying an additional 2,400,586 shares during the last quarter. Corvex Management LP raised its holdings in Dollar Tree by 155.2% in the 4th quarter. Corvex Management LP now owns 2,886,735 shares of the company's stock valued at $216,332,000 after buying an additional 1,755,761 shares during the last quarter. EdgePoint Investment Group Inc. raised its holdings in Dollar Tree by 14.4% in the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock valued at $595,036,000 after buying an additional 1,000,637 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Dollar Tree by 5,400.7% in the 1st quarter. Federated Hermes Inc. now owns 742,876 shares of the company's stock valued at $55,768,000 after buying an additional 729,371 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

DLTR has been the subject of several analyst reports. The Goldman Sachs Group downgraded shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, June 5th. Telsey Advisory Group raised shares of Dollar Tree from a "market perform" rating to an "outperform" rating and raised their price target for the company from $100.00 to $130.00 in a research note on Friday. Sanford C. Bernstein set a $82.00 price target on shares of Dollar Tree and gave the company a "market perform" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. boosted their price target on shares of Dollar Tree from $111.00 to $138.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Jefferies Financial Group began 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 equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and a consensus target price of $104.53.

Dollar Tree Stock Up 1.8%

NASDAQ:DLTR traded up $2.02 on Tuesday, hitting $111.19. The stock had a trading volume of 3,093,235 shares, compared to its average volume of 4,067,071. The business's fifty day moving average is $110.04 and its 200 day moving average is $90.47. The company has a market cap of $23.21 billion, a PE ratio of -8.02, a P/E/G ratio of 2.32 and a beta of 0.89. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%.The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. On average, equities research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its Board of Directors has initiated a stock repurchase program on Wednesday, July 9th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 11.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction that occurred 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 transaction, the chief marketing officer owned 50,419 shares in the company, valued at approximately $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.60% of the company's stock.

Dollar Tree 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.