Candriam S.C.A. Grows Position in Dollar Tree, Inc. $DLTR

Key Points

• Candriam S.C.A. increased its position in Dollar Tree, Inc. by 49.6% during the first quarter, now owning 21,860 shares valued at $1,641,000.
• Analysts have raised their price targets for Dollar Tree, with JPMorgan Chase and Barclays setting new targets of $138.00, indicating strong confidence in the stock's performance.
• Dollar Tree recently initiated a $2.5 billion share buyback program, which allows the company to repurchase up to 11.5% of its shares, signaling a belief that the stock is undervalued.

Candriam S.C.A. increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 49.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,860 shares of the company's stock after buying an additional 7,243 shares during the quarter. Candriam S.C.A.'s holdings in Dollar Tree were worth $1,641,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its stake in Dollar Tree by 0.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,994,978 shares of the company's stock worth $750,323,000 after buying an additional 74,230 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Dollar Tree during the 1st quarter worth approximately $582,000. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Dollar Tree by 38.2% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 5,879 shares of the company's stock worth $441,000 after buying an additional 1,624 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Dollar Tree by 7.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 216,924 shares of the company's stock worth $16,284,000 after buying an additional 14,225 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Dollar Tree during the 1st quarter worth approximately $5,158,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

DLTR has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Dollar Tree from $111.00 to $138.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Guggenheim reaffirmed a "buy" rating and set a $100.00 price objective on shares of Dollar Tree in a research report on Thursday, June 5th. Morgan Stanley increased their price objective on Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. BMO Capital Markets increased their price objective on Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research report on Thursday, June 5th. Finally, Barclays raised Dollar Tree from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $95.00 to $138.00 in a research report on Monday, July 21st. 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $100.89.

Insider Activity at Dollar Tree

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

Dollar Tree Stock Up 0.6%

DLTR opened at $113.32 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72. The business has a 50 day simple moving average of $108.53 and a 200-day simple moving average of $88.74. The stock has a market capitalization of $23.65 billion, a P/E ratio of -8.18, a P/E/G ratio of 2.42 and a beta of 0.88. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, beating 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%.The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $1.43 EPS. 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 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 buyback $2.50 billion in shares. This buyback authorization permits the company to purchase up to 11.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

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.

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