2,900 Shares in Dollar Tree, Inc. $DLTR Acquired by Chiron Capital Management LLC

Key Points

• Chiron Capital Management LLC has acquired a new stake in Dollar Tree, purchasing 2,900 shares valued at approximately $218,000.
• Several institutional investors have also increased their stakes in Dollar Tree, with 97.40% of the stock now owned by such entities.
• Dollar Tree announced a $2.5 billion share buyback program, allowing the company to repurchase up to 11.5% of its outstanding shares, indicating confidence in its stock value.

Chiron Capital Management LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,900 shares of the company's stock, valued at approximately $218,000.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DLTR shares. Bank of America boosted their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an "underperform" rating in a research report on Thursday. Wells Fargo & Company reiterated an "overweight" rating on shares of Dollar Tree in a report on Wednesday. Guggenheim reiterated a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a report on Thursday, June 5th. The Goldman Sachs Group lowered shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Finally, Morgan Stanley boosted their target price on shares of Dollar Tree from $96.00 to $105.00 and gave the company an "equal weight" rating in a report on Friday. Eight investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $106.95.

Dollar Tree Trading Up 0.9%

Shares of DLTR stock traded up $0.87 during trading hours on Friday, hitting $101.12. The company had a trading volume of 5,823,150 shares, compared to its average volume of 3,913,377. The company's fifty day moving average is $110.41 and its 200 day moving average is $91.07. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.72. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The stock has a market capitalization of $20.63 billion, a PE ratio of -7.45, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping 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 the consensus estimate of $4.46 billion. During the same period in the prior year, the firm earned $0.67 EPS. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its Board of Directors has authorized 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 purchase up to 11.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

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.