Clough Capital Partners L P Sells 168,193 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Clough Capital Partners L P sold 168,193 shares of Dollar Tree, reducing its holdings by 94.9%, leaving the firm with only 9,000 shares valued at approximately $676,000.
• Several institutional investors, including Wealth Enhancement Advisory Services and McGinn Penninger Investment Management, increased their positions in Dollar Tree during the same quarter.
• Dollar Tree's board announced a $2.5 billion share buyback program, signaling confidence in the company's stock valuation and aiming to repurchase up to 11.5% of its shares.

Clough Capital Partners L P trimmed its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 94.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,000 shares of the company's stock after selling 168,193 shares during the quarter. Clough Capital Partners L P's holdings in Dollar Tree were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Brooklyn Investment Group grew its stake 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 purchasing an additional 158 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Dollar Tree during the first quarter worth approximately $30,000. CX Institutional acquired a new stake in Dollar Tree during the first quarter worth approximately $43,000. Sentry Investment Management LLC acquired a new stake in Dollar Tree during the first quarter worth approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake 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 purchasing an additional 534 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on DLTR. Cfra Research raised Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. Jefferies Financial Group began coverage on Dollar Tree in a research note on Thursday, July 17th. They set a "hold" rating and a $106.00 price objective on the stock. Truist Financial boosted their target price on Dollar Tree from $109.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. The Goldman Sachs Group cut Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Finally, BMO Capital Markets increased their target price on Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a report on Thursday, June 5th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Dollar Tree presently has an average rating of "Hold" and an average price target of $104.53.

Dollar Tree Price Performance

NASDAQ DLTR traded up $2.18 during trading on Tuesday, hitting $111.35. 5,488,963 shares of the stock traded hands, compared to its average volume of 4,082,197. The company has a market capitalization of $23.24 billion, a P/E ratio of -8.03, a price-to-earnings-growth 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. The firm has a 50-day simple moving average of $110.04 and a 200-day simple moving average of $90.47. 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 announced its earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. As a group, analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its board has approved a stock buyback program on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 11.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

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 stock was sold at an average price of $94.62, for a total transaction 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. The trade was a 29.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.60% of the stock is currently owned by company insiders.

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.