Contravisory Investment Management Inc. Invests $565,000 in Dollar Tree, Inc. $DLTR

Key Points

• Contravisory Investment Management Inc. has invested $565,000 in Dollar Tree, purchasing 5,709 shares in the second quarter.
• Director Stephanie Stahl sold 1,185 shares of Dollar Tree for a total of $118,879.20, reducing her ownership by 22.47%.
• Dollar Tree's stock had a consensus rating of "Hold" with an average price target of $109.28, though analyst opinions vary significantly.

Contravisory Investment Management Inc. purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,709 shares of the company's stock, valued at approximately $565,000.

A number of other hedge funds have also bought and sold shares of DLTR. Price T Rowe Associates Inc. MD grew its stake 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 in the last quarter. Alyeska Investment Group L.P. grew its stake in Dollar Tree by 1,055.1% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,322,189 shares of the company's stock valued at $174,327,000 after buying an additional 2,121,149 shares in the last quarter. EdgePoint Investment Group Inc. grew its stake in Dollar Tree by 21.4% in the 1st quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company's stock valued at $723,788,000 after buying an additional 1,701,344 shares in the last quarter. Maverick Capital Ltd. purchased a new position in Dollar Tree in the 1st quarter valued at approximately $69,890,000. Finally, Alliancebernstein L.P. grew its stake in Dollar Tree by 155.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,353,050 shares of the company's stock valued at $101,573,000 after buying an additional 822,694 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction on Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the transaction, the director owned 4,089 shares in the company, valued at approximately $410,208.48. The trade was a 22.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.60% of the company's stock.

Dollar Tree Stock Performance

NASDAQ:DLTR traded down $3.00 during trading hours on Friday, reaching $95.26. The company had a trading volume of 7,096,313 shares, compared to its average volume of 5,012,267. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06. The firm has a market cap of $19.43 billion, a price-to-earnings ratio of -7.02, a PEG ratio of 1.73 and a beta of 0.89. The firm's 50 day moving average price is $109.16 and its 200-day moving average price is $92.89.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly 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. The business had revenue of $4.57 billion for the quarter, compared to analysts' expectations of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The company's revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree announced that its Board of Directors has approved a stock repurchase program on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 11.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BNP Paribas lowered shares of Dollar Tree from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 4th. Morgan Stanley boosted their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the company an "equal weight" rating in a research report on Friday, September 5th. Bank of America upped their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an "underperform" rating in a research report on Thursday, September 4th. Wolfe Research started coverage on shares of Dollar Tree in a research report on Thursday. They set a "peer perform" rating for the company. Finally, BMO Capital Markets upped their price target on shares of Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a research report on Thursday, June 5th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Dollar Tree currently has a consensus rating of "Hold" and an average price target of $109.28.

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.