Deutsche Bank AG Increases Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Key Points

• Deutsche Bank AG has increased its stake in Dollar Tree, Inc. by 2.5%, owning 935,173 shares valued at approximately $70.2 million as of the latest SEC filing.
• Several institutional investors, including Kovitz Investment Group and Marshall Wace LLP, made significant increases in their positions in Dollar Tree, with ownership among institutional investors now at 97.40%.
• Dollar Tree recently announced a $2.5 billion stock buyback program, reflecting confidence from its board that the stock is undervalued.

Deutsche Bank AG increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 2.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 935,173 shares of the company's stock after purchasing an additional 23,184 shares during the period. Deutsche Bank AG owned 0.43% of Dollar Tree worth $70,203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Kovitz Investment Group Partners LLC boosted its position in Dollar Tree by 382.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock valued at $488,974,000 after purchasing an additional 5,173,238 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Dollar Tree by 784.2% in the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock valued at $328,040,000 after buying an additional 3,882,324 shares in the last quarter. Balyasny Asset Management L.P. grew its position in shares of Dollar Tree by 2,489.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company's stock worth $196,452,000 after buying an additional 2,520,237 shares during the last quarter. Capital International Investors raised its stake in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after acquiring an additional 2,023,819 shares in the last quarter. Finally, Corvex Management LP lifted its position in Dollar Tree by 155.2% during the fourth quarter. Corvex Management LP now owns 2,886,735 shares of the company's stock valued at $216,332,000 after acquiring an additional 1,755,761 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DLTR shares. Truist Financial lifted their price target on shares of Dollar Tree from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Piper Sandler boosted their target price on Dollar Tree from $72.00 to $93.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Barclays raised Dollar Tree from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $95.00 to $138.00 in a research report on Monday, July 21st. Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the stock a "market perform" rating in a report on Monday, May 5th. Finally, Wells Fargo & Company upped their price objective on shares of Dollar Tree from $105.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Dollar Tree presently has a consensus rating of "Hold" and a consensus target price of $97.74.

Insider Activity at Dollar Tree

In other news, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.60% of the stock is owned by insiders.

Dollar Tree Trading Down 0.9%

Shares of Dollar Tree stock opened at $116.12 on Monday. The stock has a market cap of $24.23 billion, a PE ratio of -8.38, a price-to-earnings-growth ratio of 2.49 and a beta of 0.88. The firm has a fifty day moving average price of $104.62 and a 200 day moving average price of $86.06. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the business posted $1.43 EPS. The company's revenue was up 11.3% on a year-over-year basis. Equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its board has initiated a stock repurchase program on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits 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 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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