Dollar Tree, Inc. $DLTR Position Decreased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC reduced its holdings in Dollar Tree, Inc. by 65.2% in the first quarter, now owning 4,635 shares worth approximately $348,000.
• Dollar Tree's quarterly earnings revealed an EPS of $0.77, exceeding analysts' estimates of $0.38, with revenue growing 12.3% year-over-year to $4.57 billion.
• The company has approved a share buyback plan allowing repurchases of up to $2.50 billion in outstanding shares, which signals confidence in their stock's valuation.

MBB Public Markets I LLC decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 65.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,635 shares of the company's stock after selling 8,665 shares during the period. MBB Public Markets I LLC's holdings in Dollar Tree were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in DLTR. Brooklyn Investment Group boosted its holdings in shares of Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after buying an additional 158 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Dollar Tree in the first quarter worth about $30,000. CX Institutional acquired a new position in shares of Dollar Tree in the first quarter worth about $43,000. Sentry Investment Management LLC acquired a new position in shares of Dollar Tree in the first quarter worth about $48,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Dollar Tree by 121.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock worth $73,000 after buying an additional 534 shares during the period. Institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Cfra Research upgraded shares of Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Citigroup decreased their target price on shares of Dollar Tree from $130.00 to $124.00 and set a "buy" rating for the company in a report on Thursday. Gordon Haskett cut shares of Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 target price for the company. in a report on Wednesday, September 3rd. Truist Financial increased their price target on shares of Dollar Tree from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Evercore ISI increased their price target on shares of Dollar Tree from $108.00 to $110.00 and gave the stock an "in-line" rating in a research report on Tuesday, August 26th. Eight analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $106.95.

Dollar Tree Price Performance

Shares of DLTR opened at $101.12 on Monday. The firm has a market cap of $20.63 billion, a PE ratio of -7.45, a PEG ratio of 1.84 and a beta of 0.89. The firm's 50 day moving average price is $110.41 and its 200 day moving average price is $91.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The company's quarterly revenue was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its board has approved a share buyback plan on Wednesday, July 9th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 11.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is 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.

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