Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Stock Holdings in Dollar Tree, Inc. $DLTR

Key Points

• Fjarde AP Fonden reduced its stake in Dollar Tree by 35.7%, selling 11,500 shares, and now holds 20,744 shares valued at approximately $1.56 million.
• Dollar Tree reported quarterly earnings of $1.26 per share, beating analysts' expectations, and its revenue increased by 11.3% year-over-year to $4.64 billion.
• The company has approved a share buyback plan of $2.5 billion, allowing the repurchase of up to 11.5% of its outstanding shares, indicating management's belief in the stock's undervaluation.

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 35.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,744 shares of the company's stock after selling 11,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Dollar Tree were worth $1,557,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DLTR. Zions Bancorporation National Association UT acquired a new position in Dollar Tree in the first quarter valued at about $30,000. CX Institutional bought a new stake in Dollar Tree during the first quarter worth about $43,000. Sentry Investment Management LLC bought a new stake in Dollar Tree during the first quarter worth about $48,000. GeoWealth Management LLC acquired a new position in Dollar Tree during the fourth quarter worth approximately $61,000. Finally, MassMutual Private Wealth & Trust FSB increased 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 buying an additional 534 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

Shares of Dollar Tree stock traded up $0.4120 during mid-day trading on Friday, hitting $113.0020. 1,303,072 shares of the stock were exchanged, compared to its average volume of 4,094,327. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The company has a 50-day simple moving average of $108.16 and a 200 day simple moving average of $88.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. The company has a market capitalization of $23.58 billion, a P/E ratio of -8.15, a P/E/G ratio of 2.42 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. The firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 EPS. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its board has approved a share 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 buy up to 11.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

DLTR has been the topic of several research reports. Guggenheim reaffirmed a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a research report on Thursday, June 5th. Evercore ISI increased their price target on Dollar Tree from $104.00 to $108.00 and gave the stock an "in-line" rating in a research report on Tuesday, August 12th. Wells Fargo & Company upped their target price on Dollar Tree from $105.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Jefferies Financial Group assumed coverage on Dollar Tree in a research note on Thursday, July 17th. They issued a "hold" rating and a $106.00 price target for the company. Finally, Morgan Stanley increased their price target on Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $100.89.

Insider Activity at Dollar Tree

In related 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 value of $1,989,480.12. Following the sale, the chief marketing officer owned 50,419 shares of the company's stock, valued at approximately $4,770,645.78. The trade was a 29.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.60% of the company's stock.

Dollar Tree 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.