Stoneridge Investment Partners LLC Has $1.98 Million Position in Dollar Tree, Inc. $DLTR

Key Points

• Stoneridge Investment Partners LLC has reduced its shares in Dollar Tree, Inc. by 57.2%, now holding 26,385 shares worth approximately $1.98 million.
• In the most recent quarter, several institutional investors, including Vanguard and T. Rowe Price, have increased their holdings in Dollar Tree, indicating strong institutional interest.
• Dollar Tree recently announced a $2.5 billion share repurchase program, allowing the company to buy back up to 11.5% of its stock, signaling confidence in its valuation.

Stoneridge Investment Partners LLC lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 57.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,385 shares of the company's stock after selling 35,287 shares during the period. Dollar Tree accounts for 1.7% of Stoneridge Investment Partners LLC's portfolio, making the stock its 19th largest holding. Stoneridge Investment Partners LLC's holdings in Dollar Tree were worth $1,981,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Horizon Investments LLC increased its holdings in Dollar Tree by 5.1% in the first quarter. Horizon Investments LLC now owns 2,905 shares of the company's stock worth $218,000 after buying an additional 140 shares during the last quarter. Brooklyn Investment Group increased its holdings in 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 last quarter. Private Trust Co. NA boosted its position in Dollar Tree by 11.6% during the first quarter. Private Trust Co. NA now owns 1,527 shares of the company's stock worth $115,000 after purchasing an additional 159 shares during the period. Cary Street Partners Financial LLC boosted its position in Dollar Tree by 8.5% during the first quarter. Cary Street Partners Financial LLC now owns 2,381 shares of the company's stock worth $179,000 after purchasing an additional 186 shares during the period. Finally, Amalgamated Bank boosted its position in Dollar Tree by 0.7% during the first quarter. Amalgamated Bank now owns 39,283 shares of the company's stock worth $2,949,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded up $0.73 during trading hours on Friday, reaching $113.32. The stock had a trading volume of 2,223,637 shares, compared to its average volume of 2,995,577. The business's fifty day moving average is $108.53 and its two-hundred day moving average is $88.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72. The company has a market cap of $23.65 billion, a price-to-earnings ratio of -8.18, a PEG ratio of 2.42 and a beta of 0.88. 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 issued its earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%.Dollar Tree's revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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

Insider Transactions at Dollar Tree

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the 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 transaction, the chief marketing officer directly owned 50,419 shares in the company, valued at $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group upped their target price on Dollar Tree from $95.00 to $108.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Piper Sandler upped their target price on Dollar Tree from $93.00 to $112.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. The Goldman Sachs Group cut Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. Cfra Research raised Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. Finally, BMO Capital Markets upped their target price on Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research report on Thursday, June 5th. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $100.89.

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.