Trexquant Investment LP Cuts Stake in Dollar Tree, Inc. $DLTR

Key Points

• Trexquant Investment LP has reduced its stake in Dollar Tree, Inc. by 18.5%, owning approximately 0.07% of the company after selling 33,822 shares.
• Several institutional investors have significantly increased their positions in Dollar Tree, with Balyasny Asset Management boosting its stake by 2,489.9% in the fourth quarter.
• Dollar Tree has announced a stock repurchase program authorizing the buyback of $2.5 billion in shares, reflecting confidence from its Board of Directors in the company's valuation.

Trexquant Investment LP reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 18.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 148,604 shares of the company's stock after selling 33,822 shares during the quarter. Trexquant Investment LP owned about 0.07% of Dollar Tree worth $11,156,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Oarsman Capital Inc. increased its stake in Dollar Tree by 10.8% in the 1st quarter. Oarsman Capital Inc. now owns 2,813 shares of the company's stock valued at $211,000 after buying an additional 275 shares during the period. BNP Paribas Financial Markets increased its stake in Dollar Tree by 31.0% in the 1st quarter. BNP Paribas Financial Markets now owns 718,529 shares of the company's stock valued at $53,940,000 after buying an additional 169,950 shares during the period. Broyhill Asset Management LLC acquired a new position in Dollar Tree in the 1st quarter valued at $929,000. Carlson Capital L.P. acquired a new position in Dollar Tree in the 1st quarter valued at $586,000. Finally, MetLife Investment Management LLC increased its stake in Dollar Tree by 76.8% in the 1st quarter. MetLife Investment Management LLC now owns 94,571 shares of the company's stock valued at $7,099,000 after buying an additional 41,084 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DLTR. Evercore ISI upped 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 note on Tuesday, August 26th. Gordon Haskett cut shares of Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price target on the stock. in a research note on Wednesday. Guggenheim reaffirmed a "buy" rating and set a $100.00 price target on shares of Dollar Tree in a research note on Thursday, June 5th. The Goldman Sachs Group cut shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, June 5th. Finally, UBS Group reaffirmed a "buy" rating and set a $140.00 price target on shares of Dollar Tree in a research note on Tuesday, August 26th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of "Hold" and an average target price of $104.05.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the company's stock in a transaction dated 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 transaction, the chief marketing officer directly owned 50,419 shares in the company, valued at approximately $4,770,645.78. This represents a 29.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.60% of the company's stock.

Dollar Tree Price Performance

NASDAQ DLTR traded down $8.98 during trading hours on Wednesday, reaching $102.38. The company's stock had a trading volume of 14,186,422 shares, compared to its average volume of 4,138,080. The stock has a market cap of $21.37 billion, a PE ratio of -7.39, a PEG ratio of 2.32 and a beta of 0.89. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The company's 50-day moving average is $110.30 and its two-hundred day moving average is $90.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. The firm 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 12.15% and a positive return on equity of 19.36%. The firm's revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its Board of Directors has authorized a stock buyback program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 11.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors 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.