Trexquant Investment LP Has $11.16 Million 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 cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 18.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 148,604 shares of the company's stock after selling 33,822 shares during the period. Trexquant Investment LP owned 0.07% of Dollar Tree worth $11,156,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Oarsman Capital Inc. lifted its holdings in Dollar Tree by 10.8% in the first 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 holdings in Dollar Tree by 31.0% during the first quarter. BNP Paribas Financial Markets now owns 718,529 shares of the company's stock worth $53,940,000 after buying an additional 169,950 shares during the last quarter. Broyhill Asset Management LLC bought a new position in Dollar Tree during the first quarter worth about $929,000. Carlson Capital L.P. purchased a new stake in shares of Dollar Tree in the first quarter worth about $586,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of Dollar Tree by 76.8% in the first quarter. MetLife Investment Management LLC now owns 94,571 shares of the company's stock worth $7,099,000 after buying an additional 41,084 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research note on Thursday, June 5th. Morgan Stanley boosted their price objective on shares of Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $130.00 target price on shares of Dollar Tree in a research note on Thursday. Piper Sandler dropped their price objective on Dollar Tree from $112.00 to $108.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Guggenheim reaffirmed a "buy" rating and set a $100.00 price target on shares of Dollar Tree in a research report on Thursday, June 5th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of "Hold" and an average price target of $105.35.

Dollar Tree Price Performance

NASDAQ DLTR traded down $1.78 during trading hours on Thursday, reaching $100.25. 7,668,232 shares of the company's stock were exchanged, compared to its average volume of 3,645,045. The firm has a fifty day moving average of $110.36 and a 200-day moving average of $90.89. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $118.06. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.67. The stock has a market cap of $20.92 billion, a PE ratio of -7.39, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its board has authorized a stock buyback program on Wednesday, July 9th that permits the company to buyback $2.50 billion in 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 management believes its stock is undervalued.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the business's stock in a transaction that occurred 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 transaction, the chief marketing officer 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 this link. 6.60% of the stock is owned by company insiders.

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.