Dollar Tree, Inc. (NASDAQ:DLTR) Stake Lifted by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Dollar Tree, Inc. by 17.0%, owning 129,806 shares worth approximately $9.7 million as of the end of the first quarter.
• Dollar Tree reported $4.64 billion in revenue for the latest quarter, exceeding estimates, and achieved an EPS of $1.26, beating the consensus estimate by $0.05.
• The company has authorized a $2.5 billion stock repurchase plan, indicating management's belief that its shares are undervalued.

Universal Beteiligungs und Servicegesellschaft mbH increased its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 17.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,806 shares of the company's stock after buying an additional 18,848 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Dollar Tree worth $9,745,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DLTR. Bessemer Group Inc. increased its position in Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after purchasing an additional 346 shares during the last quarter. Hurley Capital LLC acquired a new position in Dollar Tree during the fourth quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp acquired a new position in Dollar Tree during the fourth quarter worth approximately $43,000. CX Institutional purchased a new stake in Dollar Tree during the first quarter worth approximately $43,000. Finally, Sentry Investment Management LLC purchased a new stake in Dollar Tree during the first quarter worth approximately $48,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Buying and Selling at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of the 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 sale, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DLTR shares. Bank of America decreased their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. Telsey Advisory Group restated a "market perform" rating and issued a $95.00 target price on shares of Dollar Tree in a research note on Wednesday, June 4th. Truist Financial upped their target price on shares of Dollar Tree from $89.00 to $100.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and upped their target price for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Finally, Piper Sandler upped their target price on shares of Dollar Tree from $72.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Dollar Tree has an average rating of "Hold" and a consensus price target of $97.74.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded down $1.53 on Tuesday, reaching $113.90. 546,136 shares of the company's stock were exchanged, compared to its average volume of 4,233,068. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $115.99. The business's 50-day moving average is $99.98 and its two-hundred day moving average is $83.30. The firm has a market capitalization of $23.77 billion, a price-to-earnings ratio of -8.21, a PEG ratio of 2.45 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter last year, the company earned $1.43 EPS. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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

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.