Entropy Technologies LP Has $623,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Key Points

• Entropy Technologies LP has reduced its stake in Dollar Tree by 71.4%, selling 20,700 shares during the first quarter, leaving them with 8,300 shares worth approximately $623,000.
• Dollar Tree reported earnings per share of $1.26 for the last quarter, surpassing estimates, with revenues of $4.64 billion, a year-over-year increase of 11.3%.
• The company has initiated a $2.5 billion stock buyback plan, indicating confidence in its stock valuation, aiming to repurchase up to 11.5% of its shares.

Entropy Technologies LP reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 71.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,300 shares of the company's stock after selling 20,700 shares during the period. Entropy Technologies LP's holdings in Dollar Tree were worth $623,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. increased its position in Dollar Tree by 34,600.0% in the 4th 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. Zions Bancorporation National Association UT acquired a new position in Dollar Tree in the 1st quarter worth about $30,000. CX Institutional acquired a new position in shares of Dollar Tree during the 1st quarter valued at about $43,000. Sentry Investment Management LLC acquired a new position in shares of Dollar Tree during the 1st quarter valued at about $48,000. Finally, GeoWealth Management LLC acquired a new position in shares of Dollar Tree during the 4th quarter valued at about $61,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Cfra Research raised Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Barclays upgraded Dollar Tree from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $95.00 to $138.00 in a research note on Monday, July 21st. Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the company a "market perform" rating in a research note on Monday, May 5th. Truist Financial restated a "buy" rating and set a $127.00 target price (up previously from $109.00) on shares of Dollar Tree in a research note on Wednesday. Finally, Piper Sandler increased their target price on Dollar Tree from $72.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $99.89.

Dollar Tree Stock Down 0.7%

Shares of Dollar Tree stock traded down $0.77 during trading on Thursday, reaching $114.63. The stock had a trading volume of 3,658,557 shares, compared to its average volume of 3,137,621. The company has a market capitalization of $23.92 billion, a price-to-earnings ratio of -8.27, a P/E/G ratio of 2.47 and a beta of 0.88. The stock has a fifty day moving average price of $106.32 and a two-hundred day moving average price of $87.02. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week 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 0.62.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly 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 company had revenue of $4.64 billion for 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%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share. Sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its Board of Directors has authorized a share repurchase program on Wednesday, July 9th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 11.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of the company's stock in a transaction dated 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 sale, the chief marketing officer owned 50,419 shares in the company, valued at approximately $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 is accessible through this hyperlink. 6.60% of the stock is currently owned by company insiders.

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.