Estuary Capital Management LP Buys 65,730 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Estuary Capital Management LP increased its stake in Dollar Tree by 10.7% during Q1, making it the firm's largest holding, valued at approximately $50.87 million.
• Dollar Tree reported an EPS of $0.77 for the latest quarter, significantly exceeding the expected $0.38, with revenues of $4.57 billion, up 12.3% year-over-year.
• The company has authorized a $2.5 billion stock repurchase program, indicating its belief that its shares are undervalued, allowing buybacks of up to 11.5% of its stock.

Estuary Capital Management LP increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 10.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 677,675 shares of the company's stock after acquiring an additional 65,730 shares during the period. Dollar Tree makes up about 12.3% of Estuary Capital Management LP's investment portfolio, making the stock its largest position. Estuary Capital Management LP owned approximately 0.32% of Dollar Tree worth $50,873,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Horizon Investments LLC raised its stake in shares of Dollar Tree by 5.1% in the 1st quarter. Horizon Investments LLC now owns 2,905 shares of the company's stock valued at $218,000 after acquiring an additional 140 shares in the last quarter. Brooklyn Investment Group increased its position in Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after buying an additional 158 shares during the period. Private Trust Co. NA grew its holdings in shares of Dollar Tree by 11.6% during the 1st quarter. Private Trust Co. NA now owns 1,527 shares of the company's stock worth $115,000 after purchasing an additional 159 shares in the last quarter. Cary Street Partners Financial LLC grew its holdings in shares of Dollar Tree by 8.5% during the 1st 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 in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Dollar Tree by 0.7% during the 1st quarter. Amalgamated Bank now owns 39,283 shares of the company's stock worth $2,949,000 after purchasing an additional 265 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. UBS Group reissued a "buy" rating and set a $140.00 price objective on shares of Dollar Tree in a report on Tuesday, August 26th. Morgan Stanley lifted their price objective on Dollar Tree from $96.00 to $105.00 and gave the stock an "equal weight" rating in a report on Friday. Cfra Research raised Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Gordon Haskett lowered 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, September 3rd. Finally, Jefferies Financial Group initiated coverage on Dollar Tree in a research note on Thursday, July 17th. They issued a "hold" rating and a $106.00 price target on the stock. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $108.26.

Dollar Tree Price Performance

Dollar Tree stock traded down $1.72 on Monday, reaching $99.40. The company's stock had a trading volume of 7,462,927 shares, compared to its average volume of 4,202,937. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04. The company has a market cap of $20.27 billion, a price-to-earnings ratio of -7.32, a PEG ratio of 1.84 and a beta of 0.89. The business's fifty day moving average price is $110.41 and its 200 day moving average price is $91.28. 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 released its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.39. The company had revenue of $4.57 billion during 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 previous year, the company posted $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities analysts expect 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 share repurchase program on Wednesday, July 9th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the company to reacquire up to 11.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

About Dollar Tree

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.