Federation des caisses Desjardins du Quebec Sells 4,497 Shares of Dollar Tree, Inc. $DLTR

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in Dollar Tree, Inc. by 3.9% in the first quarter, holding approximately 0.05% of the company valued at $8.4 million after the sale.
• Dollar Tree reported earnings of $0.77 per share, exceeding analyst expectations, while also announcing a $2.5 billion share buyback plan, indicating management's belief that its stock is undervalued.
• Wall Street analysts have mixed ratings for Dollar Tree, with eight analysts rating it as a Buy, while others have internal ratings ranging from Hold to Sell, reflecting varying sentiment in the market.

Federation des caisses Desjardins du Quebec reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 3.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,251 shares of the company's stock after selling 4,497 shares during the period. Federation des caisses Desjardins du Quebec owned about 0.05% of Dollar Tree worth $8,427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DLTR. Price T Rowe Associates Inc. MD lifted its position in Dollar Tree by 69.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company's stock valued at $439,025,000 after purchasing an additional 2,400,586 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in shares of Dollar Tree by 14.4% in the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock valued at $595,036,000 after purchasing an additional 1,000,637 shares during the last quarter. Maverick Capital Ltd. purchased a new position in Dollar Tree in the 1st quarter valued at $69,890,000. Federated Hermes Inc. increased its holdings in Dollar Tree by 5,400.7% in the first quarter. Federated Hermes Inc. now owns 742,876 shares of the company's stock valued at $55,768,000 after buying an additional 729,371 shares in the last quarter. Finally, Junto Capital Management LP acquired a new position in shares of Dollar Tree in the first quarter valued at approximately $50,909,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Down 1.7%

Dollar Tree stock traded down $1.72 during trading on Monday, hitting $99.40. 7,132,966 shares of the company were exchanged, compared to its average volume of 4,195,284. The business's 50 day moving average is $110.41 and its 200 day moving average is $91.28. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06. The company has a market capitalization of $20.27 billion, a P/E ratio of -7.32, a PEG ratio of 1.84 and a beta of 0.89. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.39. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its Board of Directors has authorized a stock buyback plan on Wednesday, July 9th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 11.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have issued reports on DLTR. The Goldman Sachs Group lowered shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. Wells Fargo & Company reiterated an "overweight" rating on shares of Dollar Tree in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Dollar Tree from $138.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday. BMO Capital Markets increased their price target on Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research report on Thursday, June 5th. Finally, Guggenheim dropped their target price on shares of Dollar Tree from $130.00 to $125.00 and set a "buy" rating for the company in a report on Monday. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $108.26.

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.