Focus Partners Advisor Solutions LLC Acquires New Position in Dollar Tree, Inc. $DLTR

Key Points

• Focus Partners Advisor Solutions LLC has acquired a new stake in Dollar Tree, Inc., purchasing 3,026 shares valued at approximately $227,000 in the 1st quarter.
• Major equity analysts are optimistic about Dollar Tree's prospects, with BMO Capital Markets raising its target price to $85.00 and JPMorgan Chase & Co. increasing theirs to $140.00.
• Dollar Tree recently announced a $2.50 billion share repurchase plan, signaling that the board believes its shares are undervalued.

Focus Partners Advisor Solutions LLC bought a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 3,026 shares of the company's stock, valued at approximately $227,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings in Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after acquiring an additional 158 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Dollar Tree during the 1st quarter valued at about $30,000. CX Institutional purchased a new position in Dollar Tree during the 1st quarter valued at about $43,000. Sentry Investment Management LLC purchased a new position in Dollar Tree during the 1st quarter valued at about $48,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Dollar Tree by 121.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock valued at $73,000 after acquiring an additional 534 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a report on Thursday, June 5th. JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $138.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday. Citigroup dropped their target price on shares of Dollar Tree from $130.00 to $124.00 and set a "buy" rating for the company in a report on Thursday. Telsey Advisory Group reiterated an "outperform" rating and set a $130.00 price target on shares of Dollar Tree in a report on Thursday. Finally, Piper Sandler lowered their price target on shares of Dollar Tree from $112.00 to $108.00 and set a "neutral" rating for the company in a report on Thursday. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $106.95.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $101.12 on Monday. The company has a market cap of $20.63 billion, a PE ratio of -7.45, a price-to-earnings-growth ratio of 1.84 and a beta of 0.89. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. The company has a 50-day simple moving average of $110.41 and a 200-day simple moving average of $91.28.

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

Dollar Tree announced that its board has initiated a share repurchase plan on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 11.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

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.

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