Fuller & Thaler Asset Management Inc. Has $16.28 Million Position in Dollar Tree, Inc. $DLTR

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Dollar Tree, owning 216,924 shares worth approximately $16.28 million after acquiring an additional 14,225 shares in the first quarter.
• Dollar Tree announced a $2.5 billion share buyback plan to repurchase up to 11.5% of its stock, indicating the board's belief that the shares are undervalued.
• The company's recent earnings report showed a 12.15% negative net margin but a positive return on equity of 19.36%, with revenue growth of 11.3% year-over-year.

Fuller & Thaler Asset Management Inc. raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,924 shares of the company's stock after purchasing an additional 14,225 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.10% of Dollar Tree worth $16,284,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DLTR. Vanguard Group Inc. increased its stake in shares of Dollar Tree by 1.7% in the first quarter. Vanguard Group Inc. now owns 23,839,718 shares of the company's stock worth $1,789,648,000 after acquiring an additional 389,490 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Dollar Tree by 5.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock worth $743,461,000 after acquiring an additional 533,920 shares during the last quarter. EdgePoint Investment Group Inc. increased its stake in shares of Dollar Tree by 14.4% in the fourth quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock worth $595,036,000 after acquiring an additional 1,000,637 shares during the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of Dollar Tree by 382.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock worth $488,974,000 after acquiring an additional 5,173,238 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Dollar Tree by 8.8% in the first quarter. Invesco Ltd. now owns 3,529,998 shares of the company's stock worth $264,997,000 after acquiring an additional 286,910 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Trading Up 0.4%

Shares of NASDAQ:DLTR opened at $112.48 on Wednesday. The stock has a market capitalization of $23.47 billion, a PE ratio of -8.12, a P/E/G ratio of 2.40 and a beta of 0.88. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The firm has a fifty day moving average price of $107.45 and a 200 day moving average price of $87.91. 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 data on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. The firm had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. Dollar Tree's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. Analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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

Insider Transactions at Dollar Tree

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the sale, the chief marketing officer directly owned 50,419 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 6.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, June 5th. Truist Financial upped their price target on shares of Dollar Tree from $109.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $95.00 price target on shares of Dollar Tree in a research note on Wednesday, June 4th. BMO Capital Markets upped their price target on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research note on Thursday, June 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Dollar Tree from $111.00 to $138.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $100.89.

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.

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