Dollar Tree, Inc. $DLTR Shares Bought by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. increased its position in Dollar Tree, Inc. by 633.2% during the first quarter, owning 37,855 shares worth approximately $2.84 million.
• Several hedge funds have also recently invested in Dollar Tree, with a significant increase in holdings seen from firms like Brooklyn Investment Group which raised its stake by 79.0%.
• The company recently reported earnings of $1.26 per share, surpassing expectations, and announced a $2.5 billion stock buyback plan, signaling confidence in its market position.

Graham Capital Management L.P. boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 633.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,855 shares of the company's stock after purchasing an additional 32,692 shares during the period. Graham Capital Management L.P.'s holdings in Dollar Tree were worth $2,842,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DLTR. Balyasny Asset Management L.P. grew its position in Dollar Tree by 2,489.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company's stock worth $196,452,000 after purchasing an additional 2,520,237 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Dollar Tree by 69.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company's stock worth $439,025,000 after purchasing an additional 2,400,586 shares during the last quarter. Corvex Management LP grew its position in Dollar Tree by 155.2% during the 4th quarter. Corvex Management LP now owns 2,886,735 shares of the company's stock worth $216,332,000 after purchasing an additional 1,755,761 shares during the last quarter. EdgePoint Investment Group Inc. grew its position in Dollar Tree by 14.4% during the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock worth $595,036,000 after purchasing an additional 1,000,637 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Dollar Tree by 5,400.7% during the 1st quarter. Federated Hermes Inc. now owns 742,876 shares of the company's stock worth $55,768,000 after purchasing an additional 729,371 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Performance

Shares of DLTR traded down $1.78 during trading hours on Thursday, hitting $100.25. The stock had a trading volume of 7,668,232 shares, compared to its average volume of 4,173,855. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. The firm has a 50-day moving average price of $110.35 and a 200 day moving average price of $90.69. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The firm has a market capitalization of $20.92 billion, a price-to-earnings ratio of -7.23, a PEG ratio of 2.32 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.39. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The firm had revenue of $4.57 billion during the quarter, compared to analysts' expectations of $4.46 billion. During the same period in the previous year, the business posted $0.67 EPS. The business'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. As a group, research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its board has authorized a share buyback program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the company to purchase up to 11.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have weighed in on DLTR shares. Guggenheim reissued a "buy" rating and set a $100.00 target price on shares of Dollar Tree in a research report on Thursday, June 5th. Evercore ISI upped their price objective on shares of Dollar Tree from $108.00 to $110.00 and gave the company an "in-line" rating in a report on Tuesday, August 26th. Barclays raised shares of Dollar Tree from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $95.00 to $138.00 in a report on Monday, July 21st. Cfra Research raised shares of Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Finally, Morgan Stanley upped their price objective on shares of Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $105.35.

Insider Activity

In related news, CMO Richard L. Mcneely sold 21,026 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $94.62, for a total value of $1,989,480.12. Following the completion of the transaction, the chief marketing officer directly owned 50,419 shares in the company, valued at $4,770,645.78. The trade was a 29.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.60% of the stock is currently owned by corporate 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.