Harbour Capital Advisors LLC Purchases 5,530 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Harbour Capital Advisors LLC increased its stake in Dollar Tree by 84.2% during the 2nd quarter, holding 12,100 shares valued at approximately $1.25 million.
• Dollar Tree's recent quarterly earnings showed an EPS of $0.77, surpassing estimates, with a revenue of $4.57 billion, up 12.3% from the previous year.
• The company has launched a $2.5 billion share buyback plan, allowing it to repurchase up to 11.5% of its outstanding shares, indicative of the board's belief that the stock is undervalued.

Harbour Capital Advisors LLC lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 84.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,100 shares of the company's stock after purchasing an additional 5,530 shares during the period. Harbour Capital Advisors LLC's holdings in Dollar Tree were worth $1,246,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Brooklyn Investment Group lifted its stake in shares of Dollar Tree by 79.0% in 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 during the last quarter. Zions Bancorporation National Association UT purchased a new position in Dollar Tree in the 1st quarter worth approximately $30,000. CX Institutional bought a new stake in Dollar Tree in the first quarter valued at approximately $43,000. Sentry Investment Management LLC purchased a new stake in shares of Dollar Tree during the first quarter valued at approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Dollar Tree by 121.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock worth $73,000 after purchasing an additional 534 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Down 3.1%

Shares of DLTR stock traded down $3.00 during mid-day trading on Friday, reaching $95.26. 7,096,313 shares of the company's stock traded hands, compared to its average volume of 5,258,426. The company's 50-day moving average price is $109.16 and its 200-day moving average price is $93.06. The company has a market cap of $19.43 billion, a P/E ratio of -7.02, a P/E/G ratio of 1.73 and a beta of 0.89. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06.

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

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

Analyst Ratings Changes

Several brokerages have weighed in on DLTR. Gordon Haskett cut shares of Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price target for the company. in a research report on Wednesday, September 3rd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Dollar Tree in a research note on Wednesday, September 3rd. 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 target price on the stock. BMO Capital Markets boosted their price target on Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a report on Thursday, June 5th. Finally, Guggenheim dropped their price objective on Dollar Tree from $130.00 to $125.00 and set a "buy" rating for the company in a report on Monday, September 8th. Eight research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $109.28.

Insider Buying and Selling at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the transaction, the director owned 4,089 shares of the company's stock, valued at $410,208.48. This trade represents a 22.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.60% of the stock is owned by 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.