Ieq Capital LLC Has $1.66 Million Stake in Dollar Tree, Inc. $DLTR

Key Points

• Ieq Capital LLC reduced its holdings in Dollar Tree by 9.6%, selling 2,356 shares for a total of approximately $1.66 million, now holding 22,116 shares.
• Dollar Tree announced a $2.5 billion share repurchase plan, allowing the company to repurchase up to 11.5% of its stock through open market purchases, indicating management's belief that the stock is undervalued.
• Wall Street analysts generally hold a consensus "Hold" rating for Dollar Tree with an average target price of $104.53, with some analysts issuing buy ratings and higher target prices, reflecting expected growth.

Ieq Capital LLC decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,116 shares of the company's stock after selling 2,356 shares during the quarter. Ieq Capital LLC's holdings in Dollar Tree were worth $1,660,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group raised its stake in Dollar Tree by 79.0% during the first quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after acquiring an additional 158 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Dollar Tree during the first quarter worth about $30,000. CX Institutional acquired a new position in Dollar Tree during the first quarter worth about $43,000. Sentry Investment Management LLC acquired a new position in Dollar Tree during the first quarter worth about $48,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Dollar Tree by 121.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock worth $73,000 after acquiring an additional 534 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on DLTR shares. Jefferies Financial Group started coverage on Dollar Tree in a research note on Thursday, July 17th. They set a "hold" rating and a $106.00 target price for the company. Barclays raised 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 research note on Monday, July 21st. Evercore ISI upped their price objective on Dollar Tree from $108.00 to $110.00 and gave the company an "in-line" rating in a research note on Tuesday, August 26th. Gordon Haskett downgraded Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price objective for the company. in a research note on Wednesday. Finally, Morgan Stanley upped their price objective on Dollar Tree from $96.00 to $105.00 and gave the company an "equal weight" rating in a research note on Friday. 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 company's stock. According to MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and a consensus target price of $106.95.

Dollar Tree Trading Up 0.9%

NASDAQ:DLTR traded up $0.87 on Friday, reaching $101.12. 5,823,150 shares of the stock traded hands, compared to its average volume of 3,913,377. The firm has a market capitalization of $20.63 billion, a price-to-earnings ratio of -7.45, a price-to-earnings-growth ratio of 2.13 and a beta of 0.89. The company's 50 day moving average is $110.41 and its 200-day moving average is $91.18. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.67. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating 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 negative net margin of 13.46% and a positive return on equity of 23.52%. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its Board of Directors has approved a stock repurchase program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the company to buy up to 11.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

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.