Dollar Tree, Inc. $DLTR Shares Acquired by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd has increased its stake in Dollar Tree, Inc. by 7.5%, acquiring an additional 2,666 shares, bringing its total holdings to 38,021 shares valued at approximately $3.77 million.
• Despite recent successes, Dollar Tree stock is currently trading down 3.1%, with a market capitalization of $19.43 billion and a PE ratio of -7.02.
• Dollar Tree reported a quarterly earnings surprise with $0.77 EPS, significantly beating estimates, and announced a share buyback program worth $2.50 billion indicating the board's confidence in the stock's valuation.

IFM Investors Pty Ltd lifted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,021 shares of the company's stock after buying an additional 2,666 shares during the period. IFM Investors Pty Ltd's holdings in Dollar Tree were worth $3,766,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the transaction, the director owned 4,089 shares in the company, valued at approximately $410,208.48. This represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.60% of the company's stock.

Wall Street Analyst Weigh In

DLTR has been the topic of several recent analyst reports. Bank of America lifted their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock an "underperform" rating in a research report on Thursday, September 4th. UBS Group reissued a "buy" rating and issued a $140.00 price target on shares of Dollar Tree in a research report on Tuesday, August 26th. JPMorgan Chase & Co. boosted 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, September 4th. Wolfe Research assumed coverage on shares of Dollar Tree in a research report on Thursday. They set a "peer perform" rating for the company. Finally, Guggenheim reduced their price target on shares of Dollar Tree from $130.00 to $125.00 and set a "buy" rating on the stock in a research report on Monday, September 8th. Eight research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $109.28.

Dollar Tree Stock Performance

Shares of DLTR traded down $0.78 during mid-day trading on Monday, reaching $94.48. 3,350,378 shares of the company's stock were exchanged, compared to its average volume of 5,258,426. The business's fifty day simple moving average is $109.16 and its 200-day simple moving average is $93.06. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $118.06. The stock has a market capitalization of $19.27 billion, a PE ratio of -6.96, a price-to-earnings-growth ratio of 1.73 and a beta of 0.89. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27.

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

Dollar Tree declared that its Board of Directors has initiated a share repurchase program on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to buy up to 11.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

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.