Dollar Tree, Inc. $DLTR Stake Increased by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Dollar Tree, Inc. by 3,581.3%, owning 85,554 shares valued at approximately $6.42 million as of the end of the last quarter.
• Dollar Tree's recent quarterly earnings showed an emergence above analyst expectations, reporting $0.77 EPS on revenue of $4.57 billion, marking a 12.3% year-over-year increase.
• The company also announced a $2.50 billion share buyback program, indicating management's belief that its stocks are undervalued.

Jones Financial Companies Lllp boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 3,581.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,554 shares of the company's stock after purchasing an additional 83,230 shares during the period. Jones Financial Companies Lllp's holdings in Dollar Tree were worth $6,423,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. UniSuper Management Pty Ltd raised its stake in Dollar Tree by 8.9% during the first quarter. UniSuper Management Pty Ltd now owns 32,922 shares of the company's stock worth $2,471,000 after purchasing an additional 2,694 shares during the period. Scientech Research LLC purchased a new stake in shares of Dollar Tree in the 1st quarter valued at approximately $1,175,000. Shellback Capital LP purchased a new stake in shares of Dollar Tree in the 1st quarter valued at approximately $3,754,000. Parsifal Capital Management LP purchased a new stake in shares of Dollar Tree in the 1st quarter valued at approximately $42,632,000. Finally, Nissay Asset Management Corp Japan ADV increased its stake in Dollar Tree by 1.1% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 26,249 shares of the company's stock worth $1,971,000 after buying an additional 273 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Down 2.0%

Shares of DLTR traded down $1.94 during mid-day trading on Friday, reaching $97.45. 3,666,212 shares of the stock traded hands, compared to its average volume of 4,701,667. The firm has a market cap of $19.88 billion, a price-to-earnings ratio of -7.18, a P/E/G ratio of 1.81 and a beta of 0.89. The stock has a fifty day simple moving average of $110.10 and a 200 day simple moving average of $91.85. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. 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 (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. The company 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%. The business's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. BNP Paribas downgraded shares of Dollar Tree from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 4th. Guggenheim decreased their price target on shares of Dollar Tree from $130.00 to $125.00 and set a "buy" rating for the company in a research note on Monday. Jefferies Financial Group initiated coverage on shares of Dollar Tree in a research note on Thursday, July 17th. They set a "hold" rating and a $106.00 price target for the company. Morgan Stanley upped their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Finally, The Goldman Sachs Group downgraded shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Eight analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $109.28.

Insider Activity

In related news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction on Friday, September 5th. The shares were sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the sale, the director owned 4,089 shares in the company, valued at approximately $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.60% of the company's stock.

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.