Korea Investment CORP Buys 64,300 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Korea Investment CORP increased its stake in Dollar Tree, Inc. by 44.5%, acquiring an additional 64,300 shares during the first quarter, bringing its total holdings to 208,872 shares valued at approximately $15.68 million.
• The company reported $1.26 EPS for the last quarter, surpassing analysts' expectations, with revenues increasing by 11.3% year-over-year to $4.64 billion.
• Dollar Tree has authorized a stock buyback plan allowing for the repurchase of up to $2.5 billion in shares, which indicates management believes the stock is undervalued.

Korea Investment CORP grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 44.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 208,872 shares of the company's stock after acquiring an additional 64,300 shares during the quarter. Korea Investment CORP owned about 0.10% of Dollar Tree worth $15,680,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DLTR. Mariner LLC raised its holdings in Dollar Tree by 22.8% in the fourth quarter. Mariner LLC now owns 10,574 shares of the company's stock worth $792,000 after purchasing an additional 1,960 shares in the last quarter. GeoWealth Management LLC purchased a new position in shares of Dollar Tree in the 4th quarter worth approximately $61,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Dollar Tree by 131.1% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,723 shares of the company's stock worth $729,000 after acquiring an additional 5,515 shares in the last quarter. MetLife Investment Management LLC lifted its position in Dollar Tree by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 53,487 shares of the company's stock valued at $4,008,000 after acquiring an additional 950 shares during the last quarter. Finally, MGO One Seven LLC purchased a new stake in Dollar Tree during the fourth quarter valued at approximately $299,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the company'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 sale, the chief marketing officer directly owned 50,419 shares of the company's stock, valued at approximately $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is owned by corporate insiders.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $113.35 on Thursday. The business's 50 day moving average price is $107.83 and its 200 day moving average price is $88.08. The firm has a market cap of $23.66 billion, a P/E ratio of -8.18, a P/E/G ratio of 2.40 and a beta of 0.88. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.52 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. Dollar Tree's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.43 EPS. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. On average, sell-side 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 stock buyback plan 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 shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

DLTR has been the topic of several analyst reports. The Goldman Sachs Group lowered shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. JPMorgan Chase & Co. raised their price objective on Dollar Tree from $111.00 to $138.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Barclays upgraded Dollar Tree from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $95.00 to $138.00 in a research note on Monday, July 21st. Truist Financial increased their price target on Dollar Tree from $109.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, Piper Sandler boosted their price target on Dollar Tree from $93.00 to $112.00 and gave the stock a "neutral" rating in a research note on Tuesday. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Dollar Tree presently has an average rating of "Hold" and a consensus target price of $100.89.

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.

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