Lansforsakringar Fondforvaltning AB publ Sells 10,136 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Dollar Tree, Inc. by 14.0%, holding 62,138 shares valued at approximately $4.67 million as of its latest SEC filing.
• Dollar Tree's stock has recently dipped 3.0%, with prices opening at $109.17, and the company reported earnings of $1.26 per share, exceeding analysts' expectations.
• The company authorized a $2.50 billion share buyback program aimed at repurchasing up to 11.5% of its stock, signaling confidence in its valuation.

Lansforsakringar Fondforvaltning AB publ cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 14.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,138 shares of the company's stock after selling 10,136 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Dollar Tree were worth $4,665,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the sale, the chief marketing officer directly owned 50,419 shares of the company's stock, valued at $4,770,645.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on DLTR shares. Guggenheim restated a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a research note on Thursday, June 5th. Gordon Haskett downgraded Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price target for the company. in a research note on Wednesday. Piper Sandler cut their price objective on Dollar Tree from $112.00 to $108.00 and set a "neutral" rating for the company in a research report on Thursday. Citigroup cut their price objective on Dollar Tree from $130.00 to $124.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Jefferies Financial Group initiated coverage on Dollar Tree in a research report on Thursday, July 17th. They set a "hold" rating and a $106.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $105.35.

Dollar Tree Stock Performance

Dollar Tree stock traded down $2.95 during trading hours on Thursday, hitting $99.08. The stock had a trading volume of 5,192,452 shares, compared to its average volume of 4,156,365. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The company has a market cap of $20.68 billion, a PE ratio of -7.15, a price-to-earnings-growth ratio of 2.32 and a beta of 0.89. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The company has a 50-day moving average of $110.35 and a two-hundred day moving average of $90.69.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%.Dollar Tree's revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its board has authorized a share buyback plan on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to repurchase up to 11.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors 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.