Lbp Am Sa Acquires Shares of 78,172 Dollar Tree, Inc. $DLTR

Key Points

• Lbp Am Sa acquired 78,172 shares of Dollar Tree, Inc., valued at approximately $7.74 million, indicating increasing institutional interest in the company.
• Dollar Tree reported a quarterly earnings per share (EPS) of $0.77, exceeding analyst expectations, with a revenue of $4.57 billion, marking a year-over-year increase of 12.3%.
• The company initiated a $2.50 billion stock buyback program, signaling that its board believes the company’s shares are currently undervalued.

Lbp Am Sa acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 78,172 shares of the company's stock, valued at approximately $7,742,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. HB Wealth Management LLC bought a new position in shares of Dollar Tree during the 2nd quarter valued at about $329,000. ORG Wealth Partners LLC raised its position in shares of Dollar Tree by 208.0% during the 2nd quarter. ORG Wealth Partners LLC now owns 998 shares of the company's stock valued at $101,000 after buying an additional 674 shares in the last quarter. Signaturefd LLC raised its position in shares of Dollar Tree by 25.5% during the 2nd quarter. Signaturefd LLC now owns 4,114 shares of the company's stock valued at $407,000 after buying an additional 835 shares in the last quarter. Kirr Marbach & Co. LLC IN raised its position in shares of Dollar Tree by 0.7% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 105,939 shares of the company's stock valued at $10,492,000 after buying an additional 699 shares in the last quarter. Finally, Patton Fund Management Inc. purchased a new stake in shares of Dollar Tree during the 2nd quarter valued at about $271,000. Institutional investors own 97.40% of the company's stock.

Dollar Tree Trading Down 4.3%

NASDAQ DLTR opened at $90.32 on Thursday. The company has a fifty day simple moving average of $106.58 and a two-hundred day simple moving average of $94.25. The stock has a market cap of $18.42 billion, a P/E ratio of -6.66, a P/E/G ratio of 1.72 and a beta of 0.86. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping 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 quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, analysts forecast 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 program on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to reacquire up to 11.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, Director Stephanie Stahl sold 1,185 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the completion of the transaction, the director owned 4,089 shares of the company's stock, valued at $410,208.48. This trade represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Dollar Tree in a research report on Thursday, July 17th. They set a "hold" rating and a $106.00 target price on the stock. Citigroup decreased their target price on shares of Dollar Tree from $130.00 to $124.00 and set a "buy" rating on the stock in a research report on Thursday, September 4th. Barclays upgraded shares of Dollar Tree from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $95.00 to $138.00 in a research report on Monday, July 21st. Morgan Stanley upped their target price on shares of Dollar Tree from $96.00 to $105.00 and gave the company an "equal weight" rating in a research report on Friday, September 5th. Finally, Wolfe Research assumed coverage on shares of Dollar Tree in a research report on Thursday, September 18th. They set a "peer perform" rating on the stock. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $111.29.

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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