930,997 Shares in Dollar Tree, Inc. $DLTR Purchased by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. has invested approximately $69.89 million in Dollar Tree, acquiring 930,997 shares, making it the fund's 28th largest position.
• Dollar Tree reported earnings of $1.26 per share for the last quarter, exceeding analysts' expectations and demonstrating an 11.3% year-over-year revenue growth.
• The company has initiated a $2.5 billion stock buyback program, which allows it to repurchase up to 11.5% of its outstanding shares, indicating confidence in its stock value.

Maverick Capital Ltd. bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 930,997 shares of the company's stock, valued at approximately $69,890,000. Dollar Tree accounts for approximately 1.2% of Maverick Capital Ltd.'s holdings, making the stock its 28th largest position. Maverick Capital Ltd. owned 0.43% of Dollar Tree as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Focus Partners Advisor Solutions LLC acquired a new stake in Dollar Tree in the first quarter worth $227,000. Graham Capital Management L.P. increased its position in Dollar Tree by 633.2% in the first quarter. Graham Capital Management L.P. now owns 37,855 shares of the company's stock worth $2,842,000 after buying an additional 32,692 shares during the period. Benchstone Capital Management LP increased its position in Dollar Tree by 54.5% in the first quarter. Benchstone Capital Management LP now owns 156,465 shares of the company's stock worth $11,746,000 after buying an additional 55,181 shares during the period. Quarry LP increased its position in Dollar Tree by 4,993.1% in the first quarter. Quarry LP now owns 7,334 shares of the company's stock worth $551,000 after buying an additional 7,190 shares during the period. Finally, Night Squared LP acquired a new stake in Dollar Tree in the first quarter worth $2,815,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DLTR. UBS Group reissued a "buy" rating and set a $140.00 price target on shares of Dollar Tree in a report on Tuesday, August 26th. The Goldman Sachs Group lowered Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Guggenheim reissued a "buy" rating and set a $100.00 price target on shares of Dollar Tree in a report on Thursday, June 5th. Telsey Advisory Group reissued an "outperform" rating and set a $130.00 price target on shares of Dollar Tree in a report on Thursday. Finally, Evercore ISI raised their price target on Dollar Tree from $108.00 to $110.00 and gave the company an "in-line" rating in a report on Tuesday, August 26th. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $106.95.

Dollar Tree Price Performance

NASDAQ:DLTR traded up $0.87 during mid-day trading on Friday, reaching $101.12. 5,823,150 shares of the stock were exchanged, compared to its average volume of 3,913,377. The business has a fifty day moving average price of $110.41 and a 200 day moving average price of $91.07. The firm has a market capitalization of $20.63 billion, a PE ratio of -7.45, a PEG ratio of 2.11 and a beta of 0.89. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $118.06. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.67.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the company posted $0.67 EPS. Dollar Tree's revenue for the quarter was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree declared that its Board of Directors has approved a stock buyback program on Wednesday, July 9th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 11.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership 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.