MetLife Investment Management LLC Has $7.10 Million Position in Dollar Tree, Inc. $DLTR

Key Points

• MetLife Investment Management LLC increased its stake in Dollar Tree, acquiring an additional 41,084 shares, resulting in a total of 94,571 shares valued at approximately $7.1 million.
• Dollar Tree declared a share repurchase program enabling the company to buy back $2.5 billion in shares, indicating management’s belief that the stock is undervalued.
• Dollar Tree recently reported earnings that exceeded analyst expectations, with $1.26 EPS and revenues of $4.64 billion for the quarter, reflecting an 11.3% year-over-year revenue growth.

MetLife Investment Management LLC boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 76.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,571 shares of the company's stock after acquiring an additional 41,084 shares during the quarter. MetLife Investment Management LLC's holdings in Dollar Tree were worth $7,099,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MGO One Seven LLC bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $299,000. Coldstream Capital Management Inc. bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $284,000. Northern Trust Corp raised its position in shares of Dollar Tree by 2.1% during the fourth quarter. Northern Trust Corp now owns 1,992,742 shares of the company's stock worth $149,336,000 after acquiring an additional 41,763 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of Dollar Tree by 67.3% in the 4th quarter. Lido Advisors LLC now owns 7,099 shares of the company's stock valued at $532,000 after purchasing an additional 2,856 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $4,842,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

Shares of NASDAQ DLTR traded up $2.74 during midday trading on Tuesday, reaching $111.91. The company's stock had a trading volume of 1,228,943 shares, compared to its average volume of 4,054,928. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. The company has a market cap of $23.36 billion, a P/E ratio of -8.07, a P/E/G ratio of 2.32 and a beta of 0.89. The business's 50 day moving average price is $110.04 and its two-hundred day moving average price is $90.47. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.05. The firm had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%.The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. On average, analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its board has initiated a share buyback plan on Wednesday, July 9th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 11.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group reiterated a "buy" rating and issued a $140.00 price target on shares of Dollar Tree in a research report on Tuesday, August 26th. Guggenheim reissued a "buy" rating and set a $100.00 price target on shares of Dollar Tree in a research report on Thursday, June 5th. Piper Sandler boosted their price target on shares of Dollar Tree from $93.00 to $112.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Truist Financial raised their price objective on Dollar Tree from $109.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the company a "market perform" rating in a research note on Monday, May 5th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $104.53.

Insider Buying and Selling

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 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 in the company, valued at $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 is available at the SEC website. 6.60% of the stock is currently owned by corporate insiders.

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.