Dollar Tree, Inc. (NASDAQ:DLTR) Stock Holdings Lessened by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC has reduced its stake in Dollar Tree, Inc. by 15.5%, now holding 16,185 shares valued at approximately $1.22 million.
• Dollar Tree announced a $2.5 billion stock buyback program, permitting the company to reacquire up to 11.5% of its shares, indicating management's belief that the stock is undervalued.
• The company reported earnings per share (EPS) of $1.26 for the last quarter, exceeding analysts' expectations, and revenues rose 11.3% year-over-year to $4.64 billion.

Mizuho Securities USA LLC decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 15.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,185 shares of the company's stock after selling 2,969 shares during the quarter. Mizuho Securities USA LLC's holdings in Dollar Tree were worth $1,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. boosted its stake in Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after buying an additional 346 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Dollar Tree during the first quarter worth approximately $30,000. CX Institutional purchased a new stake in shares of Dollar Tree during the 1st quarter valued at $43,000. Sentry Investment Management LLC acquired a new stake in shares of Dollar Tree during the 1st quarter worth $48,000. Finally, GeoWealth Management LLC purchased a new stake in Dollar Tree during the fourth quarter valued at about $61,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DLTR shares. Piper Sandler increased their target price on shares of Dollar Tree from $72.00 to $93.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. The Goldman Sachs Group lowered shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. BMO Capital Markets lifted their target price on shares of Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a report on Thursday, June 5th. Truist Financial reaffirmed a "buy" rating and set a $127.00 price target (up from $109.00) on shares of Dollar Tree in a research report on Wednesday. Finally, Guggenheim reissued a "buy" rating and issued a $100.00 price objective on shares of Dollar Tree in a research report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Dollar Tree has a consensus rating of "Hold" and a consensus target price of $99.89.

Dollar Tree Stock Performance

DLTR stock traded down $0.77 on Thursday, reaching $114.63. The company's stock had a trading volume of 3,658,557 shares, compared to its average volume of 3,137,621. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72. The company has a market capitalization of $23.92 billion, a P/E ratio of -8.27, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88. The firm has a fifty day moving average of $105.96 and a two-hundred day moving average of $86.75.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.05. The company 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 revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 earnings per share. As a group, analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its Board of Directors has approved a stock repurchase 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the sale, the chief marketing officer directly owned 50,419 shares in the company, valued at approximately $4,770,645.78. The trade was a 29.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is 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.