Mondrian Investment Partners LTD Trims Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Key Points

• Mondrian Investment Partners LTD reduced its holdings in Dollar Tree by 1.3% in the first quarter, now owning approximately 1,037,790 shares valued at about $77.9 million.
• Dollar Tree's recent quarterly earnings report showed an earnings per share of $1.26, exceeding analysts' expectations, with revenue up 11.3% year-over-year.
• The company approved a $2.5 billion stock buyback plan, allowing for the repurchase of up to 11.5% of its shares, signaling confidence from management regarding the stock's valuation.

Mondrian Investment Partners LTD lessened its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,037,790 shares of the company's stock after selling 13,966 shares during the period. Mondrian Investment Partners LTD owned about 0.48% of Dollar Tree worth $77,907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in shares of Dollar Tree by 210.7% during the first quarter. Russell Investments Group Ltd. now owns 257,824 shares of the company's stock valued at $19,352,000 after acquiring an additional 174,840 shares in the last quarter. Prudential PLC raised its stake in shares of Dollar Tree by 31.9% during the first quarter. Prudential PLC now owns 37,060 shares of the company's stock valued at $2,782,000 after acquiring an additional 8,962 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Dollar Tree by 9.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 62,905 shares of the company's stock valued at $4,700,000 after acquiring an additional 5,516 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Dollar Tree by 50.7% during the first quarter. HighTower Advisors LLC now owns 13,256 shares of the company's stock valued at $995,000 after acquiring an additional 4,458 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Dollar Tree during the first quarter valued at approximately $34,917,000. Institutional investors own 97.40% of the company's stock.

Insider Activity at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $94.62, for a total value of $1,989,480.12. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.60% of the stock is owned by insiders.

Dollar Tree Stock Down 0.7%

NASDAQ DLTR traded down $0.77 during trading on Thursday, hitting $114.63. The company's stock had a trading volume of 3,658,557 shares, compared to its average volume of 3,137,621. 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 cap of $23.92 billion, a PE ratio of -8.27, a P/E/G ratio of 2.47 and a beta of 0.88. The business's 50 day simple moving average is $106.32 and its 200-day simple moving average is $87.02. 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 EPS 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 analyst estimates of $4.52 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. Dollar Tree's revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $1.43 EPS. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its board has initiated a share repurchase program on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to purchase up to 11.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Sanford C. Bernstein set a $82.00 price target on shares of Dollar Tree and gave the company a "market perform" rating in a research note on Monday, May 5th. Cfra Research raised shares of Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. The Goldman Sachs Group downgraded shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. UBS Group raised their target price on shares of Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Evercore ISI raised their target price on shares of Dollar Tree from $104.00 to $108.00 and gave the company an "in-line" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Dollar Tree currently has an average rating of "Hold" and an average price target of $99.89.

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.