Nuveen LLC Buys Shares of 465,124 Dollar Tree, Inc. $DLTR

Key Points

• Nuveen LLC has invested approximately $34.92 million in Dollar Tree, acquiring 465,124 shares, which represents about 0.22% of the company's stock.
• The company reported earnings per share of $1.26 for the recent quarter, exceeding the consensus estimate of $1.21, with revenues up 11.3% year-over-year.
• Dollar Tree's board has authorized a $2.50 billion stock repurchase program, indicating confidence in the stock's underlying value.

Nuveen LLC bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 465,124 shares of the company's stock, valued at approximately $34,917,000. Nuveen LLC owned 0.22% of Dollar Tree at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Forum Financial Management LP acquired a new position in shares of Dollar Tree in the fourth quarter worth about $340,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Dollar Tree by 50.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company's stock worth $1,030,000 after purchasing an additional 4,619 shares during the period. McGinn Penninger Investment Management Inc. boosted its holdings in shares of Dollar Tree by 13.2% during the first quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company's stock worth $5,149,000 after purchasing an additional 8,015 shares during the period. Bastion Asset Management Inc. acquired a new stake in shares of Dollar Tree during the first quarter worth approximately $3,585,000. Finally, Empower Advisory Group LLC boosted its holdings in shares of Dollar Tree by 8.0% during the first quarter. Empower Advisory Group LLC now owns 821,288 shares of the company's stock worth $61,654,000 after purchasing an additional 60,865 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Trading Up 0.8%

Shares of Dollar Tree stock traded up $0.9180 during trading on Wednesday, hitting $113.3980. 1,176,620 shares of the company were exchanged, compared to its average volume of 4,109,666. The firm has a market capitalization of $23.67 billion, a P/E ratio of -8.18, a price-to-earnings-growth ratio of 2.40 and a beta of 0.88. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $118.06. The firm's fifty day moving average price is $107.45 and its 200 day moving average price is $87.91. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72.

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

Dollar Tree announced that its board has authorized a stock repurchase plan on Wednesday, July 9th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 11.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Guggenheim restated a "buy" rating and set a $100.00 price target on shares of Dollar Tree in a report on Thursday, June 5th. Evercore ISI lifted their price target 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, August 12th. Piper Sandler lifted their price target on shares of Dollar Tree from $93.00 to $112.00 and gave the stock a "neutral" rating in a research note on Tuesday. Wells Fargo & Company lifted their price target on shares of Dollar Tree from $105.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dollar Tree from $111.00 to $138.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $100.89.

Insider Activity

In other news, CMO Richard L. Mcneely sold 21,026 shares of the 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 sale, the chief marketing officer directly owned 50,419 shares of the company's stock, valued at approximately $4,770,645.78. This represents a 29.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.60% of the company's stock.

Dollar Tree Company Profile

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.