Praxis Investment Management Inc. Takes $432,000 Position in Dollar Tree, Inc. $DLTR

Key Points

• Praxis Investment Management Inc. invested approximately $432,000 in Dollar Tree, acquiring 4,360 shares, indicating growing institutional interest in the company.
• Dollar Tree reported a strong quarterly earnings result with $0.77 EPS, significantly exceeding the consensus estimate of $0.38, alongside a year-over-year revenue increase of 12.3%.
• The company's board initiated a $2.50 billion stock buyback program, reflecting confidence in the stock's valuation and the intent to repurchase up to 11.5% of its shares.

Praxis Investment Management Inc. purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,360 shares of the company's stock, valued at approximately $432,000.

Several other hedge funds have also made changes to their positions in the company. Alta Capital Management LLC grew its stake in shares of Dollar Tree by 8.0% in the 2nd quarter. Alta Capital Management LLC now owns 4,330 shares of the company's stock valued at $429,000 after buying an additional 320 shares during the period. Callahan Advisors LLC grew its stake in shares of Dollar Tree by 103.9% in the 2nd quarter. Callahan Advisors LLC now owns 5,545 shares of the company's stock valued at $549,000 after buying an additional 2,825 shares during the period. Mutual Advisors LLC acquired a new position in shares of Dollar Tree in the 2nd quarter worth approximately $238,000. Generali Asset Management SPA SGR lifted its holdings in shares of Dollar Tree by 17,643.2% in the 2nd quarter. Generali Asset Management SPA SGR now owns 22,179 shares of the company's stock worth $2,197,000 after acquiring an additional 22,054 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new position in shares of Dollar Tree in the 2nd quarter worth approximately $363,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Trading Up 2.6%

DLTR opened at $96.44 on Friday. The business has a fifty day moving average price of $100.77 and a 200 day moving average price of $96.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of -7.11, a PEG ratio of 1.76 and a beta of 0.85.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the prior year, the business earned $0.67 EPS. Dollar Tree's revenue was up 12.3% on a year-over-year basis. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. 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 initiated a stock buyback program on Wednesday, July 9th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the company to repurchase up to 11.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DLTR. Piper Sandler decreased their price objective on shares of Dollar Tree from $112.00 to $108.00 and set a "neutral" rating on the stock in a report on Thursday, September 4th. Gordon Haskett lowered shares of Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price objective on the stock. in a report on Wednesday, September 3rd. Guggenheim decreased their price objective on shares of Dollar Tree from $130.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, September 8th. Citigroup decreased their price objective on shares of Dollar Tree from $130.00 to $124.00 and set a "buy" rating on the stock in a report on Thursday, September 4th. Finally, Morgan Stanley upped their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $109.00.

Insiders Place Their Bets

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $100.32, for a total transaction of $118,879.20. Following the sale, the director owned 4,089 shares in the company, valued at $410,208.48. This represents a 22.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.60% of the stock is currently owned by company insiders.

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.

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