68,705 Shares in Dollar Tree, Inc. $DLTR Acquired by Quantbot Technologies LP

Key Points

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Quantbot Technologies LP purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 68,705 shares of the company's stock, valued at approximately $5,158,000.

A number of other large investors have also recently modified their holdings of the company. Brooklyn Investment Group raised its position in Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after purchasing an additional 158 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Dollar Tree in the first quarter valued at about $30,000. CX Institutional purchased a new stake in Dollar Tree in the first quarter worth about $43,000. Sentry Investment Management LLC purchased a new stake in Dollar Tree in the first quarter worth about $48,000. Finally, GeoWealth Management LLC bought a new position in Dollar Tree during the 4th quarter worth about $61,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction 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 owned 50,419 shares of the company's stock, valued at approximately $4,770,645.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.60% of the company's stock.

Dollar Tree Stock Up 0.6%

Dollar Tree stock traded up $0.73 during midday trading on Friday, reaching $113.32. The company's stock had a trading volume of 2,223,637 shares, compared to its average volume of 2,995,577. 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 stock has a market capitalization of $23.65 billion, a P/E ratio of -8.18, a PEG ratio of 2.40 and a beta of 0.88. The stock's 50-day simple moving average is $108.53 and its 200-day simple moving average is $88.64. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted 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. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. 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 company posted $1.43 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree announced that its Board of Directors has approved a share buyback program on Wednesday, July 9th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the company to reacquire up to 11.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DLTR shares. Morgan Stanley upped their price target on shares of Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. BMO Capital Markets boosted their price objective on shares of Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research note on Thursday, June 5th. Barclays raised Dollar Tree from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $95.00 to $138.00 in a research report on Monday, July 21st. Piper Sandler lifted their price target on Dollar Tree from $93.00 to $112.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Cfra Research upgraded shares of Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $100.89.

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.