Quarry LP Grows Stake in Dollar Tree, Inc. $DLTR

Key Points

• Quarry LP increased its holdings in Dollar Tree, Inc. by 4,993.1%, acquiring an additional 7,190 shares, bringing its total to 7,334 shares valued at $551,000.
• Dollar Tree reported $1.26 earnings per share for the most recent quarter, exceeding analysts' estimates, and its revenue rose 11.3% year-over-year.
• The company's board authorized a $2.5 billion share buyback program, signaling confidence in the stock's value; analysts have mixed ratings with a consensus price target of $104.53.

Quarry LP grew its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 4,993.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,334 shares of the company's stock after buying an additional 7,190 shares during the quarter. Quarry LP's holdings in Dollar Tree were worth $551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in shares of 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 during the last quarter. Zions Bancorporation National Association UT bought a new position in Dollar Tree during the 1st quarter worth $30,000. CX Institutional bought a new position in shares of Dollar Tree during the first quarter worth about $43,000. Sentry Investment Management LLC bought a new position in Dollar Tree during the 1st quarter worth approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Dollar Tree by 121.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock worth $73,000 after buying an additional 534 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DLTR shares. Evercore ISI lifted their target price on Dollar Tree from $108.00 to $110.00 and gave the stock an "in-line" rating in a report on Tuesday, August 26th. Guggenheim reiterated a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a report on Thursday, June 5th. Jefferies Financial Group started coverage on shares of Dollar Tree in a research note on Thursday, July 17th. They issued a "hold" rating and a $106.00 price objective on the stock. BMO Capital Markets increased their price objective on Dollar Tree from $80.00 to $85.00 and gave the stock a "market perform" rating in a research note on Thursday, June 5th. Finally, Morgan Stanley raised their price target on shares of Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a research report on Thursday, June 5th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of "Hold" and an average price target of $104.15.

Dollar Tree Price Performance

DLTR stock traded down $9.32 during midday trading on Wednesday, reaching $102.03. The company had a trading volume of 15,754,959 shares, compared to its average volume of 2,824,145. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $118.06. The firm has a 50-day moving average price of $110.30 and a 200-day moving average price of $90.61. The company has a market capitalization of $21.29 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.32 and a beta of 0.89. 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 posted 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. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.46 billion. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree declared that its board has initiated a share repurchase program on Wednesday, July 9th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to reacquire 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.

Insiders Place Their Bets

In other news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction dated 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 sale, the chief marketing officer directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.60% of the stock is currently owned by company insiders.

Dollar Tree 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.