Robeco Institutional Asset Management B.V. Increases Stock Position in Dollar Tree, Inc. $DLTR

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Dollar Tree by 60.5%, acquiring an additional 25,696 shares during the second quarter, bringing its total ownership to 68,195 shares worth approximately $6.75 million.
• A stock buyback plan was initiated by Dollar Tree, allowing for the repurchase of up to $2.50 billion in shares, which represents about 11.5% of its outstanding stock.
• Dollar Tree reported a quarterly earnings per share of $0.77, surpassing analysts’ expectations, with revenue of $4.57 billion reflecting a 12.3% year-over-year increase.

Robeco Institutional Asset Management B.V. boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 60.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,195 shares of the company's stock after buying an additional 25,696 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Dollar Tree were worth $6,754,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. TD Private Client Wealth LLC increased its stake in shares of Dollar Tree by 164.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 264 shares of the company's stock valued at $26,000 after purchasing an additional 164 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Dollar Tree by 79.0% in the first quarter. Brooklyn Investment Group now owns 358 shares of the company's stock valued at $27,000 after buying an additional 158 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Dollar Tree during the 1st quarter worth approximately $30,000. CX Institutional purchased a new position in shares of Dollar Tree during the 1st quarter valued at approximately $43,000. Finally, eCIO Inc. acquired a new stake in Dollar Tree in the 1st quarter valued at $73,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Insiders Place Their Bets

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

Dollar Tree Stock Performance

NASDAQ DLTR opened at $89.98 on Monday. The stock has a fifty day simple moving average of $105.61 and a 200-day simple moving average of $95.01. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67. The stock has a market cap of $18.35 billion, a PE ratio of -6.63, a P/E/G ratio of 1.64 and a beta of 0.85. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The company had revenue of $4.57 billion for the quarter, compared to analysts' expectations of $4.46 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. Dollar Tree's revenue for the quarter was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree announced that its board has initiated a stock buyback plan on Wednesday, July 9th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 11.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DLTR shares. Guggenheim reduced their price objective on shares of Dollar Tree from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Monday, September 8th. Morgan Stanley upped their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Dollar Tree in a research note on Wednesday, September 3rd. BNP Paribas lowered Dollar Tree from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $130.00 target price on shares of Dollar Tree in a research report on Thursday, September 4th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $111.29.

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.

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