Dollar Tree, Inc. $DLTR Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Dollar Tree by 210.7%, acquiring an additional 174,840 shares to hold 257,824 shares total, valued at approximately $19.35 million.
• Dollar Tree's board initiated a $2.50 billion stock buyback plan, allowing the company to repurchase up to 11.5% of its stock, which indicates confidence in the company’s stock valuation.
• Dollar Tree reported $1.26 EPS for the last quarter, exceeding analysts' expectations of $1.21, with revenues reaching $4.64 billion, representing an 11.3% year-over-year increase.

Russell Investments Group Ltd. lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 210.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 257,824 shares of the company's stock after buying an additional 174,840 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of Dollar Tree worth $19,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in DLTR. Bessemer Group Inc. lifted its position in Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after buying an additional 346 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Dollar Tree in the first quarter valued at approximately $30,000. CX Institutional purchased a new stake in Dollar Tree during the 1st quarter worth approximately $43,000. Sentry Investment Management LLC purchased a new stake in Dollar Tree during the 1st quarter worth approximately $48,000. Finally, GeoWealth Management LLC purchased a new position in Dollar Tree in the 4th quarter valued at approximately $61,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Buying and Selling

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree stock in a transaction that occurred 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 transaction, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 6.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DLTR shares. Truist Financial boosted their price target on shares of Dollar Tree from $109.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $95.00 price target on shares of Dollar Tree in a research report on Wednesday, June 4th. Evercore ISI lifted their price objective on Dollar Tree from $104.00 to $108.00 and gave the company an "in-line" rating in a research note on Tuesday, August 12th. Cfra Research upgraded shares of Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. Finally, Barclays upgraded shares of Dollar Tree from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $95.00 to $138.00 in a research note on Monday, July 21st. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Dollar Tree presently has a consensus rating of "Hold" and a consensus price target of $100.89.

Dollar Tree Stock Down 0.4%

Shares of Dollar Tree stock traded down $0.4460 during trading hours on Friday, hitting $112.1440. The company had a trading volume of 543,715 shares, compared to its average volume of 4,089,023. The company's 50-day moving average is $108.16 and its two-hundred day moving average is $88.37. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06. 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 company has a market cap of $23.40 billion, a P/E ratio of -8.11, a price-to-earnings-growth ratio of 2.42 and a beta of 0.88.

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

Dollar Tree announced that its Board of Directors has authorized a stock repurchase program on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to buy up to 11.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

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.