Swedbank AB Has $4.65 Million Stake in Dollar Tree, Inc. $DLTR

Key Points

• Swedbank AB reduced its stake in Dollar Tree, Inc. by 5.9% in the first quarter, holding 61,907 shares valued at approximately $4.65 million.
• Dollar Tree reported earnings of $0.77 EPS for the last quarter, significantly exceeding analysts' expectations of $0.38 EPS, with revenues reaching $4.57 billion.
• The company's board approved a $2.50 billion stock buyback program, suggesting management believes the stock is undervalued.

Swedbank AB trimmed its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,907 shares of the company's stock after selling 3,847 shares during the period. Swedbank AB's holdings in Dollar Tree were worth $4,647,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DLTR. Brooklyn Investment Group lifted its holdings in 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 during the period. Zions Bancorporation National Association UT acquired a new position in Dollar Tree in the first quarter valued at $30,000. CX Institutional acquired a new position in Dollar Tree in the first quarter valued at $43,000. Sentry Investment Management LLC acquired a new position in Dollar Tree in the first quarter valued at $48,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Dollar Tree by 121.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock valued at $73,000 after buying an additional 534 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Buying and Selling

In related news, Director Stephanie Stahl sold 1,185 shares of the business'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 completion of the transaction, the director directly owned 4,089 shares in the company, valued at $410,208.48. The trade was a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is currently owned by insiders.

Dollar Tree Trading Down 0.2%

Shares of DLTR opened at $97.26 on Tuesday. The business has a 50-day moving average of $109.96 and a 200 day moving average of $92.28. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $118.06. The firm has a market cap of $19.84 billion, a P/E ratio of -7.17, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.27 and a current ratio of 1.04.

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

Dollar Tree declared that its board has approved a stock buyback program on Wednesday, July 9th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to purchase up to 11.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on DLTR shares. BNP Paribas cut shares of Dollar Tree from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. Guggenheim reduced their price target on shares of Dollar Tree from $130.00 to $125.00 and set a "buy" rating for the company in a report on Monday, September 8th. Truist Financial lifted their price target on shares of Dollar Tree from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Gordon Haskett downgraded 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. Finally, UBS Group reaffirmed a "buy" rating and set a $140.00 price objective on shares of Dollar Tree in a report on Tuesday, August 26th. Eight investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $109.28.

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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