Dollar Tree, Inc. $DLTR Shares Sold by Swedbank AB

Key Points

• Swedbank AB reduced its stake in Dollar Tree, Inc. by 20.7% in the second quarter, leaving it with 49,069 shares valued at approximately $4.86 million.
• Analysts have downgraded Dollar Tree's stock ratings, with BNP Paribas changing its rating to "hold" and Goldman Sachs to "strong sell", while eight have rated it as a buy.
• Dollar Tree has announced a share repurchase program worth $2.50 billion, aiming to buy back up to 11.5% of its outstanding shares, reflecting management's belief that the stock is undervalued.

Swedbank AB lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 20.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,069 shares of the company's stock after selling 12,838 shares during the quarter. Swedbank AB's holdings in Dollar Tree were worth $4,860,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Horizon Investments LLC boosted its holdings in shares of Dollar Tree by 5.1% in the 1st quarter. Horizon Investments LLC now owns 2,905 shares of the company's stock valued at $218,000 after buying an additional 140 shares in the last quarter. Compton Wealth Advisory Group LLC boosted its holdings in shares of Dollar Tree by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 34,561 shares of the company's stock valued at $3,423,000 after buying an additional 148 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Dollar Tree by 79.0% in the 1st 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. Private Trust Co. NA boosted its holdings in shares of Dollar Tree by 11.6% in the 1st quarter. Private Trust Co. NA now owns 1,527 shares of the company's stock valued at $115,000 after buying an additional 159 shares in the last quarter. Finally, Cary Street Partners Financial LLC boosted its holdings in shares of Dollar Tree by 8.5% in the 1st quarter. Cary Street Partners Financial LLC now owns 2,381 shares of the company's stock valued at $179,000 after buying an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Activity

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the sale, the director directly owned 4,089 shares of the company's stock, valued at $410,208.48. This trade represents a 22.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Gordon Haskett downgraded shares of Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price target for the company. in a research report on Wednesday, September 3rd. The Goldman Sachs Group downgraded shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. Truist Financial upped 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. Jefferies Financial Group assumed coverage on shares of Dollar Tree in a research report on Thursday, July 17th. They issued a "hold" rating and a $106.00 price target for the company. Finally, Evercore ISI upped their price target on shares of Dollar Tree from $108.00 to $110.00 and gave the company an "in-line" rating in a research report on Tuesday, August 26th. Eight research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Dollar Tree presently has an average rating of "Hold" and an average price target of $109.28.

Dollar Tree Price Performance

Shares of DLTR traded down $0.78 during trading hours on Monday, reaching $94.48. The company had a trading volume of 3,350,378 shares, compared to its average volume of 5,258,426. The firm has a 50 day simple moving average of $109.16 and a 200-day simple moving average of $93.06. 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 company has a market capitalization of $19.27 billion, a price-to-earnings ratio of -6.96, a PEG ratio of 1.73 and a beta of 0.89. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. The firm had revenue of $4.57 billion for the quarter, compared to analysts' expectations of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. The firm's revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. Research analysts expect 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 program on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 11.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.