Teza Capital Management LLC Sells 29,638 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Teza Capital Management LLC reduced its stake in Dollar Tree, Inc. by 76.9%, selling 29,638 shares and retaining only 8,884 shares valued at $667,000 as of the latest SEC filing.
• Despite the reduction by Teza, other institutional investors have increased their stakes in Dollar Tree, with significant increases from Brooklyn Investment Group (79.0% growth) and MassMutual Private Wealth & Trust FSB (121.4% growth).
• Dollar Tree is currently trading at $101.12, with analysts rating it as a hold on average, and institutions collectively own 97.40% of the company's stock.

Teza Capital Management LLC trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 76.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,884 shares of the company's stock after selling 29,638 shares during the quarter. Teza Capital Management LLC's holdings in Dollar Tree were worth $667,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its holdings in Dollar Tree by 79.0% during the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after acquiring an additional 158 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in Dollar Tree during the 1st quarter worth approximately $30,000. CX Institutional bought a new stake in Dollar Tree during the 1st quarter worth approximately $43,000. Sentry Investment Management LLC bought a new stake in Dollar Tree during the 1st quarter worth approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Dollar Tree by 121.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 974 shares of the company's stock worth $73,000 after acquiring an additional 534 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DLTR. Cfra Research raised shares of Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. Gordon Haskett lowered shares of Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price objective on the stock. in a research note on Wednesday. Guggenheim reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Dollar Tree in a research note on Thursday, June 5th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $130.00 price objective on shares of Dollar Tree in a research note on Thursday. Finally, Truist Financial upped their price objective on shares of Dollar Tree from $127.00 to $129.00 and gave the company a "buy" rating in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $106.95.

Dollar Tree Stock Up 0.9%

Shares of NASDAQ DLTR opened at $101.12 on Friday. The firm has a market cap of $20.63 billion, a PE ratio of -7.45, a P/E/G ratio of 2.13 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. The company's fifty day simple moving average is $110.41 and its 200 day simple moving average is $91.18. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.67.

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

Dollar Tree declared that its Board of Directors has initiated a stock buyback program on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 11.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership 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.

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