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Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Vanguard Group Inc.

Dollar Tree logo with Retail/Wholesale background

Key Points

  • Vanguard Group Inc. increased its ownership in Dollar Tree by 1.7% during Q1, totaling 23,839,718 shares valued at approximately $1.79 billion.
  • Dollar Tree's Board of Directors has approved a $2.5 billion share buyback plan, which indicates management believes the stock is undervalued.
  • Equities analysts have raised their price targets for Dollar Tree, with Wells Fargo setting the highest at $130.00, resulting in a consensus rating of "Hold" and an average price target of $97.74.
  • Looking to export and analyze Dollar Tree data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Vanguard Group Inc. raised its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,839,718 shares of the company's stock after acquiring an additional 389,490 shares during the quarter. Vanguard Group Inc. owned approximately 11.08% of Dollar Tree worth $1,789,648,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DLTR. Franklin Resources Inc. grew its position in shares of Dollar Tree by 113.8% during the fourth quarter. Franklin Resources Inc. now owns 44,277 shares of the company's stock worth $3,318,000 after buying an additional 23,571 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Dollar Tree by 48.1% in the fourth quarter. Russell Investments Group Ltd. now owns 82,984 shares of the company's stock valued at $6,219,000 after buying an additional 26,950 shares during the last quarter. Advisory Services Network LLC lifted its stake in Dollar Tree by 116.0% in the fourth quarter. Advisory Services Network LLC now owns 10,126 shares of the company's stock valued at $759,000 after buying an additional 5,438 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Dollar Tree during the fourth quarter worth approximately $24,922,000. Finally, Bessemer Group Inc. raised its stake in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after purchasing an additional 346 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DLTR has been the subject of several analyst reports. Evercore ISI upped their price target on Dollar Tree from $92.00 to $94.00 and gave the stock an "in-line" rating in a research note on Tuesday, June 24th. Morgan Stanley increased their price target on shares of Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a research report on Thursday, June 5th. Wells Fargo & Company increased their price objective on Dollar Tree from $105.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Barclays raised Dollar Tree from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $95.00 to $138.00 in a research note on Monday, July 21st. Finally, Guggenheim restated a "buy" rating and issued a $100.00 price target on shares of Dollar Tree in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $97.74.

View Our Latest Stock Analysis on DLTR

Dollar Tree Stock Down 1.6%

Shares of NASDAQ:DLTR traded down $1.83 during mid-day trading on Monday, hitting $114.29. 2,483,923 shares of the company traded hands, compared to its average volume of 3,109,943. The firm has a market cap of $23.85 billion, a P/E ratio of -8.25, a PEG ratio of 2.49 and a beta of 0.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $118.06. The firm's 50 day simple moving average is $105.08 and its 200 day simple moving average is $86.35.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the firm earned $1.43 EPS. Dollar Tree's quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its Board of Directors has approved a stock repurchase program on Wednesday, July 9th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to buy up to 11.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

Insider Activity at Dollar Tree

In other 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 value of $1,989,480.12. Following the completion of the transaction, the chief marketing officer owned 50,419 shares in the company, valued at approximately $4,770,645.78. This trade represents a 29.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.60% of the company's stock.

Dollar Tree Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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