Versor Investments LP Makes New $721,000 Investment in Dollar Tree, Inc. $DLTR

Key Points

• Versor Investments LP has acquired a new stake in Dollar Tree, purchasing 9,600 shares valued at approximately $721,000.
• Dollar Tree has announced a share buyback plan authorizing up to $2.50 billion in repurchases, indicating a belief that its stock is undervalued.
• Research analysts show mixed ratings on Dollar Tree, with price targets ranging from $82.00 to $138.00, reflecting varied outlooks on the company's performance.

Versor Investments LP purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,600 shares of the company's stock, valued at approximately $721,000.

Other large investors have also added to or reduced their stakes in the company. Forum Financial Management LP purchased a new stake in Dollar Tree during the fourth quarter valued at about $340,000. Wealth Enhancement Advisory Services LLC raised its position in Dollar Tree by 50.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company's stock valued at $1,030,000 after purchasing an additional 4,619 shares in the last quarter. McGinn Penninger Investment Management Inc. raised its position in Dollar Tree by 13.2% during the first quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company's stock valued at $5,149,000 after purchasing an additional 8,015 shares in the last quarter. Bastion Asset Management Inc. purchased a new stake in Dollar Tree during the first quarter valued at about $3,585,000. Finally, Empower Advisory Group LLC raised its position in Dollar Tree by 8.0% during the first quarter. Empower Advisory Group LLC now owns 821,288 shares of the company's stock valued at $61,654,000 after purchasing an additional 60,865 shares in the last quarter. Hedge funds and other institutional investors 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 the company's 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 completion of the transaction, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. This represents a 29.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.60% of the stock is owned by insiders.

Dollar Tree Trading Up 0.6%

DLTR traded up $0.73 during midday trading on Friday, reaching $113.32. 2,223,637 shares of the company's stock traded hands, compared to its average volume of 2,995,577. The firm has a fifty day moving average of $108.53 and a two-hundred day moving average of $88.64. The stock has a market capitalization of $23.65 billion, a price-to-earnings ratio of -8.18, a P/E/G ratio of 2.40 and a beta of 0.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $118.06.

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, beating analysts' consensus estimates of $1.21 by $0.05. The business had revenue of $4.64 billion during 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%.Dollar Tree's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 EPS. Dollar Tree has set its FY 2025 guidance at 5.150-5.650 EPS. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BMO Capital Markets raised their price target on Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a research report on Thursday, June 5th. Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the company a "market perform" rating in a research note on Monday, May 5th. UBS Group boosted their target price on Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Truist Financial boosted their target price on Dollar Tree from $109.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, Guggenheim reissued a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a research note on Thursday, June 5th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $100.89.

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.