Vident Advisory LLC Raises Stake in Dollar Tree, Inc. $DLTR

Key Points

• Vident Advisory LLC increased its stake in Dollar Tree by 134.0% during the first quarter, now holding 9,302 shares valued at approximately $698,000.
• Dollar Tree reported $0.77 EPS for the last quarter, exceeding analysts' estimates of $0.38, with overall revenue of $4.57 billion, a growth of 12.3% year-over-year.
• The company's Board of Directors authorized a $2.50 billion share repurchase plan, indicating that leadership believes its shares are currently undervalued.

Vident Advisory LLC grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 134.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,302 shares of the company's stock after purchasing an additional 5,327 shares during the period. Vident Advisory LLC's holdings in Dollar Tree were worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group raised its position in shares of Dollar Tree by 79.0% during 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 during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Dollar Tree during the 1st quarter valued at approximately $30,000. CX Institutional purchased a new stake in shares of Dollar Tree during the 1st quarter valued at approximately $43,000. Sentry Investment Management LLC purchased a new stake in shares of Dollar Tree during the 1st quarter valued at approximately $48,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Dollar Tree by 121.4% during the 1st 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. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on DLTR shares. Citigroup reduced their price target on shares of Dollar Tree from $130.00 to $124.00 and set a "buy" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Dollar Tree from $138.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday. Guggenheim lowered their price objective on shares of Dollar Tree from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Monday. Piper Sandler lowered their price objective on shares of Dollar Tree from $112.00 to $108.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Gordon Haskett cut shares of Dollar Tree from a "hold" rating to a "reduce" rating and set a $95.00 price objective for the company. in a research report on Wednesday, September 3rd. 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $108.26.

Dollar Tree Stock Down 1.7%

DLTR traded down $1.72 during trading hours on Monday, hitting $99.40. 7,462,927 shares of the company's stock were exchanged, compared to its average volume of 4,102,163. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $118.06. The firm has a 50 day moving average of $110.42 and a 200 day moving average of $91.46. The firm has a market cap of $20.27 billion, a P/E ratio of -7.32, a price-to-earnings-growth ratio of 1.84 and a beta of 0.89. The company has a current ratio of 1.04, a quick ratio of 0.27 and a debt-to-equity ratio of 0.67.

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

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

Dollar Tree 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.