LSV Asset Management Grows Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

LSV Asset Management lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 275.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,868 shares of the company’s stock after purchasing an additional 122,468 shares during the quarter. LSV Asset Management owned about 0.08% of Dollar Tree worth $12,527,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Alberta Investment Management Corp raised its stake in shares of Dollar Tree by 54.9% during the first quarter. Alberta Investment Management Corp now owns 145,000 shares of the company’s stock worth $10,885,000 after purchasing an additional 51,400 shares during the last quarter. US Bancorp DE raised its position in Dollar Tree by 40.4% in the first quarter. US Bancorp DE now owns 109,861 shares of the company’s stock worth $8,247,000 after acquiring an additional 31,589 shares in the last quarter. Wealthquest Corp purchased a new position in Dollar Tree in the first quarter worth $287,000. Natixis Advisors LLC raised its position in Dollar Tree by 9.4% in the first quarter. Natixis Advisors LLC now owns 711,762 shares of the company’s stock worth $53,432,000 after acquiring an additional 61,269 shares in the last quarter. Finally, Bayforest Capital Ltd raised its position in Dollar Tree by 309.2% in the first quarter. Bayforest Capital Ltd now owns 14,927 shares of the company’s stock worth $1,121,000 after acquiring an additional 11,279 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 0.9%

Shares of NASDAQ:DLTR opened at $115.72 on Tuesday. The stock’s 50-day moving average price is $102.53 and its two-hundred day moving average price is $84.83. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $116.50. The firm has a market cap of $24.15 billion, a price-to-earnings ratio of -8.35, a PEG ratio of 2.46 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.05. The business had revenue of $4.64 billion for 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%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 EPS. On average, research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree announced that its board has initiated 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 repurchase up to 11.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, CMO Richard L. Mcneely sold 21,026 shares of the business’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 transaction, the chief marketing officer directly owned 50,419 shares of the company’s stock, valued at approximately $4,770,645.78. The trade was a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on Dollar Tree from $105.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 22nd. Cfra Research upgraded Dollar Tree to a “hold” rating in a research report on Wednesday, May 28th. UBS Group raised their price target on Dollar Tree from $95.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, May 29th. Guggenheim restated a “buy” rating and issued a $100.00 price target on shares of Dollar Tree in a research report on Thursday, June 5th. Finally, Truist Financial raised their price target on Dollar Tree from $89.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $97.74.

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.