Xponance Inc. Acquires 806 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Xponance Inc. lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 29,534 shares of the company’s stock after purchasing an additional 806 shares during the quarter. Xponance Inc.’s holdings in Dollar Tree were worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its stake in shares of Dollar Tree by 18.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 47,172 shares of the company’s stock worth $3,541,000 after acquiring an additional 7,397 shares during the period. Topsail Wealth Management LLC bought a new position in shares of Dollar Tree during the 1st quarter worth approximately $206,000. Greenleaf Trust bought a new position in shares of Dollar Tree during the 1st quarter worth approximately $219,000. Envestnet Asset Management Inc. boosted its stake in shares of Dollar Tree by 24.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 324,196 shares of the company’s stock worth $24,337,000 after acquiring an additional 63,615 shares during the period. Finally, IFM Investors Pty Ltd boosted its stake in shares of Dollar Tree by 7.5% during the 1st quarter. IFM Investors Pty Ltd now owns 39,908 shares of the company’s stock worth $2,806,000 after acquiring an additional 2,799 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Insider Activity at Dollar Tree

In other news, CMO Richard L. Mcneely sold 21,026 shares of the business’s stock in a transaction 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 approximately $4,770,645.78. The trade was a 29.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.60% of the company’s stock.

Dollar Tree Price Performance

Dollar Tree stock opened at $108.63 on Tuesday. 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 $109.74. The stock has a market capitalization of $22.67 billion, a P/E ratio of -7.84, a price-to-earnings-growth ratio of 2.35 and a beta of 0.86. The stock has a fifty day moving average of $94.83 and a 200-day moving average of $80.68.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping 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 company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the firm earned $1.43 EPS. Dollar Tree’s revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts expect 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 share repurchase program on Wednesday, July 9th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to reacquire up to 11.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently issued reports on DLTR shares. Bank of America reduced their price target on Dollar Tree from $75.00 to $70.00 and set an “underperform” rating for the company in a research note on Tuesday, April 8th. Evercore ISI boosted their price target on Dollar Tree from $92.00 to $94.00 and gave the company an “in-line” rating in a research note on Tuesday, June 24th. Cfra Research upgraded Dollar Tree to a “hold” rating in a research note on Wednesday, May 28th. The Goldman Sachs Group downgraded Dollar Tree from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, June 5th. Finally, Citigroup upgraded Dollar Tree from a “neutral” rating to a “buy” rating and boosted their price target for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average target price of $90.37.

Dollar Tree Company 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.