Banque Cantonale Vaudoise Acquires New Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Banque Cantonale Vaudoise acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,995 shares of the company’s stock, valued at approximately $600,000.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC grew its holdings in Dollar Tree by 7.0% in the fourth quarter. LPL Financial LLC now owns 94,176 shares of the company’s stock worth $7,058,000 after purchasing an additional 6,174 shares during the last quarter. Wellington Management Group LLP lifted its position in Dollar Tree by 155.7% during the fourth quarter. Wellington Management Group LLP now owns 77,886 shares of the company’s stock valued at $5,837,000 after purchasing an additional 47,427 shares during the period. Alliancebernstein L.P. lifted its position in Dollar Tree by 26.6% during the fourth quarter. Alliancebernstein L.P. now owns 530,356 shares of the company’s stock valued at $39,745,000 after purchasing an additional 111,511 shares during the period. B. Metzler seel. Sohn & Co. AG lifted its position in Dollar Tree by 75.8% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 8,825 shares of the company’s stock valued at $661,000 after purchasing an additional 3,805 shares during the period. Finally, Franklin Resources Inc. lifted its position in Dollar Tree by 113.8% during the fourth quarter. Franklin Resources Inc. now owns 44,277 shares of the company’s stock valued at $3,318,000 after purchasing an additional 23,571 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 1.0%

Shares of NASDAQ DLTR opened at $114.72 on Friday. The company has a 50 day simple moving average of $101.98 and a 200-day simple moving average of $84.33. The company has a market capitalization of $23.94 billion, a P/E ratio of -8.28, a P/E/G ratio of 2.43 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 1 year low of $60.49 and a 1 year high of $115.99.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.05. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the firm earned $1.43 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree declared that its Board of Directors has approved a stock buyback plan on Wednesday, July 9th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the company to reacquire up to 11.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $94.62, for a total value of $1,989,480.12. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

DLTR has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of Dollar Tree in a research report on Thursday, July 17th. They set a “hold” rating and a $106.00 target price for the company. Citigroup upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Dollar Tree in a research report on Thursday, June 5th. Truist Financial upped their price objective on shares of Dollar Tree from $89.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, June 2nd. Finally, Bank of America decreased their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 8th. Two equities research 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.