Nordea Investment Management AB Acquires 876 Shares of Dollar Tree, Inc. $DLTR

Nordea Investment Management AB raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,742 shares of the company’s stock after acquiring an additional 876 shares during the period. Nordea Investment Management AB’s holdings in Dollar Tree were worth $3,008,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DLTR. Price T Rowe Associates Inc. MD grew its position in Dollar Tree by 69.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,848,196 shares of the company’s stock valued at $439,025,000 after acquiring an additional 2,400,586 shares during the last quarter. Alyeska Investment Group L.P. grew its position in Dollar Tree by 1,055.1% during the first quarter. Alyeska Investment Group L.P. now owns 2,322,189 shares of the company’s stock valued at $174,327,000 after acquiring an additional 2,121,149 shares during the last quarter. EdgePoint Investment Group Inc. grew its position in Dollar Tree by 21.4% during the first quarter. EdgePoint Investment Group Inc. now owns 9,641,507 shares of the company’s stock valued at $723,788,000 after acquiring an additional 1,701,344 shares during the last quarter. Maverick Capital Ltd. bought a new position in Dollar Tree during the first quarter valued at approximately $69,890,000. Finally, Alliancebernstein L.P. grew its position in Dollar Tree by 155.1% during the first quarter. Alliancebernstein L.P. now owns 1,353,050 shares of the company’s stock valued at $101,573,000 after acquiring an additional 822,694 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $100.47 on Thursday. The firm’s fifty day simple moving average is $99.86 and its 200 day simple moving average is $96.63. The stock has a market cap of $20.49 billion, a P/E ratio of -7.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.85. The company has a quick ratio of 0.27, a current ratio of 1.04 and a debt-to-equity ratio of 0.67. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $118.06.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.39. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.46 billion. Dollar Tree had a negative net margin of 13.46% and a positive return on equity of 23.52%. Dollar Tree’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its board has initiated a stock repurchase program on Wednesday, July 9th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to buy up to 11.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DLTR shares. Guggenheim reduced their price target on shares of Dollar Tree from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, September 8th. New Street Research set a $103.00 target price on shares of Dollar Tree in a report on Thursday, October 16th. Sanford C. Bernstein restated a “market perform” rating on shares of Dollar Tree in a report on Thursday, October 16th. Jefferies Financial Group restated an “underperform” rating and issued a $70.00 target price (down previously from $110.00) on shares of Dollar Tree in a report on Tuesday, October 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Dollar Tree in a report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and an average target price of $110.00.

Insider Activity

In related news, insider Robert Aflatooni sold 1,260 shares of the stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $94.70, for a total value of $119,322.00. Following the completion of the transaction, the insider directly owned 21,402 shares in the company, valued at $2,026,769.40. This trade represents a 5.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $100.32, for a total value of $118,879.20. Following the completion of the transaction, the director directly owned 4,089 shares of the company’s stock, valued at approximately $410,208.48. This represents a 22.47% decrease in their position. The disclosure for this sale can be found here. 6.60% of the stock is owned by company insiders.

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.