Kettle Hill Capital Management LLC Has $13.51 Million Stock Position in Dollar Tree, Inc. $DLTR

Kettle Hill Capital Management LLC boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 38.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 179,895 shares of the company’s stock after purchasing an additional 49,876 shares during the period. Dollar Tree comprises 3.7% of Kettle Hill Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Kettle Hill Capital Management LLC’s holdings in Dollar Tree were worth $13,505,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in Dollar Tree by 50.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company’s stock worth $1,030,000 after purchasing an additional 4,619 shares in the last quarter. McGinn Penninger Investment Management Inc. grew its position in Dollar Tree by 13.2% in the 1st quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company’s stock worth $5,149,000 after purchasing an additional 8,015 shares in the last quarter. Bastion Asset Management Inc. bought a new stake in Dollar Tree in the 1st quarter worth about $3,585,000. Empower Advisory Group LLC grew its position in Dollar Tree by 8.0% in the 1st quarter. Empower Advisory Group LLC now owns 821,288 shares of the company’s stock worth $61,654,000 after purchasing an additional 60,865 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Dollar Tree by 6.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,471,865 shares of the company’s stock worth $110,493,000 after purchasing an additional 85,508 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley upped their price objective on shares of Dollar Tree from $80.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 5th. Jefferies Financial Group assumed 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Dollar Tree in a report on Thursday. Truist Financial upped their price objective on Dollar Tree from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Cfra Research raised Dollar Tree to a “hold” rating in a report on Wednesday, May 28th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $106.47.

Dollar Tree Stock Down 1.7%

DLTR opened at $100.25 on Friday. The company has a 50 day moving average of $110.36 and a 200 day moving average of $90.89. The company has a market cap of $20.92 billion, a PE ratio of -7.39, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $118.06. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.67.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.77 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 the consensus estimate 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 revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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

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.