BofA update shows where active managers are putting money
CHESAPEAKE, Va.—Michael C. Creedon Jr., the Chief Executive Officer of Dollar Tree, Inc. (NASDAQ:DLTR), sold 413 shares of the company’s common stock on April 1, 2025. The shares were sold at an average price of $75.45, amounting to a total transaction value of $31,161. The transaction comes as Dollar Tree, with a market capitalization of $14.6 billion, trades near $67.18, significantly below InvestingPro’s Fair Value estimate, suggesting potential undervaluation.
In addition to the sale, Creedon acquired 59,729 shares of restricted stock units, which were granted under the company’s 2021 Omnibus Incentive Plan. These units will vest in approximately three equal annual installments, contingent upon continued employment. According to InvestingPro data, Dollar Tree maintains a "Fair" overall financial health score, with particularly strong cash flow metrics. Subscribers can access 6 additional ProTips and comprehensive analysis in the Pro Research Report.
The Form 4 filing also noted that Creedon surrendered 1,245 shares at a price of $75.34 per share to cover tax liabilities incurred from the vesting of restricted stock units, totaling $93,798. Following these transactions, Creedon holds 85,543 shares directly. The stock has seen a challenging year, with a -49.91% return over the past 12 months, though analysts maintain coverage with a consensus price target range of $70-$104.
In other recent news, Dollar Tree has announced significant financial developments, including a new $1.5 billion revolving credit facility and a separate $1 billion 364-day credit facility, both established with JPMorgan Chase (NYSE:JPM) Bank. These agreements, which come with specific interest rates and covenants, are part of Dollar Tree’s strategy to strengthen its financial position. Concurrently, Dollar Tree has terminated its previous credit agreement from December 2021. Analyst firms have been active in adjusting their outlooks on Dollar Tree. BMO Capital Markets maintained a Market Perform rating with a $70 price target, noting potential benefits from the sale of Family Dollar but expressing concerns about pricing strategies and digital presence. CFRA adjusted its price target to $74, maintaining a Hold rating, citing challenges from the Family Dollar sale and tariff impacts. Guggenheim Securities reduced its price target to $95 but upheld a Buy rating, optimistic about Dollar Tree’s long-term potential despite current margin pressures. Meanwhile, Bernstein lowered its price target to $78, maintaining a Market Perform rating, and highlighted the positive EPS impact from the Family Dollar sale, though it noted potential risks related to tariffs and sales growth expectations. These developments reflect ongoing strategic shifts and market evaluations for Dollar Tree.
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