Dollar Tree CFO Buys Shares After Stock Falls on Earnings

Dollar Tree said it expects third-quarter adjusted earnings that are in line with numbers from 2024. (Mario Tama/Getty Images)

Key Points

About This Summary

• Dollar Tree’s CFO Stewart Glendinning bought 3,500 shares earlier this month, adding to the 49,353 shares acquired in April.
• Glendinning’s recent purchase brings his total holdings to 52,853 shares, valued at $5.2 million as of Thursday’s close.
• Glendinning, who became CFO on March 30, replaced Jeff Davis amid a turnaround effort that included selling Family Dollar in July.

Dollar Tree’s recently-appointed chief financial officer snapped up 3,500 shares of the budget retailer when the price dipped earlier this month.

CFO Stewart Glendinning bought 500 shares for $99.50 each on Sept. 5, according to a filing with the U.S. Securities and Exchange Commission. Three days later, he made an additional purchase of 3,000 shares at prices ranging from $97.00 to $97.87.

The latest buy brought his total holdings to 52,853 shares of common stock, valued at $5.2 million as of Thursday’s close.

Glendinning assumed the role of CFO on March 30. A securities filing on March 31 shows Glendinning owned no Dollar Tree shares at the time. The following month, he accumulated 49,353 shares through four separate purchases.

Dollar Tree didn’t respond to a request for comment from Barron’s regarding the latest transaction.

Glendinning, formerly a Tyson Foods executive, replaced outgoing CFO Jeff Davis amid a turnaround effort at the budget retailer. That effort culminated in the $1 billion sale of Family Dollar in July, more than a decade after Dollar Tree acquired the business for $8.5 billion.

While the retailer’s latest earnings topped expectations, shares fell 8.4% after the company issued a soft forecast for third-quarter adjusted earnings, saying it expected them to be in line with numbers from the prior year.

The stock has gained 27% this year, trailing behind shares of rival Dollar General , which are up 34%. Both companies have faced investor concern over the impact of macroeconomic uncertainty, with Dollar Tree saying earlier this month that it expects to mitigate “most of the incremental margin pressure from higher tariffs and other input costs.”

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com