Parallax Volatility Advisers L.P. Purchases New Position in Dollar Tree, Inc. $DLTR

Parallax Volatility Advisers L.P. purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 7,652 shares of the company’s stock, valued at approximately $881,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in shares of Dollar Tree by 0.4% during the fourth quarter. Cetera Investment Advisers now owns 21,420 shares of the company’s stock valued at $2,635,000 after purchasing an additional 79 shares in the last quarter. Optimize Financial Inc grew its position in shares of Dollar Tree by 1.4% in the 4th quarter. Optimize Financial Inc now owns 6,000 shares of the company’s stock worth $738,000 after buying an additional 84 shares during the last quarter. Covestor Ltd raised its stake in shares of Dollar Tree by 60.9% during the 4th quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after acquiring an additional 84 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of Dollar Tree by 27.6% during the 4th quarter. Root Financial Partners LLC now owns 393 shares of the company’s stock worth $48,000 after acquiring an additional 85 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew its stake in Dollar Tree by 7.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,208 shares of the company’s stock worth $149,000 after buying an additional 86 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DLTR shares. Truist Financial lifted their target price on Dollar Tree from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday. Sanford C. Bernstein boosted their price target on Dollar Tree from $124.00 to $127.00 and gave the company a “market perform” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Dollar Tree from $99.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday, June 4th. Jefferies Financial Group raised shares of Dollar Tree from a “moderate sell” rating to a “buy” rating in a report on Wednesday, July 8th. Finally, Bank of America reaffirmed an “underperform” rating on shares of Dollar Tree in a report on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $125.27.

Key Dollar Tree News

Here are the key news stories impacting Dollar Tree this week:

• Positive Sentiment: Analyst support remains favorable. Truist raised its price target from $136 to $138 while maintaining a Buy rating, and Telsey Advisory initiated or reiterated a Buy view. These actions suggest analysts see additional upside after the company’s recent momentum. Truist Dollar Tree price target article Telsey Advisory Buy article
• Positive Sentiment: Prior earnings momentum and potential for a beat are supporting sentiment. Dollar Tree’s latest reported quarter exceeded consensus estimates for both earnings and revenue, with sales growing year over year. Zacks is also highlighting the company among retailers that could outperform quarterly expectations, although this is a screening signal rather than a confirmed forecast. Zacks earnings article
• Neutral Sentiment: Options traders expect substantial volatility. Options pricing implies a potential move of roughly 9% following the earnings release, indicating that investors anticipate a meaningful reaction to guidance, traffic, margins and consumer spending trends. Dollar Tree options volatility article
• Negative Sentiment: Technical resistance and profit-taking may be limiting the stock. After a strong recent advance, technical analysts identify potential resistance near $141.50. Investors may be locking in gains or waiting for earnings confirmation, which helps explain the stock’s recent decrease despite positive analyst commentary. Dollar Tree technical analysis article

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $132.18 on Thursday. The business’s 50 day moving average price is $125.40 and its 200 day moving average price is $114.65. The company has a market cap of $25.40 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.39 and a current ratio of 1.16. Dollar Tree, Inc. has a one year low of $84.71 and a one year high of $142.40.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.53 by $0.21. Dollar Tree had a return on equity of 35.19% and a net margin of 6.51%.The business had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts predict that Dollar Tree, Inc. will post 7.02 EPS for the current year.

Dollar Tree announced that its Board of Directors has initiated a share repurchase program on Thursday, July 2nd that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Dollar Tree Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.