Strategic Global Advisors LLC Takes $3.67 Million Position in Dollar Tree, Inc. $DLTR

Strategic Global Advisors LLC bought a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,351 shares of the company’s stock, valued at approximately $3,671,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Dollar Tree in the second quarter valued at $2,643,741,000. Pzena Investment Management LLC purchased a new position in Dollar Tree during the 2nd quarter valued at $1,176,661,000. State Street Corp raised its holdings in Dollar Tree by 3.5% in the 3rd quarter. State Street Corp now owns 9,421,856 shares of the company’s stock worth $889,141,000 after purchasing an additional 319,938 shares in the last quarter. Primecap Management Co. CA bought a new position in Dollar Tree in the 2nd quarter worth $455,845,000. Finally, Alliancebernstein L.P. lifted its position in shares of Dollar Tree by 176.9% in the 2nd quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock worth $371,026,000 after purchasing an additional 2,393,172 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 1.7%

Shares of Dollar Tree stock opened at $132.18 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.16 and a quick ratio of 0.39. The company has a 50-day moving average of $125.40 and a 200 day moving average of $114.65. The firm 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. Dollar Tree, Inc. has a 1 year low of $84.71 and a 1 year high of $142.40.

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

Dollar Tree announced that its Board of Directors has approved a share repurchase program on Thursday, July 2nd that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Trending Headlines about Dollar Tree

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DLTR shares. BMO Capital Markets lifted their target price on shares of Dollar Tree from $90.00 to $98.00 and gave the company an “underperform” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. raised their price objective on shares of Dollar Tree from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Morgan Stanley lifted their price objective on Dollar Tree from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Wall Street Zen upgraded Dollar Tree from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Finally, The Goldman Sachs Group lowered Dollar Tree from a “neutral” rating to a “hold” rating in a research report on Wednesday, July 8th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $125.27.

Dollar Tree Company 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.