Man Group plc acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 174,864 shares of the company’s stock, valued at approximately $21,150,000.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Dollar Tree during the second quarter valued at about $2,643,741,000. Pzena Investment Management LLC acquired a new position in Dollar Tree during the 2nd quarter valued at about $1,176,661,000. Primecap Management Co. CA bought a new stake in Dollar Tree during the 2nd quarter worth approximately $455,845,000. Alliancebernstein L.P. increased its holdings in Dollar Tree by 176.9% during 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 in the last quarter. Finally, Norges Bank purchased a new stake in shares of Dollar Tree in the fourth quarter worth approximately $260,858,000. 97.40% of the stock is owned by institutional investors.
More 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 Trading Down 1.7%
Dollar Tree (NASDAQ:DLTR – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.21. The firm had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.96 billion. Dollar Tree had a return on equity of 35.19% and a net margin of 6.51%.The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. As a group, analysts anticipate that Dollar Tree, Inc. will post 7.02 earnings per share for the current year.
Dollar Tree declared that its Board of Directors has approved a stock repurchase program on Thursday, July 2nd that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Dollar Tree from $99.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, June 4th. Wall Street Zen upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. UBS Group reaffirmed a “buy” rating on shares of Dollar Tree in a report on Monday, August 17th. JPMorgan Chase & Co. upped their target price on shares of Dollar Tree from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, Weiss Ratings upgraded shares of Dollar Tree from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $125.27.
View Our Latest Research Report on Dollar Tree
About Dollar Tree
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.
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