L2 Asset Management LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,731 shares of the company’s stock, valued at approximately $12,183,000. Dollar Tree comprises 1.3% of L2 Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding. L2 Asset Management LLC owned about 0.05% of Dollar Tree at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Cullen Frost Bankers Inc. purchased a new position in Dollar Tree in the 4th quarter valued at $25,000. Reflection Asset Management purchased a new position in Dollar Tree during the 4th quarter worth $25,000. Covestor Ltd raised its position in Dollar Tree by 60.9% during the 4th quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after buying an additional 84 shares during the last quarter. Basecamp Wealth Advisors LLC lifted its stake in shares of Dollar Tree by 59.9% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 259 shares of the company’s stock worth $28,000 after acquiring an additional 97 shares during the period. Finally, Wilkerson Advisory Group LLC boosted its holdings in shares of Dollar Tree by 80.1% in the first quarter. Wilkerson Advisory Group LLC now owns 263 shares of the company’s stock valued at $29,000 after acquiring an additional 117 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Dollar Tree in a research note on Monday, August 17th. Freedom Capital downgraded shares of Dollar Tree from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings raised Dollar Tree from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Piper Sandler dropped their target price on Dollar Tree from $116.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Finally, Benchmark initiated coverage on Dollar Tree in a report on Wednesday, July 8th. They issued a “hold” rating for the company. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $123.41.
Dollar Tree Stock Up 4.0%
Shares of NASDAQ DLTR opened at $136.75 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 1.16 and a debt-to-equity ratio of 0.84. Dollar Tree, Inc. has a 52 week low of $84.71 and a 52 week high of $142.40. The firm has a 50-day moving average price of $124.40 and a 200 day moving average price of $114.47. The stock has a market capitalization of $26.28 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.50 and a beta of 0.64.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.21. Dollar Tree had a net margin of 6.51% and a return on equity of 35.19%. The firm had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 7.02 EPS for the current fiscal year.
Dollar Tree announced that its board has authorized a share repurchase program on Thursday, July 2nd that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits 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 board of directors believes its stock is undervalued.
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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