320,158 Shares in Dollar Tree, Inc. $DLTR Purchased by Freestone Grove Partners LP

Freestone Grove Partners LP acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 320,158 shares of the company’s stock, valued at approximately $36,853,000. Freestone Grove Partners LP owned 0.17% of Dollar Tree at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Dollar Tree in the second quarter worth about $2,643,741,000. Pzena Investment Management LLC acquired a new stake in shares of Dollar Tree during the second quarter valued at approximately $1,176,661,000. State Street Corp raised its holdings in shares of Dollar Tree by 3.5% during the third quarter. State Street Corp now owns 9,421,856 shares of the company’s stock valued at $889,141,000 after acquiring an additional 319,938 shares during the period. Primecap Management Co. CA acquired a new stake in shares of Dollar Tree during the second quarter valued at approximately $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 valued at $371,026,000 after acquiring an additional 2,393,172 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

DLTR stock opened at $132.18 on Thursday. The firm has a 50 day simple moving average of $125.40 and a 200 day simple moving average of $114.65. Dollar Tree, Inc. has a 52 week low of $84.71 and a 52 week high of $142.40. The stock has a market cap of $25.40 billion, a P/E ratio of 20.65, a P/E/G 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 (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $4.96 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts anticipate that Dollar Tree, Inc. will post 7.02 earnings per share for the current fiscal year.

Dollar Tree declared that its board has authorized a share buyback 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 typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on DLTR. UBS Group reaffirmed a “buy” rating on shares of Dollar Tree in a research note on Monday, August 17th. Truist Financial boosted their target price on shares of Dollar Tree from $136.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company increased their target price on Dollar Tree from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Jefferies Financial Group raised Dollar Tree from a “moderate sell” rating to a “buy” rating in a research report on Wednesday, July 8th. Finally, Piper Sandler lowered their price target on Dollar Tree from $116.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Ten equities 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.27.

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 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.