11,410 Dollar Tree, Inc. $DLTR Shares Bought by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management increased its Dollar Tree stake by 192.2% in the third quarter, purchasing 11,410 additional shares and bringing its holdings to 17,345 shares valued at approximately $1.85 million.
• Institutional ownership remains very high at 97.4%, while analysts maintain a consensus rating of “Hold” with an average price target of $131.83. Eleven analysts rate the stock a Buy, 13 a Hold, and two a Sell.
• Dollar Tree reported quarterly earnings of $2.70 per share, well above the $1.15 consensus estimate, on revenue of $4.89 billion. The company also authorized a $2.5 billion share-repurchase program, allowing it to buy back up to 10.7% of outstanding shares.

NorthCrest Asset Manangement LLC increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 192.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,345 shares of the company's stock after buying an additional 11,410 shares during the period. NorthCrest Asset Manangement LLC's holdings in Dollar Tree were worth $1,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Armstrong Advisory Group Inc. bought a new stake in Dollar Tree during the 3rd quarter valued at approximately $74,000. Wealth Science Advisors LLC bought a new position in shares of Dollar Tree in the 3rd quarter worth approximately $388,000. ANB Bank bought a new position in shares of Dollar Tree in the 3rd quarter worth approximately $362,000. Castleview Partners LLC bought a new position in shares of Dollar Tree in the 3rd quarter worth approximately $1,075,000. Finally, Sound Income Strategies LLC purchased a new position in shares of Dollar Tree in the 3rd quarter valued at approximately $14,286,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DLTR has been the topic of several research reports. Guggenheim lifted their price target on Dollar Tree from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, August 25th. Loop Capital raised Dollar Tree from a "hold" rating to a "buy" rating and upped their price target for the stock from $130.00 to $140.00 in a research note on Thursday, October 1st. Piper Sandler increased their price objective on Dollar Tree from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Monday, August 31st. Truist Financial raised their price objective on Dollar Tree from $136.00 to $138.00 and gave the company a "buy" rating in a research report on Tuesday, August 25th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $135.00 price objective on shares of Dollar Tree in a research report on Friday, August 28th. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $131.83.

Dollar Tree Stock Performance

Shares of DLTR opened at $121.76 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.13 and a debt-to-equity ratio of 0.86. The business's 50 day moving average price is $122.53 and its 200-day moving average price is $114.60. Dollar Tree, Inc. has a 52 week low of $85.88 and a 52 week high of $142.40. The stock has a market cap of $22.85 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.08 and a beta of 0.71.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $1.15 by $1.55. Dollar Tree had a return on equity of 38.61% and a net margin of 8.03%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. Dollar Tree has set its Q3 2026 guidance at 0.800-0.950 EPS and its FY 2026 guidance at 7.700-8.050 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 7.93 earnings per share for the current fiscal year.

Dollar Tree announced that its board has authorized a share repurchase plan on Thursday, July 2nd that permits the company to repurchase $2.50 billion in shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 2,500 shares of Dollar Tree stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $126.01, for a total value of $315,025.00. Following the completion of the transaction, the insider owned 24,820 shares of the company's stock, valued at $3,127,568.20. The trade was a 9.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $131.47, for a total value of $155,791.95. Following the completion of the transaction, the director directly owned 4,089 shares of the company's stock, valued at approximately $537,580.83. This represents a 22.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 7.10% of the company's stock.

About Dollar Tree

Dollar Tree, Inc operates discount variety stores under the Dollar Tree brand in the United States and Canada. Its stores offer a broad selection of everyday merchandise, including household supplies, food and beverages, health and personal-care products, seasonal items, toys, party supplies, and arts and crafts products.

The company's Dollar Tree stores historically focused on merchandise priced at a fixed dollar point and have expanded to include multiple price points through initiatives such as Dollar Tree Plus.

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