174,864 Shares in Dollar Tree, Inc. $DLTR Acquired by Man Group plc

Key Points

• Man Group plc acquired 174,864 Dollar Tree shares worth approximately $21.15 million, representing about 0.09% of the company. Institutional investors and hedge funds collectively own 97.4% of DLTR.
• Analyst sentiment is mixed: ten analysts rate the stock Buy, twelve rate it Hold and four rate it Sell. The consensus rating is Hold, with an average price target of $125.27.
• Dollar Tree recently exceeded quarterly earnings and revenue estimates, while its board authorized a $2.5 billion stock buyback covering up to 10.7% of shares outstanding.

Man Group plc bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 174,864 shares of the company's stock, valued at approximately $21,150,000. Man Group plc owned about 0.09% of Dollar Tree at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in shares of Dollar Tree in the 4th quarter worth approximately $25,000. Reflection Asset Management acquired a new stake in shares of Dollar Tree during the fourth quarter worth $25,000. Covestor Ltd increased its position in shares of Dollar Tree by 60.9% during the fourth quarter. Covestor Ltd now owns 222 shares of the company's stock worth $27,000 after buying an additional 84 shares during the period. Basecamp Wealth Advisors LLC raised its stake in Dollar Tree by 59.9% during the first quarter. Basecamp Wealth Advisors LLC now owns 259 shares of the company's stock worth $28,000 after buying an additional 97 shares during the last quarter. Finally, EFG International AG bought a new position in Dollar Tree during the second quarter worth $30,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on DLTR shares. Piper Sandler cut their price target on shares of Dollar Tree from $116.00 to $101.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 26th. Morgan Stanley boosted their price objective on Dollar Tree from $126.00 to $130.00 and gave the company an "equal weight" rating in a research note on Friday, May 29th. BMO Capital Markets upped their target price on Dollar Tree from $90.00 to $98.00 and gave the company an "underperform" rating in a research report on Tuesday, August 11th. Sanford C. Bernstein raised their target price on Dollar Tree from $124.00 to $127.00 and gave the stock a "market perform" rating in a research note on Friday, July 31st. Finally, Barclays downgraded Dollar Tree from an "overweight" rating to a "strong sell" rating in a report on Wednesday, July 8th. Ten investment 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's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $125.27.

Dollar Tree News Summary

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 Price Performance

Shares of NASDAQ DLTR opened at $132.18 on Thursday. The firm's 50-day moving average price is $125.40 and its 200-day moving average price is $114.65. Dollar Tree, Inc. has a 1-year low of $84.71 and a 1-year high of $142.40. The firm has a market capitalization 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 current ratio of 1.16, a quick ratio of 0.39 and a debt-to-equity ratio of 0.84.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Thursday, May 28th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.53 by $0.21. The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.96 billion. Dollar Tree had a return on equity of 35.19% and a net margin of 6.51%.The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $1.26 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 7.02 earnings per share for the current fiscal year.

Dollar Tree announced that its board has approved a stock buyback plan on Thursday, July 2nd that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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.

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