Assenagon Asset Management S.A. Boosts Holdings in Dollar Tree, Inc. $DLTR

Key Points

• Assenagon Asset Management increased its Dollar Tree stake by 40.7% in the second quarter, bringing its holdings to 540,921 shares valued at approximately $65.4 million. Institutional investors collectively own 97.4% of the company.
• Dollar Tree reported quarterly earnings of $1.74 per share, surpassing the $1.53 consensus estimate, while revenue rose 7.2% year over year to $4.98 billion.
• The company authorized a $2.5 billion stock-repurchase program, covering up to 10.7% of outstanding shares. Despite some recent analyst upgrades, the stock carries a consensus “Hold” rating and a $122.82 price target.

Assenagon Asset Management S.A. boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 40.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 540,921 shares of the company's stock after acquiring an additional 156,402 shares during the quarter. Assenagon Asset Management S.A. owned 0.28% of Dollar Tree worth $65,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Dollar Tree by 3.7% during the 2nd quarter. GAMMA Investing LLC now owns 9,460 shares of the company's stock valued at $1,144,000 after acquiring an additional 336 shares during the period. Arlington Trust Co LLC raised its stake in Dollar Tree by 4,540.5% during the 2nd quarter. Arlington Trust Co LLC now owns 1,949 shares of the company's stock worth $236,000 after acquiring an additional 1,907 shares during the period. Stonebridge Financial Group LLC lifted its holdings in Dollar Tree by 15.5% during the second quarter. Stonebridge Financial Group LLC now owns 5,913 shares of the company's stock valued at $715,000 after purchasing an additional 794 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Dollar Tree by 8.7% in the second quarter. Versant Capital Management Inc now owns 4,313 shares of the company's stock worth $522,000 after purchasing an additional 347 shares during the period. Finally, CX Institutional boosted its position in shares of Dollar Tree by 6.9% in the second quarter. CX Institutional now owns 2,798 shares of the company's stock worth $338,000 after purchasing an additional 181 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Price Performance

DLTR opened at $130.90 on Friday. The firm has a market capitalization of $25.16 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.48 and a beta of 0.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.16 and a quick ratio of 0.39. The business's 50-day moving average is $120.20 and its two-hundred day moving average is $114.14. Dollar Tree, Inc. has a 1 year low of $84.71 and a 1 year high of $142.40.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly 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. Dollar Tree had a net margin of 6.51% and a return on equity of 35.19%. The business had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. The company's quarterly 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. Research analysts anticipate that Dollar Tree, Inc. will post 7 earnings per share for the current fiscal year.

Dollar Tree declared that its board has initiated a stock repurchase plan on Thursday, July 2nd that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DLTR. Raymond James Financial upgraded Dollar Tree from a "market perform" rating to an "outperform" rating and set a $140.00 price objective on the stock in a research report on Wednesday, July 8th. Jefferies Financial Group raised Dollar Tree from a "moderate sell" rating to a "buy" rating in a research note on Wednesday, July 8th. Wall Street Zen cut Dollar Tree from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. The Goldman Sachs Group downgraded Dollar Tree from a "neutral" rating to a "hold" rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings raised 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 assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, Dollar Tree currently has a consensus rating of "Hold" and a consensus target price of $122.82.

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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