Assenagon Asset Management S.A. Sells 207,770 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Assenagon Asset Management cut its Dollar Tree stake by 38.4%, selling 207,770 shares and retaining 333,151 shares valued at approximately $35.1 million. Institutional investors collectively own 97.4% of the company.
• Analyst sentiment is mixed but improving: Loop Capital upgraded Dollar Tree to “buy,” while the average analyst rating remains “hold” with a consensus price target of $133.14.
• Dollar Tree reported quarterly EPS of $2.70, substantially above the $1.15 consensus estimate, while revenue rose 7% year over year to $4.89 billion. The company also authorized a $2.5 billion share-repurchase program.

Assenagon Asset Management S.A. decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 38.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 333,151 shares of the company's stock after selling 207,770 shares during the quarter. Assenagon Asset Management S.A. owned 0.18% of Dollar Tree worth $35,124,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Dollar Tree during the second quarter worth about $2,643,741,000. Pzena Investment Management LLC acquired a new stake in Dollar Tree in the second quarter worth $1,176,661,000. Primecap Management Co. CA bought a new position in shares of Dollar Tree during the second quarter worth about $455,845,000. Bank of America Corp DE acquired a new stake in shares of Dollar Tree in the 2nd quarter worth about $385,350,000. Finally, Caisse de depot et placement du Quebec bought a new position in Dollar Tree in the 2nd quarter worth about $205,631,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DLTR shares. Loop Capital raised Dollar Tree from a "hold" rating to a "buy" rating and lifted their price target for the company from $130.00 to $140.00 in a report on Thursday, October 1st. UBS Group boosted their price target on Dollar Tree from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Wells Fargo & Company upped their price objective on shares of Dollar Tree from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Monday, August 17th. Piper Sandler raised their price objective on shares of Dollar Tree from $114.00 to $121.00 and gave the company a "neutral" rating in a research note on Monday, August 31st. Finally, Guggenheim boosted their target price on Dollar Tree from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, August 25th. Eleven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Dollar Tree has an average rating of "Hold" and an average price target of $133.14.

Insider Activity at Dollar Tree

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

Dollar Tree Stock Performance

DLTR opened at $124.18 on Friday. The firm has a market cap of $23.30 billion, a PE ratio of 15.16, a P/E/G ratio of 1.15 and a beta of 0.71. 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 has a fifty day simple moving average of $122.29 and a 200-day simple moving average of $114.79. Dollar Tree, Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $142.40.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $1.55. Dollar Tree had a return on equity of 38.61% and a net margin of 8.03%. The business had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same period in the previous year, the firm posted $0.77 EPS. The company's quarterly revenue was up 7.0% on a year-over-year basis. 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. As a group, equities analysts predict that Dollar Tree, Inc. will post 7.93 EPS for the current fiscal year.

Dollar Tree declared that its board has authorized a stock repurchase plan on Thursday, July 2nd that allows the company to buy back $2.50 billion in shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Share buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Dollar Tree Company Profile

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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