Bank of America Corp DE Invests $385.35 Million in Dollar Tree, Inc. $DLTR

Key Points

• Bank of America acquired a new $385.35 million stake in Dollar Tree during the second quarter, purchasing 3.35 million shares and representing 1.74% ownership. Overall, institutional investors own 97.4% of the company.
• Dollar Tree reported quarterly earnings of $2.70 per share, surpassing the $1.15 analyst consensus, while revenue rose 7% year over year to $4.89 billion. The company guided for fiscal 2026 EPS of $7.70–$8.05.
• Shares recently traded down 5.4%, while analysts maintained a consensus “Hold” rating with an average price target of $131.68. Dollar Tree also authorized a $2.5 billion share-repurchase program, covering up to 10.7% of its outstanding stock.

Bank of America Corp DE purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,347,666 shares of the company's stock, valued at approximately $385,350,000. Bank of America Corp DE owned 1.74% of Dollar Tree at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DLTR. Strategic Global Advisors LLC purchased a new position in shares of Dollar Tree in the 2nd quarter valued at $3,671,000. Freestone Grove Partners LP purchased a new stake in shares of Dollar Tree during the 2nd quarter worth $36,853,000. Caisse de depot et placement du Quebec purchased a new stake in shares of Dollar Tree during the 2nd quarter worth $100,261,000. Man Group plc bought a new stake in Dollar Tree during the second quarter valued at about $21,150,000. Finally, Western Wealth Management LLC purchased a new position in Dollar Tree in the second quarter valued at about $339,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Trading Down 5.4%

Shares of Dollar Tree stock opened at $112.79 on Wednesday. The firm's 50 day simple moving average is $127.03 and its two-hundred day simple moving average is $114.35. The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.10 and a beta of 0.66. Dollar Tree, Inc. has a 12-month low of $84.71 and a 12-month high of $142.40. The company has a current ratio of 1.13, a quick ratio of 0.39 and a debt-to-equity ratio of 0.86.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $2.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $1.55. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.86 billion. Dollar Tree had a net margin of 8.03% and a return on equity of 38.61%. The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. 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. Analysts predict that Dollar Tree, Inc. will post 7.95 EPS for the current year.

Dollar Tree declared that its Board of Directors has authorized a share repurchase program on Thursday, July 2nd that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Insider Activity at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the company's stock in a transaction 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 sale, the director directly owned 4,089 shares of the company's stock, valued at $537,580.83. This represents a 22.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Aflatooni sold 2,500 shares of the firm's stock in a transaction 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 directly owned 24,820 shares of the company's stock, valued at approximately $3,127,568.20. This trade represents a 9.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 7.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DLTR shares. Raymond James Financial reiterated an "outperform" rating and issued a $145.00 target price on shares of Dollar Tree in a report on Friday, August 28th. JPMorgan Chase & Co. raised their price target on shares of Dollar Tree from $160.00 to $170.00 and gave the company an "overweight" rating in a report on Monday, July 6th. Wall Street Zen raised shares of Dollar Tree from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. Wells Fargo & Company increased their target price on shares of Dollar Tree from $145.00 to $155.00 and gave the company an "overweight" rating in a research report on Monday, August 17th. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $130.00 target price on shares of Dollar Tree in a research note on Friday, August 28th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dollar Tree currently has a consensus rating of "Hold" and an average price target of $131.68.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety stores under the Dollar Tree brand. Its stores offer a broad selection of merchandise at value-oriented prices, including consumable products, household supplies, seasonal items, toys, health and personal-care products, and other general merchandise. Product assortments may include both nationally recognized brands and private-label goods.

The company traces its origins to discount retail operations established in the 1950s and adopted the Dollar Tree name in the early 1990s.

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