Bank of New York Mellon Corp Invests $110.63 Million in Dollar Tree, Inc. $DLTR

Bank of New York Mellon Corp acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 914,638 shares of the company's stock, valued at approximately $110,626,000. Bank of New York Mellon Corp owned about 0.48% of Dollar Tree as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in shares of Dollar Tree during the 4th quarter valued at about $25,000. Reflection Asset Management purchased a new stake in Dollar Tree in the fourth quarter worth approximately $25,000. Covestor Ltd boosted its stake in Dollar Tree by 60.9% in the fourth quarter. Covestor Ltd now owns 222 shares of the company's stock worth $27,000 after buying an additional 84 shares in the last quarter. Basecamp Wealth Advisors LLC grew its position in Dollar Tree by 59.9% during the first quarter. Basecamp Wealth Advisors LLC now owns 259 shares of the company's stock valued at $28,000 after acquiring an additional 97 shares during the last quarter. Finally, Wilkerson Advisory Group LLC raised its stake in shares of Dollar Tree by 80.1% during the first quarter. Wilkerson Advisory Group LLC now owns 263 shares of the company's stock worth $29,000 after acquiring an additional 117 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on shares of Dollar Tree from $145.00 to $155.00 and gave the company an "overweight" rating in a research note on Monday, August 17th. Truist Financial lowered their price target on shares of Dollar Tree from $142.00 to $107.00 and set a "buy" rating for the company in a research note on Wednesday, May 27th. Sanford C. Bernstein raised their price objective on Dollar Tree from $124.00 to $127.00 and gave the company a "market perform" rating in a research note on Friday, July 31st. Morgan Stanley lifted their price objective on Dollar Tree from $126.00 to $130.00 and gave the stock an "equal weight" rating in a report on Friday, May 29th. Finally, Freedom Capital cut Dollar Tree from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and a consensus price target of $123.41.

Dollar Tree Trading Up 4.0%

NASDAQ:DLTR opened at $136.75 on Tuesday. The company has a 50-day moving average price of $124.40 and a 200-day moving average price of $114.47. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.50 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, Inc. has a 12 month low of $84.71 and a 12 month high of $142.40.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.21. Dollar Tree had a return on equity of 35.19% and a net margin of 6.51%.The company had revenue of $4.98 billion for the quarter, compared to analysts' expectations of $4.96 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. Equities analysts predict that Dollar Tree, Inc. will post 7.02 EPS for the current year.

Dollar Tree announced that its Board of Directors has authorized a share buyback program on Thursday, July 2nd that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows 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 shares are undervalued.

Dollar Tree 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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