BlackRock Inc. Invests $1.93 Billion in Dollar Tree, Inc. $DLTR

Key Points

• BlackRock acquired 15.9 million Dollar Tree shares worth approximately $1.93 billion, giving it an 8.29% stake. Institutional investors collectively own 97.4% of the company.
• Dollar Tree reported quarterly EPS of $1.74, exceeding estimates of $1.53, while revenue rose 7.2% year over year to $4.98 billion.
• The company authorized a $2.5 billion share buyback, covering up to 10.7% of outstanding shares. Despite recent analyst upgrades and downgrades, the stock carries a consensus “Hold” rating with a $123.41 price target.

BlackRock Inc. purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,926,906 shares of the company's stock, valued at approximately $1,926,359,000. BlackRock Inc. owned 8.29% of Dollar Tree as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Dollar Tree by 3.5% in the 3rd quarter. State Street Corp now owns 9,421,856 shares of the company's stock valued at $889,141,000 after buying an additional 319,938 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Dollar Tree by 176.9% during the 2nd quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company's stock valued at $371,026,000 after buying an additional 2,393,172 shares during the period. Invesco Ltd. boosted its stake in shares of Dollar Tree by 1.5% during the 4th quarter. Invesco Ltd. now owns 2,719,303 shares of the company's stock valued at $334,501,000 after buying an additional 39,506 shares during the period. Norges Bank purchased a new position in shares of Dollar Tree during the 4th quarter valued at $260,858,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Dollar Tree by 4.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,821,852 shares of the company's stock valued at $224,106,000 after acquiring an additional 81,695 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 1.0%

Dollar Tree stock opened at $131.84 on Thursday. 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 1-year low of $84.71 and a 1-year high of $142.40. The firm's fifty day simple moving average is $123.31 and its 200-day simple moving average is $114.18. The company has a market capitalization of $25.34 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.49 and a beta of 0.64.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.21. The firm had revenue of $4.98 billion during the quarter, compared to analysts' expectations of $4.96 billion. Dollar Tree had a net margin of 6.51% and a return on equity of 35.19%. Dollar Tree's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 7 earnings per share for the current fiscal year.

Dollar Tree declared that its Board of Directors has approved a share buyback plan on Thursday, July 2nd that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DLTR. The Goldman Sachs Group lowered Dollar Tree from a "neutral" rating to a "hold" rating in a report on Wednesday, July 8th. Morgan Stanley boosted their target price 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. Evercore raised Dollar Tree from a "hold" rating to an "outperform" rating in a research report on Wednesday, July 8th. Bank of America reaffirmed an "underperform" rating on shares of Dollar Tree in a research note on Thursday, May 28th. Finally, Freedom Capital lowered 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 issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $123.41.

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.

Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source