BlackRock Inc. Takes $2.64 Billion Position in Dollar Tree, Inc. $DLTR

BlackRock Inc. bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,967,085 shares of the company's stock, valued at approximately $2,643,741,000. BlackRock Inc. owned approximately 11.95% of Dollar Tree as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in Dollar Tree in the 4th quarter worth approximately $25,000. Reflection Asset Management acquired a new position in Dollar Tree during the fourth quarter valued at approximately $25,000. Covestor Ltd raised its position in shares of Dollar Tree by 60.9% in the fourth quarter. Covestor Ltd now owns 222 shares of the company's stock valued at $27,000 after purchasing an additional 84 shares during the period. Basecamp Wealth Advisors LLC lifted its stake in shares of Dollar Tree by 59.9% in the first quarter. Basecamp Wealth Advisors LLC now owns 259 shares of the company's stock worth $28,000 after buying an additional 97 shares during the last quarter. Finally, Wilkerson Advisory Group LLC lifted its stake in shares of Dollar Tree by 80.1% in the first quarter. Wilkerson Advisory Group LLC now owns 263 shares of the company's stock worth $29,000 after buying an additional 117 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Trading Up 1.0%

Shares of Dollar Tree stock opened at $131.84 on Thursday. Dollar Tree, Inc. has a 52-week low of $84.71 and a 52-week high of $142.40. The firm has a market capitalization of $25.34 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.49 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 company's fifty day moving average price is $123.31 and its two-hundred day moving average price is $114.18.

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

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on DLTR shares. Gordon Haskett upgraded shares of Dollar Tree from a "reduce" rating to a "hold" rating and set a $115.00 target price on the stock in a research note on Thursday, June 4th. Wall Street Zen downgraded Dollar Tree from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. UBS Group reissued a "buy" rating on shares of Dollar Tree in a research report on Monday. Evercore upgraded Dollar Tree from a "hold" rating to an "outperform" rating in a research note on Wednesday, July 8th. Finally, Piper Sandler reduced their price objective on Dollar Tree from $116.00 to $101.00 and set a "neutral" rating for the company in a research report on Tuesday, May 26th. Ten research 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. According to MarketBeat, Dollar Tree presently has an average rating of "Hold" and an average target price of $123.41.

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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