California State Teachers Retirement System Has $4.23 Billion Stock Holdings in Dollar Tree, Inc. $DLTR

Key Points

• California State Teachers Retirement System increased its Dollar Tree stake by 13,223.3% in the second quarter, holding 34.95 million shares worth approximately $4.23 billion, or 18.19% of the company.
• Dollar Tree reported quarterly EPS of $2.70, well above the $1.15 consensus estimate, while revenue rose 7% year over year to $4.89 billion. The company issued fiscal 2026 EPS guidance of $7.70 to $8.05.
• Analyst sentiment remains mixed, with an average rating of “Hold” and a $131.68 price target, despite several firms raising their targets. Dollar Tree also authorized a $2.5 billion stock buyback, covering up to 10.7% of shares outstanding.

California State Teachers Retirement System boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 13,223.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,952,131 shares of the company's stock after purchasing an additional 34,689,793 shares during the quarter. California State Teachers Retirement System owned about 18.19% of Dollar Tree worth $4,227,460,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in shares of Dollar Tree by 3,237.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,750 shares of the company's stock valued at $1,032,000 after buying an additional 13,338 shares in the last quarter. Woodline Partners LP raised its holdings in Dollar Tree by 40.7% during the 1st quarter. Woodline Partners LP now owns 17,078 shares of the company's stock worth $1,282,000 after buying an additional 4,941 shares during the period. Focus Partners Wealth lifted its stake in Dollar Tree by 2.0% in the first quarter. Focus Partners Wealth now owns 10,646 shares of the company's stock valued at $799,000 after buying an additional 213 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Dollar Tree in the second quarter valued at approximately $257,000. Finally, CW Advisors LLC acquired a new position in shares of Dollar Tree in the second quarter valued at approximately $264,000. Institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DLTR shares. Wall Street Zen upgraded shares of Dollar Tree from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Truist Financial upped their target price on shares of Dollar Tree from $136.00 to $138.00 and gave the stock a "buy" rating in a research note on Tuesday, August 25th. Wells Fargo & Company increased their price objective on Dollar Tree from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Monday, August 17th. Barclays raised their target price on shares of Dollar Tree from $140.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, September 4th. Finally, Raymond James Financial restated an "outperform" rating and issued a $145.00 price target on shares of Dollar Tree in a research note on Friday, August 28th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $131.68.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $118.39 on Thursday. Dollar Tree, Inc. has a 12-month low of $84.71 and a 12-month high of $142.40. The firm has a market capitalization of $22.21 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 1.16 and a beta of 0.66. The stock's 50 day moving average price is $127.49 and its two-hundred day moving average price is $114.74. The company has a quick ratio of 0.39, a current ratio of 1.13 and a debt-to-equity ratio of 0.86.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $1.15 by $1.55. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.86 billion. Dollar Tree had a return on equity of 38.61% and a net margin of 8.03%.The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. 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. On average, analysts anticipate that Dollar Tree, Inc. will post 7.84 earnings per share for the current year.

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

Insiders Place Their Bets

In other Dollar Tree 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 transaction, the director directly owned 4,089 shares in the company, valued at $537,580.83. The trade was a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Aflatooni sold 2,500 shares of the company's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $126.01, for a total transaction of $315,025.00. Following the completion of the transaction, the insider owned 24,820 shares in the company, valued at approximately $3,127,568.20. This represents a 9.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 7.10% of the company's stock.

Dollar Tree 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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