Dollar Tree, Inc. $DLTR Shares Purchased by Arizona State Retirement System

Key Points

• Arizona State Retirement System increased its Dollar Tree position by 88.2% in the second quarter, bringing its holdings to 96,587 shares valued at approximately $11.7 million. Institutional investors collectively own 97.4% of the company.
• Dollar Tree reported strong quarterly results, with adjusted earnings of $2.70 per share beating estimates of $1.15 and revenue rising 7% year over year to $4.89 billion. The company maintained fiscal 2026 earnings guidance of $7.70–$8.05 per share.
• The board authorized a $2.5 billion share-repurchase program, covering up to 10.7% of outstanding shares. Despite bullish targets from Barclays and JPMorgan, analysts’ overall rating remains “Hold,” with a consensus price target of $131.68.

Arizona State Retirement System raised its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 88.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,587 shares of the company's stock after purchasing an additional 45,255 shares during the quarter. Arizona State Retirement System owned about 0.05% of Dollar Tree worth $11,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of DLTR. California State Teachers Retirement System increased its stake in Dollar Tree by 13,223.3% in the 2nd quarter. California State Teachers Retirement System now owns 34,952,131 shares of the company's stock worth $4,227,460,000 after purchasing an additional 34,689,793 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Dollar Tree during the 2nd quarter valued at $2,643,741,000. Pzena Investment Management LLC acquired a new position in Dollar Tree in the 2nd quarter worth about $1,176,661,000. Primecap Management Co. CA bought a new position in Dollar Tree during the second quarter valued at approximately $455,845,000. Finally, Bank of America Corp DE acquired a new stake in shares of Dollar Tree in the 2nd quarter valued at $385,350,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Trading Down 4.6%

DLTR opened at $118.39 on Thursday. The stock has a market capitalization of $22.21 billion, a P/E ratio of 14.46, a P/E/G ratio of 1.16 and a beta of 0.66. 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, Inc. has a 12 month low of $84.71 and a 12 month high of $142.40. The firm's fifty day simple moving average is $127.49 and its 200 day simple moving average is $114.74.

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

Dollar Tree declared that its Board of Directors has approved a stock buyback program on Thursday, July 2nd that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $131.47, for a total value of $155,791.95. Following the completion of the sale, the director directly owned 4,089 shares in the company, valued at approximately $537,580.83. This trade represents a 22.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert Aflatooni sold 2,500 shares of Dollar Tree stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $126.01, for a total value of $315,025.00. Following the transaction, the insider owned 24,820 shares of the company's stock, valued at $3,127,568.20. The trade was a 9.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 7.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on DLTR. Bank of America reiterated an "underperform" rating on shares of Dollar Tree in a research note on Thursday, May 28th. The Goldman Sachs Group reiterated a "neutral" rating and set a $131.00 price objective on shares of Dollar Tree in a research note on Monday, August 31st. Barclays boosted their target price on Dollar Tree from $140.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, September 4th. JPMorgan Chase & Co. increased their price objective on shares of Dollar Tree from $160.00 to $170.00 and gave the stock an "overweight" rating in a report on Monday, July 6th. Finally, Freedom Capital downgraded Dollar Tree from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 28th. Eleven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $131.68.

About Dollar Tree

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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