Dollar Tree, Inc. $DLTR Stake Increased by Confluence Investment Management LLC

Key Points

• Confluence Investment Management increased its Dollar Tree stake by 963.7% in the third quarter, purchasing 1.29 million additional shares to own 1.43 million shares valued at approximately $162.7 million.
• Institutional investors hold 97.4% of Dollar Tree’s outstanding stock, while several major firms—including BlackRock, Pzena Investment Management, and Norges Bank—also established or expanded positions.
• Dollar Tree beat quarterly earnings expectations with $2.70 in EPS and $4.89 billion in revenue; analysts maintain a consensus “Hold” rating with an average price target of $131.83, while the company authorized a $2.5 billion share-repurchase program.

Confluence Investment Management LLC boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 963.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,426,856 shares of the company's stock after purchasing an additional 1,292,713 shares during the quarter. Dollar Tree makes up 2.5% of Confluence Investment Management LLC's investment portfolio, making the stock its 5th largest position. Confluence Investment Management LLC owned about 0.76% of Dollar Tree worth $162,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DLTR. BlackRock Inc. bought a new position in shares of Dollar Tree in the second quarter valued at approximately $2,643,741,000. Pzena Investment Management LLC bought a new stake in Dollar Tree during the 2nd quarter worth approximately $1,176,661,000. Primecap Management Co. CA bought a new stake in Dollar Tree during the 2nd quarter worth approximately $455,845,000. Bank of America Corp DE purchased a new stake in Dollar Tree in the 2nd quarter worth approximately $385,350,000. Finally, Norges Bank purchased a new stake in Dollar Tree in the 4th quarter worth approximately $260,858,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 2,500 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $126.01, for a total transaction of $315,025.00. Following the transaction, the insider directly owned 24,820 shares of the company's stock, valued at approximately $3,127,568.20. This trade represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephanie Stahl sold 1,185 shares of the business'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 of the company's stock, valued at approximately $537,580.83. This trade represents a 22.47% 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.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Gordon Haskett upgraded shares of Dollar Tree from a "reduce" rating to a "hold" rating and set a $115.00 price target for the company in a research report on Thursday, June 4th. Raymond James Financial reissued an "outperform" rating and set a $145.00 price objective on shares of Dollar Tree in a research note on Friday, August 28th. Wall Street Zen upgraded Dollar Tree from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. The Goldman Sachs Group restated a "neutral" rating and issued a $131.00 target price on shares of Dollar Tree in a research note on Monday, August 31st. Finally, Benchmark started coverage on Dollar Tree in a research report on Wednesday, July 8th. They set a "hold" rating for the company. Eleven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $131.83.

Dollar Tree Price Performance

DLTR stock traded up $1.07 during mid-day trading on Thursday, hitting $115.09. 529,555 shares of the stock were exchanged, compared to its average volume of 3,196,070. The business has a fifty day moving average price of $124.51 and a 200 day moving average price of $114.01. Dollar Tree, Inc. has a 12 month low of $84.71 and a 12 month high of $142.40. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.13 and a quick ratio of 0.39. The stock has a market capitalization of $21.59 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 1.05 and a beta of 0.66.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $2.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $1.55. The company had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.86 billion. Dollar Tree had a return on equity of 38.61% and a net margin of 8.03%.Dollar Tree's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm 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, sell-side analysts anticipate that Dollar Tree, Inc. will post 7.93 EPS for the current year.

Dollar Tree declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 2nd that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

About Dollar Tree

Dollar Tree, Inc operates discount variety stores under the Dollar Tree brand in the United States and Canada. Its stores offer a broad selection of everyday merchandise, including household supplies, food and beverages, health and personal-care products, seasonal items, toys, party supplies, and arts and crafts products.

The company's Dollar Tree stores historically focused on merchandise priced at a fixed dollar point and have expanded to include multiple price points through initiatives such as Dollar Tree Plus.

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