Engineers Gate Manager LP Sells 24,259 Shares of Dollar Tree, Inc. $DLTR

Engineers Gate Manager LP lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 69.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,620 shares of the company's stock after selling 24,259 shares during the period. Engineers Gate Manager LP's holdings in Dollar Tree were worth $1,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Dollar Tree during the second quarter worth about $2,643,741,000. Pzena Investment Management LLC acquired a new position in Dollar Tree during the second quarter worth $1,176,661,000. Primecap Management Co. CA purchased 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 shares of Dollar Tree during the second quarter worth $385,350,000. Finally, Norges Bank purchased a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $260,858,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Dollar Tree from $99.00 to $102.00 and gave the company a "hold" rating in a research note on Thursday, June 4th. Benchmark assumed coverage on shares of Dollar Tree in a research note on Wednesday, July 8th. They issued a "hold" rating on the stock. Jefferies Financial Group upgraded shares of Dollar Tree from a "moderate sell" rating to a "buy" rating in a research report on Wednesday, July 8th. Morgan Stanley increased their price target on shares of Dollar Tree from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, August 28th. Finally, Barclays lifted their price target on Dollar Tree from $140.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, September 4th. Eleven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $131.68.

Dollar Tree Trading Up 1.8%

Shares of Dollar Tree stock opened at $114.40 on Friday. Dollar Tree, Inc. has a fifty-two week low of $84.71 and a fifty-two week high of $142.40. The business has a fifty day simple moving average of $126.67 and a 200-day simple moving average of $114.16. The firm has a market cap of $21.46 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.04 and a beta of 0.66. 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 released its earnings results on Thursday, August 27th. The company reported $2.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $1.55. Dollar Tree had a return on equity of 38.61% and a net margin of 8.03%.The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. The company's revenue for the quarter was up 7.0% on a year-over-year basis. 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, equities analysts forecast that Dollar Tree, Inc. will post 7.95 EPS for the current fiscal year.

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

Insider Activity

In related news, Director Stephanie Stahl sold 1,185 shares of Dollar Tree stock in a transaction dated Friday, September 4th. The stock was 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 $537,580.83. This trade represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Aflatooni sold 2,500 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $126.01, for a total transaction of $315,025.00. Following the completion of the sale, the insider owned 24,820 shares in the company, valued at approximately $3,127,568.20. This trade represents a 9.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 7.10% of the stock is owned by corporate insiders.

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.

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.