Envestnet Portfolio Solutions Inc. Purchases 44,411 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Envestnet Portfolio Solutions purchased 44,411 Dollar Tree shares worth approximately $5.37 million during the second quarter. Institutional investors now own 97.4% of the company.
• Analyst sentiment is mixed but improving: several firms upgraded Dollar Tree or raised price targets, while the overall consensus remains “Hold” with an average target of $131.68.
• Dollar Tree exceeded quarterly earnings expectations, reporting $2.70 EPS and $4.89 billion in revenue, while authorizing a $2.5 billion share repurchase program covering up to 10.7% of outstanding shares.

Envestnet Portfolio Solutions Inc. purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 44,411 shares of the company's stock, valued at approximately $5,372,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Evercore raised shares of Dollar Tree from a "hold" rating to an "outperform" rating in a research report on Wednesday, July 8th. Raymond James Financial reaffirmed an "outperform" rating and set a $145.00 target price on shares of Dollar Tree in a research note on Friday, August 28th. Barclays boosted their price target 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. Jefferies Financial Group raised shares of Dollar Tree from a "moderate sell" rating to a "buy" rating in a research note on Wednesday, July 8th. Finally, Freedom Capital lowered shares of Dollar Tree from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 28th. 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $131.68.

Insiders Place Their Bets

In other 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 transaction, the director owned 4,089 shares of the company's stock, valued at $537,580.83. The trade was a 22.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Aflatooni sold 2,500 shares of the company'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 completion of the transaction, the insider owned 24,820 shares in the company, valued at approximately $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. Corporate insiders own 7.10% of the company's stock.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $113.50 on Friday. Dollar Tree, Inc. has a 12 month low of $84.71 and a 12 month high of $142.40. The stock has a market cap of $21.30 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.06 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. The company's fifty day moving average price is $125.37 and its 200-day moving average price is $114.01.

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, topping analysts' consensus estimates of $1.15 by $1.55. Dollar Tree had a net margin of 8.03% and a return on equity of 38.61%. The business had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. The business's 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. On average, equities analysts expect that Dollar Tree, Inc. will post 7.95 EPS for the current fiscal 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 usually an indication that the company's board believes its stock is undervalued.

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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