Equity Investment Corp Buys Shares of 882,256 Dollar Tree, Inc. $DLTR

Key Points

• Equity Investment Corp bought 882,256 Dollar Tree shares worth approximately $101.6 million, making up 1.9% of its portfolio and representing a 0.46% stake in the retailer.
• Analysts remain mixed, with Dollar Tree carrying a consensus “Hold” rating and an average price target of $123.41; individual targets range from $98 to $170.
• Dollar Tree exceeded quarterly earnings expectations, reporting $1.74 in EPS and $4.98 billion in revenue, while also authorizing a $2.5 billion share-repurchase program covering up to 10.7% of outstanding shares.

Equity Investment Corp purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 882,256 shares of the company's stock, valued at approximately $101,557,000. Dollar Tree comprises about 1.9% of Equity Investment Corp's portfolio, making the stock its 29th biggest position. Equity Investment Corp owned 0.46% of Dollar Tree at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in Dollar Tree by 3,237.4% during the first quarter. NewEdge Advisors LLC now owns 13,750 shares of the company's stock worth $1,032,000 after acquiring an additional 13,338 shares in the last quarter. Woodline Partners LP grew its stake in Dollar Tree by 40.7% in the first quarter. Woodline Partners LP now owns 17,078 shares of the company's stock valued at $1,282,000 after purchasing an additional 4,941 shares in the last quarter. Focus Partners Wealth grew 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 purchasing an additional 213 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Dollar Tree during the 2nd quarter worth approximately $257,000. Finally, CW Advisors LLC acquired a new position in shares of Dollar Tree during the 2nd quarter worth approximately $264,000. 97.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DLTR has been the subject of several recent analyst reports. Piper Sandler decreased their target price on shares of Dollar Tree from $116.00 to $101.00 and set a "neutral" rating for the company in a research note on Tuesday, May 26th. Truist Financial dropped their price target on shares of Dollar Tree from $142.00 to $107.00 and set a "buy" rating on the stock in a research report on Wednesday, May 27th. JPMorgan Chase & Co. increased their price target on shares of Dollar Tree from $160.00 to $170.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. Benchmark assumed coverage on shares of Dollar Tree in a research report on Wednesday, July 8th. They issued a "hold" rating for the company. Finally, BMO Capital Markets boosted their price objective on shares of Dollar Tree from $90.00 to $98.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $123.41.

Dollar Tree Trading Up 0.7%

DLTR stock opened at $130.48 on Wednesday. Dollar Tree, Inc. has a one year low of $84.71 and a one year high of $142.40. The stock has a market cap of $25.08 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.48 and a beta of 0.64. The company has a fifty day moving average price of $122.88 and a two-hundred day moving average price of $114.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.16 and a quick ratio of 0.39.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.21. The company had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.96 billion. Dollar Tree had a net margin of 6.51% and a return on equity of 35.19%. The company's revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. Equities analysts anticipate that Dollar Tree, Inc. will post 7 EPS for the current year.

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

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company's stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree's merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.

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