Kiltearn Partners LLP Purchases New Position in Dollar Tree, Inc. $DLTR

Key Points

• Kiltearn Partners LLP purchased 274,047 Dollar Tree shares worth approximately $31.5 million, making DLTR 7.7% of its portfolio and its fourth-largest holding. Institutional investors collectively own 97.4% of the company.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” from 26 analysts and an average price target of $123.41, despite recent upgrades from Raymond James and Wall Street Zen.
• Dollar Tree exceeded quarterly earnings expectations, reporting $1.74 in EPS versus $1.53 forecast, while approving a $2.5 billion share-buyback program covering up to 10.7% of outstanding shares.

Kiltearn Partners LLP purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 274,047 shares of the company's stock, valued at approximately $31,546,000. Dollar Tree comprises 7.7% of Kiltearn Partners LLP's investment portfolio, making the stock its 4th largest position. Kiltearn Partners LLP owned approximately 0.14% of Dollar Tree as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLTR. Bank of Nova Scotia bought a new position in shares of Dollar Tree in the second quarter valued at approximately $1,801,000. Compass Financial Management LLC purchased a new position in shares of Dollar Tree during the second quarter valued at approximately $95,000. Elevation Point Wealth Partners LLC bought a new stake in Dollar Tree during the second quarter worth $611,000. Daiichi Life Insurance Co. Ltd. bought a new stake in Dollar Tree during the second quarter worth $972,000. Finally, Commerce Bank purchased a new stake in Dollar Tree in the 2nd quarter valued at $690,000. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Freedom Capital cut Dollar Tree from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 28th. Raymond James Financial upgraded shares of Dollar Tree from a "market perform" rating to an "outperform" rating and set a $140.00 target price for the company in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of Dollar Tree from a "hold" rating to a "buy" rating in a research note on Saturday. Weiss Ratings upgraded shares of Dollar Tree from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, June 18th. Finally, Gordon Haskett raised shares of Dollar Tree from a "reduce" rating to a "hold" rating and set a $115.00 price target on the stock in a research report on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Dollar Tree has a consensus rating of "Hold" and a consensus price target of $123.41.

Dollar Tree Stock Performance

Shares of DLTR opened at $131.48 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.39 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $25.27 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 1.50 and a beta of 0.64. The stock has a 50 day moving average of $123.93 and a 200 day moving average of $114.37. Dollar Tree, Inc. has a 12 month low of $84.71 and a 12 month high of $142.40.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.21. The business had revenue of $4.98 billion for the quarter, compared to analysts' expectations of $4.96 billion. Dollar Tree had a return on equity of 35.19% and a net margin of 6.51%.The business's revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 7.02 earnings per share for the current year.

Dollar Tree declared that its Board of Directors has authorized a share buyback program on Thursday, July 2nd that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

About Dollar Tree

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.

Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source