Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 535,970 Dollar Tree, Inc. $DLTR

Key Points

• Mitsubishi UFJ Asset Management acquired 535,970 Dollar Tree shares worth approximately $61.7 million, representing about 0.28% of the company. Institutional investors and hedge funds collectively own 97.4% of Dollar Tree.
• Analyst sentiment remains mixed, with 10 Buy, 12 Hold, and 4 Sell ratings; the consensus rating is Hold with an average price target of $123.41. The stock opened at $131.84, above that target.
• Dollar Tree exceeded quarterly earnings expectations, reporting $1.74 in EPS versus the $1.53 consensus and $4.98 billion in revenue. Its board also authorized a $2.5 billion share-repurchase program, covering up to 10.7% of outstanding shares.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 535,970 shares of the company's stock, valued at approximately $61,696,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.28% of Dollar Tree at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wealthfront Advisers LLC boosted its holdings in shares of Dollar Tree by 13.7% in the 1st quarter. Wealthfront Advisers LLC now owns 76,985 shares of the company's stock valued at $8,431,000 after buying an additional 9,288 shares during the period. Hanseatic Management Services Inc. bought a new stake in shares of Dollar Tree during the 1st quarter valued at about $950,000. Arrowstreet Capital Limited Partnership raised its stake in Dollar Tree by 4.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,821,852 shares of the company's stock worth $224,106,000 after acquiring an additional 81,695 shares during the period. Capital International Inc. CA raised its stake in Dollar Tree by 1,920.0% during the fourth quarter. Capital International Inc. CA now owns 116,109 shares of the company's stock worth $14,283,000 after acquiring an additional 110,361 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in Dollar Tree by 10.4% in the first quarter. Hsbc Holdings PLC now owns 646,333 shares of the company's stock worth $70,363,000 after acquiring an additional 60,955 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DLTR. Morgan Stanley boosted their price objective on Dollar Tree from $126.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, May 29th. Wells Fargo & Company boosted their price target on shares of Dollar Tree from $145.00 to $155.00 and gave the company an "overweight" rating in a report on Monday. Evercore upgraded shares of Dollar Tree from a "hold" rating to an "outperform" rating in a research report on Wednesday, July 8th. The Goldman Sachs Group cut shares of Dollar Tree from a "neutral" rating to a "hold" rating in a report on Wednesday, July 8th. Finally, Guggenheim lifted their price objective on shares of Dollar Tree from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of "Hold" and an average price target of $123.41.

Dollar Tree Trading Up 1.0%

Shares of Dollar Tree stock opened at $131.84 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.16 and a debt-to-equity ratio of 0.84. The firm has a market cap of $25.34 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 1.49 and a beta of 0.64. The business has a fifty day simple moving average of $123.31 and a 200-day simple moving average of $114.18. Dollar Tree, Inc. has a fifty-two week low of $84.71 and a fifty-two week high of $142.40.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results 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 business had revenue of $4.98 billion during 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 company's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.26 earnings per share. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. On average, equities analysts forecast that Dollar Tree, Inc. will post 7 EPS for the current fiscal year.

Dollar Tree declared that its board has authorized a stock buyback plan on Thursday, July 2nd that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Dollar Tree 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.

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