Old North State Wealth Management LLC Buys New Stake in Dollar Tree, Inc. $DLTR

Key Points

• Old North State Wealth Management acquired 72,108 Dollar Tree shares worth approximately $8.22 million, making DLTR its seventh-largest portfolio holding at 3.1%. Institutional investors and hedge funds collectively own 97.4% of the stock.
• Analysts maintain a mixed outlook: Dollar Tree has an overall “Hold” consensus rating and a $133.14 average price target, with 11 Buy, 13 Hold, and 2 Sell ratings.
• Dollar Tree reported quarterly earnings of $2.70 per share, well above the $1.15 estimate, while revenue rose 7% year over year to $4.89 billion. The company also authorized a $2.5 billion share-repurchase program, covering up to 10.7% of outstanding shares.

Old North State Wealth Management LLC bought a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 72,108 shares of the company's stock, valued at approximately $8,222,000. Dollar Tree makes up about 3.1% of Old North State Wealth Management LLC's investment portfolio, making the stock its 7th biggest position.

Several other large investors have also recently made changes to their positions in DLTR. Root Financial Partners LLC acquired a new stake in Dollar Tree during the third quarter valued at $261,000. SBI Securities Co. Ltd. increased its holdings in Dollar Tree by 485.1% in the third quarter. SBI Securities Co. Ltd. now owns 1,141 shares of the company's stock valued at $130,000 after buying an additional 946 shares in the last quarter. Cardinal Point Capital Management ULC purchased a new position in Dollar Tree in the third quarter valued at $480,000. Vest Financial LLC acquired a new position in shares of Dollar Tree in the third quarter worth about $62,603,000. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Dollar Tree during the 3rd quarter worth about $23,844,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLTR has been the topic of several recent analyst reports. BMO Capital Markets reissued a "market perform" rating and set a $135.00 target price on shares of Dollar Tree in a research note on Friday, August 28th. Sanford C. Bernstein restated a "market perform" rating and issued a $130.00 price target on shares of Dollar Tree in a research note on Friday, August 28th. Wall Street Zen raised Dollar Tree from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Piper Sandler upped their price target on Dollar Tree from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Monday, August 31st. Finally, UBS Group increased their price target on Dollar Tree from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Eleven analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Dollar Tree presently has an average rating of "Hold" and a consensus price target of $133.14.

Insider Transactions at Dollar Tree

In related news, Director Stephanie Stahl sold 1,185 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $131.47, for a total value of $155,791.95. Following the transaction, the director directly owned 4,089 shares of the company's stock, valued at approximately $537,580.83. This trade represents a 22.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Aflatooni sold 2,500 shares of Dollar Tree stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $126.01, for a total value 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. The trade was a 9.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 7.10% of the stock is owned by insiders.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $131.04 on Friday. The firm has a market cap of $24.59 billion, a PE ratio of 16.00, a PEG ratio of 1.16 and a beta of 0.71. The firm has a fifty day moving average of $122.08 and a 200 day moving average of $115.35. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.39 and a current ratio of 1.13. Dollar Tree, Inc. has a one year low of $85.88 and a one year high of $142.40.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted 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. The company had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.86 billion. Dollar Tree had a net margin of 8.03% and a return on equity of 38.61%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share. 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. As a group, research analysts predict that Dollar Tree, Inc. will post 7.93 EPS for the current fiscal year.

Dollar Tree declared that its Board of Directors has approved a share repurchase plan on Thursday, July 2nd that permits the company to repurchase $2.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Share buyback plans are usually a sign that the company's board believes its shares are undervalued.

Dollar Tree Profile

Dollar Tree, Inc NASDAQ: DLTR is a discount retailer that operates stores under the Dollar Tree brand in the United States and Canada. Its stores offer a broad selection of merchandise at value-oriented prices, including consumable products, household supplies, health and personal-care items, seasonal goods, toys, party supplies, crafts, and other general merchandise.

The company traces its history to 1986, when its first store opened in Norfolk, Virginia. It later expanded through organic growth and acquisitions, including its 2015 acquisition of Family Dollar, a chain serving primarily urban and rural communities with everyday household and grocery products.

Dollar Tree announced plans to separate from the Family Dollar business and completed the sale in 2025.

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