Pallas Capital Advisors LLC Makes New $1.45 Million Investment in Dollar Tree, Inc. $DLTR

Key Points

• Pallas Capital Advisors initiated a $1.45 million position in Dollar Tree by purchasing 12,597 shares during the second quarter. Institutional investors collectively own 97.4% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $123.41, despite Wells Fargo raising its target to $155 and Evercore upgrading the stock to “Outperform.”
• Dollar Tree reported quarterly EPS of $1.74, exceeding estimates, while revenue rose 7.2% year over year to $4.98 billion. The company also authorized a $2.5 billion share repurchase plan, representing up to 10.7% of outstanding shares.

Pallas Capital Advisors LLC bought a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,597 shares of the company's stock, valued at approximately $1,450,000.

Several other hedge funds have also bought and sold shares of DLTR. Deutsche Bank AG bought a new position in shares of Dollar Tree during the 2nd quarter valued at approximately $86,387,000. Perigon Wealth Management LLC purchased a new position in Dollar Tree during the second quarter valued at $206,000. Trust Co. of Vermont bought a new stake in shares of Dollar Tree in the second quarter worth about $36,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Dollar Tree in the 2nd quarter worth approximately $54,015,000. Finally, OneDigital Investment Advisors LLC bought a new stake in Dollar Tree in the second quarter worth $325,000. Institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DLTR. The Goldman Sachs Group cut Dollar Tree from a "neutral" rating to a "hold" rating in a research note on Wednesday, July 8th. Wells Fargo & Company increased their price target on Dollar Tree from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Monday. Evercore raised shares of Dollar Tree from a "hold" rating to an "outperform" rating in a research note on Wednesday, July 8th. Freedom Capital lowered shares of Dollar Tree from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 28th. Finally, Sanford C. Bernstein lifted their price objective on Dollar Tree from $124.00 to $127.00 and gave the company a "market perform" rating in a report on Friday, July 31st. Ten 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $123.41.

Dollar Tree Stock Up 0.1%

Dollar Tree stock opened at $129.54 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.16 and a quick ratio of 0.39. The stock has a market capitalization of $24.89 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.48 and a beta of 0.64. The business has a fifty day moving average price of $122.51 and a 200-day moving average price of $113.99. Dollar Tree, Inc. has a 1-year low of $84.71 and a 1-year 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 (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.21. The firm had revenue of $4.98 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. Equities research analysts forecast that Dollar Tree, Inc. will post 7 EPS for the current fiscal year.

Dollar Tree declared that its board has initiated a share repurchase plan on Thursday, July 2nd that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors 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.

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