Ridgewood Investments LLC Purchases 9,796 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Ridgewood Investments acquired 9,796 Dollar Tree shares worth approximately $1.12 million, while institutional investors collectively own 97.4% of the stock.
• Dollar Tree reported quarterly EPS of $2.70, significantly above the $1.15 analyst estimate, with revenue rising 7% year over year to $4.89 billion.
• Analysts maintain a consensus “Hold” rating with a $131.83 price target, while Dollar Tree has authorized a $2.5 billion share-buyback program covering up to 10.7% of outstanding shares.

Ridgewood Investments LLC acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,796 shares of the company's stock, valued at approximately $1,117,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Dollar Tree during the second quarter valued at about $2,643,741,000. Pzena Investment Management LLC acquired a new position in shares of Dollar Tree in the 2nd quarter worth approximately $1,176,661,000. Primecap Management Co. CA purchased a new position in shares of Dollar Tree during the 2nd quarter worth approximately $455,845,000. Bank of America Corp DE purchased a new position in shares of Dollar Tree during the 2nd quarter worth approximately $385,350,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Dollar Tree by 4.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,821,852 shares of the company's stock valued at $224,106,000 after purchasing an additional 81,695 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the business's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $131.47, for a total transaction of $155,791.95. Following the completion of the transaction, the director directly owned 4,089 shares of the company's stock, valued at approximately $537,580.83. The trade was a 22.47% decrease in their ownership of the stock. 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 the firm's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $126.01, for a total transaction of $315,025.00. Following the completion of the sale, the insider directly owned 24,820 shares in the company, valued at approximately $3,127,568.20. This trade represents a 9.15% decrease in their position. The SEC filing for this sale provides additional information. 7.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Sanford C. Bernstein reissued a "market perform" rating and issued a $130.00 target price on shares of Dollar Tree in a research report on Friday, August 28th. UBS Group lifted their price objective on Dollar Tree from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Jefferies Financial Group upgraded Dollar Tree from a "moderate sell" rating to a "buy" rating in a report on Wednesday, July 8th. Truist Financial increased their target price on Dollar Tree from $136.00 to $138.00 and gave the stock a "buy" rating in a research note on Tuesday, August 25th. Finally, Loop Capital upgraded Dollar Tree from a "hold" rating to a "buy" rating and raised their target price for the company from $130.00 to $140.00 in a report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $131.83.

Dollar Tree Stock Up 0.9%

DLTR stock traded up $1.03 during midday trading on Monday, hitting $113.19. The company's stock had a trading volume of 2,193,816 shares, compared to its average volume of 3,189,911. The firm has a 50-day simple moving average of $124.28 and a 200-day simple moving average of $114.04. The firm has a market capitalization of $21.24 billion, a P/E ratio of 13.82, a PEG ratio of 1.04 and a beta of 0.71. The company has a quick ratio of 0.39, a current ratio of 1.13 and a debt-to-equity ratio of 0.86. Dollar Tree, Inc. has a 52-week low of $84.71 and a 52-week 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 business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.86 billion. Dollar Tree had a return on equity of 38.61% and a net margin of 8.03%.The company's revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $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, equities analysts forecast that Dollar Tree, Inc. will post 7.93 EPS for the current year.

Dollar Tree announced that its Board of Directors has approved a share buyback plan on Thursday, July 2nd that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Dollar Tree Profile

Dollar Tree, Inc operates discount variety stores under the Dollar Tree brand in the United States and Canada. Its stores offer a broad selection of everyday merchandise, including household supplies, food and beverages, health and personal-care products, seasonal items, toys, party supplies, and arts and crafts products.

The company's Dollar Tree stores historically focused on merchandise priced at a fixed dollar point and have expanded to include multiple price points through initiatives such as Dollar Tree Plus.

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.