Wedge Capital Management L L P NC Purchases New Shares in Dollar Tree, Inc. $DLTR

Key Points

• Wedge Capital Management bought 56,549 Dollar Tree shares worth approximately $6.84 million, while institutional investors collectively own 97.4% of the company.
• Analyst sentiment is mixed: 10 analysts rate DLTR a Buy, 12 a Hold and four a Sell, producing a consensus Hold rating and an average price target of $122.95.
• Dollar Tree beat quarterly earnings expectations with $1.74 in EPS and $4.98 billion in revenue, while its board authorized a $2.5 billion share repurchase plan covering up to 10.7% of outstanding shares.

Wedge Capital Management L L P NC acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 56,549 shares of the company's stock, valued at approximately $6,840,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DLTR. Cetera Investment Advisers lifted its holdings in shares of Dollar Tree by 0.4% in the 4th quarter. Cetera Investment Advisers now owns 21,420 shares of the company's stock valued at $2,635,000 after acquiring an additional 79 shares during the last quarter. Optimize Financial Inc increased its stake in Dollar Tree by 1.4% during the fourth quarter. Optimize Financial Inc now owns 6,000 shares of the company's stock worth $738,000 after acquiring an additional 84 shares during the last quarter. Covestor Ltd raised its position in Dollar Tree by 60.9% during the fourth quarter. Covestor Ltd now owns 222 shares of the company's stock valued at $27,000 after purchasing an additional 84 shares during the period. Root Financial Partners LLC raised its position in Dollar Tree by 27.6% during the fourth quarter. Root Financial Partners LLC now owns 393 shares of the company's stock valued at $48,000 after purchasing an additional 85 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its stake in shares of Dollar Tree by 7.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,208 shares of the company's stock valued at $149,000 after purchasing an additional 86 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLTR has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Dollar Tree from $160.00 to $170.00 and gave the stock an "overweight" rating in a report on Monday, July 6th. Freedom Capital downgraded Dollar Tree from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 28th. Raymond James Financial raised shares of Dollar Tree from a "market perform" rating to an "outperform" rating and set a $140.00 price objective for the company in a research note on Wednesday, July 8th. Barclays cut shares of Dollar Tree from an "overweight" rating to a "strong sell" rating in a research report on Wednesday, July 8th. Finally, BNP Paribas Exane increased their target price on shares of Dollar Tree from $88.00 to $98.00 and gave the company an "underperform" rating in a research note on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $122.95.

Dollar Tree Trading Up 0.4%

Shares of NASDAQ DLTR opened at $128.61 on Thursday. Dollar Tree, Inc. has a fifty-two week low of $84.71 and a fifty-two week high of $142.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.39 and a current ratio of 1.16. The company has a market cap of $24.72 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.46 and a beta of 0.64. The business's 50 day moving average price is $121.26 and its 200-day moving average price is $113.91.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.53 by $0.21. Dollar Tree had a return on equity of 35.19% and a net margin of 6.51%.The company had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the prior year, the company posted $1.26 EPS. Dollar Tree's quarterly revenue was up 7.2% on a year-over-year basis. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. On average, sell-side analysts expect that Dollar Tree, Inc. will post 7 earnings per share for the current year.

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