1,448,222 Shares in Dollar Tree, Inc. $DLTR Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,448,222 shares of the company’s stock, valued at approximately $166,705,000. Legal & General Group Plc owned 0.75% of Dollar Tree as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in DLTR. Cullen Frost Bankers Inc. bought a new position in shares of Dollar Tree in the fourth quarter worth $25,000. Reflection Asset Management purchased a new position in shares of Dollar Tree in the fourth quarter valued at $25,000. Covestor Ltd raised its stake in shares of Dollar Tree by 60.9% during the 4th 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. Basecamp Wealth Advisors LLC lifted its holdings in Dollar Tree by 59.9% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 259 shares of the company’s stock worth $28,000 after purchasing an additional 97 shares in the last quarter. Finally, Wilkerson Advisory Group LLC lifted its holdings in Dollar Tree by 80.1% during the 1st quarter. Wilkerson Advisory Group LLC now owns 263 shares of the company’s stock worth $29,000 after purchasing an additional 117 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree News Roundup

Here are the key news stories impacting Dollar Tree this week:

• Positive Sentiment: Analyst support remains favorable. Truist raised its price target from $136 to $138 while maintaining a Buy rating, and Telsey Advisory initiated or reiterated a Buy view. These actions suggest analysts see additional upside after the company’s recent momentum. Truist Dollar Tree price target article Telsey Advisory Buy article
• Positive Sentiment: Prior earnings momentum and potential for a beat are supporting sentiment. Dollar Tree’s latest reported quarter exceeded consensus estimates for both earnings and revenue, with sales growing year over year. Zacks is also highlighting the company among retailers that could outperform quarterly expectations, although this is a screening signal rather than a confirmed forecast. Zacks earnings article
• Neutral Sentiment: Options traders expect substantial volatility. Options pricing implies a potential move of roughly 9% following the earnings release, indicating that investors anticipate a meaningful reaction to guidance, traffic, margins and consumer spending trends. Dollar Tree options volatility article
• Negative Sentiment: Technical resistance and profit-taking may be limiting the stock. After a strong recent advance, technical analysts identify potential resistance near $141.50. Investors may be locking in gains or waiting for earnings confirmation, which helps explain the stock’s recent decrease despite positive analyst commentary. Dollar Tree technical analysis article

Dollar Tree Price Performance

Dollar Tree stock opened at $132.18 on Thursday. The stock has a market cap of $25.40 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.53 and a beta of 0.64. 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 business has a 50-day simple moving average of $125.40 and a 200 day simple moving average of $114.65. Dollar Tree, Inc. has a 52 week low of $84.71 and a 52 week high of $142.40.

Dollar Tree (NASDAQ:DLTR) last released its quarterly 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 firm had revenue of $4.98 billion for 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 revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 EPS. On average, research analysts forecast that Dollar Tree, Inc. will post 7.02 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Evercore raised Dollar Tree from a “hold” rating to an “outperform” rating in a report on Wednesday, July 8th. Truist Financial increased their price target on shares of Dollar Tree from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday. Raymond James Financial upgraded 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 report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price objective on shares of Dollar Tree from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Dollar Tree from $99.00 to $102.00 and gave the stock a “hold” rating in a report on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $125.27.

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.