Dollar Tree, Inc. $DLTR Shares Sold by Mattern Capital Management LLC

Mattern Capital Management LLC cut its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 49.4% in the first quarter, HoldingsChannel reports. The firm owned 6,853 shares of the company’s stock after selling 6,696 shares during the period. Mattern Capital Management LLC’s holdings in Dollar Tree were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp grew its position in Dollar Tree by 3.5% during the 3rd quarter. State Street Corp now owns 9,421,856 shares of the company’s stock worth $889,141,000 after purchasing an additional 319,938 shares during the period. Alliancebernstein L.P. raised its stake in shares of Dollar Tree by 176.9% during the 2nd quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock valued at $371,026,000 after buying an additional 2,393,172 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Dollar Tree by 1.5% in the 4th quarter. Invesco Ltd. now owns 2,719,303 shares of the company’s stock valued at $334,501,000 after buying an additional 39,506 shares during the period. Norges Bank purchased a new stake in shares of Dollar Tree in the fourth quarter worth about $260,858,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Dollar Tree by 4.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,821,852 shares of the company’s stock worth $224,106,000 after buying an additional 81,695 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Piper Sandler reduced their price target on Dollar Tree from $116.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Morgan Stanley upped their price objective on Dollar Tree from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. UBS Group reaffirmed a “buy” rating on shares of Dollar Tree in a research note on Friday. JPMorgan Chase & Co. lifted their price target on Dollar Tree from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Bank of America reiterated an “underperform” rating on shares of Dollar Tree in a research note on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and an average price target of $122.68.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $124.56 on Wednesday. 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 firm has a market cap of $23.94 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.44 and a beta of 0.65. Dollar Tree, Inc. has a one year low of $84.71 and a one year high of $142.40. The firm’s 50 day moving average price is $108.85 and its 200-day moving average price is $114.53.

Dollar Tree (NASDAQ:DLTR) last posted 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. The business had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.96 billion. Dollar Tree had a net margin of 6.51% and a return on equity of 35.19%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 earnings per share. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. As a group, equities research analysts predict that Dollar Tree, Inc. will post 7 EPS for the current year.

Dollar Tree announced that its board has initiated a stock buyback program on Thursday, July 2nd that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are 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.