Douglas Lane & Associates LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 120,686 shares of the company’s stock, valued at approximately $13,761,000. Douglas Lane & Associates LLC owned approximately 0.06% of Dollar Tree at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Dollar Tree during the 2nd quarter worth approximately $2,643,741,000. Pzena Investment Management LLC bought a new position in Dollar Tree in the second quarter worth $1,176,661,000. Primecap Management Co. CA acquired a new stake in Dollar Tree during the second quarter worth $455,845,000. Bank of America Corp DE bought a new stake in Dollar Tree in the 2nd quarter valued at $385,350,000. Finally, Caisse de depot et placement du Quebec bought a new stake in Dollar Tree in the 2nd quarter valued at $205,631,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Dollar Tree
In related news, insider Robert Aflatooni sold 2,500 shares of Dollar Tree stock in a transaction dated 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 owned 24,820 shares of the company’s stock, valued at approximately $3,127,568.20. The trade was a 9.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephanie Stahl sold 1,185 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $131.47, for a total value of $155,791.95. Following the completion of the transaction, the director directly owned 4,089 shares in the company, valued at approximately $537,580.83. This represents a 22.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 7.10% of the stock is owned by insiders.
Dollar Tree Trading Down 0.5%
Dollar Tree (NASDAQ:DLTR – Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $1.55. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.86 billion. Dollar Tree had a net margin of 8.03% and a return on equity of 38.61%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Analysts predict that Dollar Tree, Inc. will post 7.93 EPS for the current year.
Dollar Tree announced that its board has authorized a share repurchase plan on Thursday, July 2nd that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.
Analyst Upgrades and Downgrades
DLTR has been the subject of several recent research reports. Morgan Stanley increased their price target on shares of Dollar Tree from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, August 28th. Benchmark initiated coverage on Dollar Tree in a research report on Wednesday, July 8th. They set a “hold” rating for the company. Truist Financial upped their price target on Dollar Tree from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Evercore set a $135.00 target price on shares of Dollar Tree in a report on Tuesday, September 29th. Finally, Guggenheim lifted their price target on shares of Dollar Tree from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $131.83.
Get Our Latest Stock Report on Dollar Tree
Dollar Tree Company 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.
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