NewEdge Wealth LLC Buys New Shares in Dollar Tree, Inc. $DLTR

NewEdge Wealth LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,502 shares of the company’s stock, valued at approximately $864,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new position in shares of Dollar Tree during the 4th quarter valued at about $25,000. Reflection Asset Management purchased a new stake in Dollar Tree in the fourth quarter worth approximately $25,000. Covestor Ltd grew 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 acquiring an additional 84 shares during the last quarter. Basecamp Wealth Advisors LLC grew its position in Dollar Tree by 59.9% during the first quarter. Basecamp Wealth Advisors LLC now owns 259 shares of the company’s stock valued at $28,000 after acquiring an additional 97 shares during the last quarter. Finally, Wilkerson Advisory Group LLC raised its stake in shares of Dollar Tree by 80.1% during the first quarter. Wilkerson Advisory Group LLC now owns 263 shares of the company’s stock worth $29,000 after acquiring an additional 117 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial cut their price objective on shares of Dollar Tree from $142.00 to $107.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Raymond James Financial raised shares of Dollar Tree from a “market perform” rating to an “outperform” rating and set a $140.00 price target for the company in a research note on Wednesday, July 8th. Evercore upgraded shares of Dollar Tree from a “hold” rating to an “outperform” rating in a research report on Wednesday, July 8th. Wells Fargo & Company raised their price objective on Dollar Tree from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Dollar Tree from $99.00 to $102.00 and gave the stock a “hold” rating in a report on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Dollar Tree presently has an average rating of “Hold” and an average target price of $123.41.

Dollar Tree Stock Up 2.4%

Shares of NASDAQ DLTR opened at $131.48 on Friday. The firm’s fifty day moving average is $123.93 and its 200 day moving average is $114.37. Dollar Tree, Inc. has a 52 week low of $84.71 and a 52 week high of $142.40. 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 company has a market cap of $25.27 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 1.47 and a beta of 0.64.

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

Dollar Tree declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 2nd that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are 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.