Russell Investments Group Ltd. boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 99.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 577,762 shares of the company’s stock after purchasing an additional 288,365 shares during the quarter. Russell Investments Group Ltd.’s holdings in Dollar Tree were worth $65,876,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Algert Global LLC grew its holdings in shares of Dollar Tree by 17.9% during the 2nd quarter. Algert Global LLC now owns 69,452 shares of the company’s stock valued at $7,995,000 after acquiring an additional 10,547 shares in the last quarter. Empirical Finance LLC grew its stake in shares of Dollar Tree by 983.9% in the 2nd quarter. Empirical Finance LLC now owns 79,398 shares of the company’s stock valued at $9,455,000 after buying an additional 72,073 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Dollar Tree by 13.7% in the first quarter. Wealthfront Advisers LLC now owns 76,985 shares of the company’s stock worth $8,431,000 after buying an additional 9,288 shares during the last quarter. Nykredit A S acquired a new position in Dollar Tree in the second quarter worth approximately $10,141,000. Finally, Bank of New York Mellon Corp bought a new position in Dollar Tree during the second quarter valued at approximately $110,626,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.
Dollar Tree Stock Performance
Shares of Dollar Tree stock traded down $3.19 on Friday, reaching $138.08. The stock had a trading volume of 1,893,873 shares, compared to its average volume of 2,174,252. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.39 and a current ratio of 1.13. The business’s 50-day moving average price is $123.35 and its two-hundred day moving average price is $117.46. The stock has a market cap of $25.91 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 1.31 and a beta of 0.64. Dollar Tree, Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $148.54.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $1.55. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.86 billion. Dollar Tree had a net margin of 8.03% and a return on equity of 38.61%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. 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. On average, sell-side analysts forecast that Dollar Tree, Inc. will post 7.92 EPS for the current year.
Insider Buying and Selling
In related news, insider Robert Aflatooni sold 2,500 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $126.01, for a total transaction of $315,025.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $155,791.95. Following the transaction, the director owned 4,089 shares of the company’s stock, valued at approximately $537,580.83. The trade was a 22.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 7.10% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Barclays lifted their target price on shares of Dollar Tree from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. UBS Group raised their price target on shares of Dollar Tree from $145.00 to $150.00 and gave the company a “buy” rating in a report on Friday, August 28th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $135.00 price objective on shares of Dollar Tree in a research note on Friday, August 28th. Morgan Stanley upped their price objective on shares of Dollar Tree from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, August 28th. Finally, Wells Fargo & Company raised their target price on Dollar Tree from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Ten investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $133.14.
Read Our Latest Report on DLTR
Dollar Tree Profile
Dollar Tree, Inc. is a discount retailer that sells everyday merchandise through stores operating under the Dollar Tree banner. Its assortment includes food, household and cleaning supplies, health and beauty products, toys, seasonal goods, party supplies and stationery. Many stores offer products at multiple price points. The company traces its roots to a retail business founded in 1986 and later developed its Dollar Tree chain around value-priced merchandise. It operates primarily in the United States.
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