Magellan Asset Management Ltd Takes Position in Dollar Tree, Inc. $DLTR

Magellan Asset Management Ltd bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, HoldingsChannel.com reports. The firm bought 398,171 shares of the company’s stock, valued at approximately $45,833,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in Dollar Tree in the 4th quarter worth $25,000. Reflection Asset Management purchased a new position in shares of Dollar Tree in the fourth quarter valued at about $25,000. Covestor Ltd boosted its stake in shares of Dollar Tree by 60.9% in the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after acquiring an additional 84 shares during the period. Basecamp Wealth Advisors LLC grew its position in shares of Dollar Tree by 59.9% during the first 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 grew its position 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 purchasing an additional 117 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $131.48 on Monday. The company has a market cap of $25.27 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 1.50 and a beta of 0.64. Dollar Tree, Inc. has a 1 year low of $84.71 and a 1 year high of $142.40. The stock’s 50 day simple moving average is $123.93 and its two-hundred day simple moving average is $114.35. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.16 and a quick ratio of 0.39.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, May 28th. The company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.21. The firm had revenue of $4.98 billion during 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 quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. Research analysts predict that Dollar Tree, Inc. will post 7.02 earnings per share for the current year.

Dollar Tree declared that its Board of Directors has approved a stock repurchase plan on Thursday, July 2nd that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Dollar Tree from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. BMO Capital Markets boosted their target price on Dollar Tree from $90.00 to $98.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 11th. UBS Group reissued a “buy” rating on shares of Dollar Tree in a research note on Monday, August 17th. Raymond James Financial upgraded Dollar Tree from a “market perform” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Dollar Tree from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. 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, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $123.41.

About Dollar Tree

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.