Freestone Grove Partners LP Purchases Shares of 363,726 Dollar Tree, Inc. $DLTR

Freestone Grove Partners LP acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, HoldingsChannel.com reports. The fund acquired 363,726 shares of the company’s stock, valued at approximately $43,993,000.

Several other large investors have also recently modified their holdings of DLTR. Wealthfront Advisers LLC increased its holdings in shares of Dollar Tree by 13.7% during the first quarter. Wealthfront Advisers LLC now owns 76,985 shares of the company’s stock valued at $8,431,000 after acquiring an additional 9,288 shares in the last quarter. Hanseatic Management Services Inc. acquired a new stake in Dollar Tree in the 1st quarter worth approximately $950,000. Arrowstreet Capital Limited Partnership boosted its stake in Dollar Tree by 4.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,821,852 shares of the company’s stock worth $224,106,000 after purchasing an additional 81,695 shares in the last quarter. Capital International Inc. CA grew its position in Dollar Tree by 1,920.0% during the 4th quarter. Capital International Inc. CA now owns 116,109 shares of the company’s stock worth $14,283,000 after purchasing an additional 110,361 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in Dollar Tree by 10.4% during the 1st quarter. Hsbc Holdings PLC now owns 646,333 shares of the company’s stock worth $70,363,000 after purchasing an additional 60,955 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research analyst reports. Evercore raised shares of Dollar Tree from a “hold” rating to an “outperform” rating in a report on Wednesday, July 8th. Morgan Stanley raised their target price on Dollar Tree from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. UBS Group reaffirmed a “buy” rating on shares of Dollar Tree in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft increased their price objective on Dollar Tree from $99.00 to $102.00 and gave the company a “hold” rating in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. lifted their target price on Dollar Tree from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $125.27.

Trending Headlines about Dollar Tree

Here are the key news stories impacting Dollar Tree this week:

• Positive Sentiment: Analyst support remains favorable. Truist raised its price target from $136 to $138 while maintaining a Buy rating, and Telsey Advisory initiated or reiterated a Buy view. These actions suggest analysts see additional upside after the company’s recent momentum. Truist Dollar Tree price target article Telsey Advisory Buy article
• Positive Sentiment: Prior earnings momentum and potential for a beat are supporting sentiment. Dollar Tree’s latest reported quarter exceeded consensus estimates for both earnings and revenue, with sales growing year over year. Zacks is also highlighting the company among retailers that could outperform quarterly expectations, although this is a screening signal rather than a confirmed forecast. Zacks earnings article
• Neutral Sentiment: Options traders expect substantial volatility. Options pricing implies a potential move of roughly 9% following the earnings release, indicating that investors anticipate a meaningful reaction to guidance, traffic, margins and consumer spending trends. Dollar Tree options volatility article
• Negative Sentiment: Technical resistance and profit-taking may be limiting the stock. After a strong recent advance, technical analysts identify potential resistance near $141.50. Investors may be locking in gains or waiting for earnings confirmation, which helps explain the stock’s recent decrease despite positive analyst commentary. Dollar Tree technical analysis article

Dollar Tree Stock Performance

NASDAQ DLTR opened at $132.18 on Thursday. The stock has a 50-day simple moving average of $125.40 and a two-hundred day simple moving average of $114.65. The firm has a market capitalization of $25.40 billion, a P/E ratio of 20.65, a PEG ratio of 1.53 and a beta of 0.64. Dollar Tree, Inc. has a fifty-two week low of $84.71 and a fifty-two week high of $142.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.39 and a current ratio of 1.16.

Dollar Tree (NASDAQ:DLTR) last issued 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 for the quarter, compared to the consensus estimate of $4.96 billion. Dollar Tree had a return on equity of 35.19% and a net margin of 6.51%.The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. On average, equities analysts forecast that Dollar Tree, Inc. will post 7.02 earnings per share for the current year.

Dollar Tree announced that its board has approved a stock buyback program on Thursday, July 2nd that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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.