Old North State Wealth Management LLC Makes New Investment in Dollar Tree, Inc. $DLTR

Old North State Wealth Management LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 72,108 shares of the company’s stock, valued at approximately $8,222,000. Dollar Tree makes up about 3.1% of Old North State Wealth Management LLC’s investment portfolio, making the stock its 7th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Basecamp Wealth Advisors LLC raised its position in shares of Dollar Tree by 59.9% in the first quarter. Basecamp Wealth Advisors LLC now owns 259 shares of the company’s stock valued at $28,000 after buying an additional 97 shares during the last quarter. Wilkerson Advisory Group LLC lifted its stake in shares of Dollar Tree by 80.1% in the first quarter. Wilkerson Advisory Group LLC now owns 263 shares of the company’s stock worth $29,000 after buying an additional 117 shares in the last quarter. EFG International AG purchased a new position in shares of Dollar Tree in the second quarter worth about $30,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Dollar Tree in the second quarter worth about $33,000. Finally, Trust Co. of Vermont acquired a new position in Dollar Tree during the second quarter worth about $36,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DLTR. Loop Capital raised shares of Dollar Tree from a “hold” rating to a “buy” rating and upped their price objective for the company from $130.00 to $140.00 in a research note on Thursday, October 1st. Barclays increased their price objective on shares of Dollar Tree from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Truist Financial raised their target price on shares of Dollar Tree from $136.00 to $138.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. BMO Capital Markets reissued a “market perform” rating and issued a $135.00 target price on shares of Dollar Tree in a research note on Friday, August 28th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $130.00 target price on shares of Dollar Tree in a report on Friday, August 28th. Eleven research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Dollar Tree currently has an average rating of “Hold” and a consensus price target of $133.14.

Dollar Tree Stock Up 4.4%

Shares of DLTR opened at $131.04 on Friday. Dollar Tree, Inc. has a 52-week low of $85.88 and a 52-week high of $142.40. The company has a market capitalization of $24.59 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.71. The stock has a fifty day simple moving average of $122.08 and a two-hundred day simple moving average of $115.35. The company has a quick ratio of 0.39, a current ratio of 1.13 and a debt-to-equity ratio of 0.86.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 27th. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $1.15 by $1.55. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.86 billion. Dollar Tree had a return on equity of 38.61% and a net margin of 8.03%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, equities analysts forecast that Dollar Tree, Inc. will post 7.93 EPS for the current year.

Dollar Tree announced that its Board of Directors has initiated a share buyback program on Thursday, July 2nd that permits the company to repurchase $2.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, Director Stephanie Stahl sold 1,185 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $131.47, for a total transaction of $155,791.95. Following the completion of the sale, the director directly owned 4,089 shares in the company, valued at approximately $537,580.83. This trade represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Aflatooni sold 2,500 shares of Dollar Tree stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $126.01, for a total transaction of $315,025.00. Following the transaction, the insider directly owned 24,820 shares in the company, valued at $3,127,568.20. This trade represents a 9.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 7.10% of the stock is currently owned by company insiders.

Dollar Tree Company Profile

Dollar Tree, Inc (NASDAQ: DLTR) is a discount retailer that operates stores under the Dollar Tree brand in the United States and Canada. Its stores offer a broad selection of merchandise at value-oriented prices, including consumable products, household supplies, health and personal-care items, seasonal goods, toys, party supplies, crafts, and other general merchandise.

The company traces its history to 1986, when its first store opened in Norfolk, Virginia. It later expanded through organic growth and acquisitions, including its 2015 acquisition of Family Dollar, a chain serving primarily urban and rural communities with everyday household and grocery products.

Dollar Tree announced plans to separate from the Family Dollar business and completed the sale in 2025.