New Mexico Educational Retirement Board Acquires 7,693 Shares of Dollar Tree, Inc. $DLTR

New Mexico Educational Retirement Board raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 84.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,856 shares of the company’s stock after buying an additional 7,693 shares during the period. New Mexico Educational Retirement Board’s holdings in Dollar Tree were worth $1,922,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DLTR. BlackRock Inc. bought a new position in Dollar Tree in the second quarter worth approximately $2,643,741,000. Pzena Investment Management LLC bought a new stake in shares of Dollar Tree during the 2nd quarter valued at $1,176,661,000. Primecap Management Co. CA purchased a new stake in shares of Dollar Tree in the 2nd quarter worth $455,845,000. Bank of America Corp DE purchased a new stake in shares of Dollar Tree in the 2nd quarter worth $385,350,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in shares of Dollar Tree in the 2nd quarter worth $205,631,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DLTR shares. Guggenheim lifted their target price on Dollar Tree from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. UBS Group upped their price target on Dollar Tree from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Wall Street Zen raised Dollar Tree from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Barclays lifted their price objective on Dollar Tree from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Finally, Weiss Ratings upgraded Dollar Tree from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 28th. Ten research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $133.14.

Insider Transactions at Dollar Tree

In other news, Director Stephanie Stahl sold 1,185 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $131.47, for a total value of $155,791.95. Following the completion of the transaction, the director owned 4,089 shares of the company’s stock, valued at $537,580.83. This represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert Aflatooni sold 2,500 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $126.01, for a total value of $315,025.00. Following the sale, the insider owned 24,820 shares of the company’s stock, valued at $3,127,568.20. This represents a 9.15% decrease in their position. The SEC filing for this sale provides additional information. 7.10% of the stock is owned by company insiders.

Dollar Tree Stock Up 1.5%

Shares of DLTR stock opened at $142.90 on Thursday. The company has a market capitalization of $26.81 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.31 and a beta of 0.64. Dollar Tree, Inc. has a one year low of $85.88 and a one year high of $148.54. The company’s fifty day moving average price is $123.02 and its 200-day moving average price is $117.30. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.13 and a quick ratio of 0.39.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, August 27th. The company reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $1.55. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Dollar Tree had a net margin of 8.03% and a return on equity of 38.61%. Dollar Tree’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company 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. Sell-side analysts expect that Dollar Tree, Inc. will post 7.92 EPS for the current fiscal year.

About Dollar Tree

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.