PNC Financial Services Group Inc. Raises Stock Position in Dollar Tree, Inc. $DLTR

PNC Financial Services Group Inc. raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 11.6% during the first quarter, Holdings Channel.com reports. The fund owned 161,876 shares of the company’s stock after buying an additional 16,803 shares during the period. PNC Financial Services Group Inc.’s holdings in Dollar Tree were worth $17,727,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in Dollar Tree in the 4th quarter worth approximately $25,000. Reflection Asset Management purchased a new stake in Dollar Tree during the 4th quarter valued at approximately $25,000. Covestor Ltd raised its position in shares of Dollar Tree by 60.9% during the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock valued at $27,000 after buying an additional 84 shares during the last quarter. Wilkerson Advisory Group LLC lifted its holdings 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. Finally, YANKCOM Partnership bought a new position in shares of Dollar Tree during the fourth quarter worth $31,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DLTR shares. Barclays cut shares of Dollar Tree from an “overweight” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Bank of America reissued an “underperform” rating on shares of Dollar Tree in a report on Thursday, May 28th. Gordon Haskett upgraded Dollar Tree from a “reduce” rating to a “hold” rating and set a $115.00 price objective for the company in a research report on Thursday, June 4th. Sanford C. Bernstein lifted their target price on Dollar Tree from $115.00 to $124.00 and gave the stock a “market perform” rating in a report on Friday, May 29th. Finally, Morgan Stanley lifted their target price on Dollar Tree from $126.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $122.68.

Dollar Tree Trading Up 2.4%

DLTR opened at $120.45 on Friday. The firm has a market cap of $23.15 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.34 and a beta of 0.65. Dollar Tree, Inc. has a 12 month low of $84.71 and a 12 month high of $142.40. The company has a current ratio of 1.16, a quick ratio of 0.39 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average of $114.07 and a 200 day moving average of $114.62.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Thursday, May 28th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.21. Dollar Tree had a return on equity of 35.19% and a net margin of 6.51%.The company had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the previous year, the firm posted $1.26 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. As a group, research analysts forecast that Dollar Tree, Inc. will post 7 EPS for the current year.

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