Harber Asset Management LLC Makes New $4.20 Million Investment in Dollar Tree, Inc. $DLTR

Harber Asset Management LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 2nd quarter, Holdings Channel reports. The fund purchased 36,450 shares of the company’s stock, valued at approximately $4,196,000. Dollar Tree accounts for about 2.5% of Harber Asset Management LLC’s holdings, making the stock its 17th biggest position.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Dollar Tree in the 2nd quarter valued at approximately $2,643,741,000. Pzena Investment Management LLC acquired a new position in Dollar Tree during the second quarter worth $1,176,661,000. Alliancebernstein L.P. increased its holdings in Dollar Tree by 176.9% during the second quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock worth $371,026,000 after buying an additional 2,393,172 shares during the last quarter. Norges Bank bought a new stake in Dollar Tree during the fourth quarter worth $260,858,000. Finally, AQR Capital Management LLC raised its position in Dollar Tree by 906.5% during the second quarter. AQR Capital Management LLC now owns 1,275,363 shares of the company’s stock worth $124,973,000 after acquiring an additional 1,148,649 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $131.48 on Friday. The company’s 50 day moving average price is $123.93 and its two-hundred day moving average price is $114.37. Dollar Tree, Inc. has a 12-month low of $84.71 and a 12-month high of $142.40. The firm has a market cap of $25.27 billion, a PE ratio of 20.54, a PEG ratio of 1.47 and a beta of 0.64. The company has a quick ratio of 0.39, a current ratio of 1.16 and a debt-to-equity ratio of 0.84.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Thursday, May 28th. The company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.21. The firm had revenue of $4.98 billion during 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 period in the prior year, the company posted $1.26 EPS. Dollar Tree has set its Q2 2026 guidance at 1.000-1.150 EPS. Equities research analysts predict that Dollar Tree, Inc. will post 7 earnings per share for the current year.

Dollar Tree announced that its Board of Directors has initiated a share repurchase program 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 programs are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DLTR. Evercore upgraded shares of Dollar Tree from a “hold” rating to an “outperform” rating in a research note on Wednesday, July 8th. Morgan Stanley upped their price objective on Dollar Tree from $126.00 to $130.00 and gave the company 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. Wells Fargo & Company boosted their target price on Dollar Tree from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Sanford C. Bernstein increased their price target on Dollar Tree from $124.00 to $127.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Ten 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 stock. Based on data from MarketBeat.com, the company 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.