Mantle Ridge LP Buys Shares of Dollar Tree, Inc.
Mantle Ridge LP purchased 602,170 shares of Dollar Tree, Inc. on June 24, 2026.
Key Points
- Mantle Ridge LP bought 602,170 shares of Dollar Tree, Inc. on June 24, 2026, adding to its position in the company.
- Dollar Tree, Inc. shares traded at $119.35 on Thursday, with a market cap of $21.89 billion and a P/E ratio of 18.29.
- Analysts have set a mean price target of $125 for Dollar Tree, Inc., with various ratings from buy to sell.
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Mantle Ridge LP made a move to increase its stake in Dollar Tree, Inc. (NasdaqGS: DLTR) by purchasing 602,170 shares on June 24, 2026. This transaction highlights the fund's continued interest in the discount retail giant.
What Changed in Mantle Ridge LP's Dollar Tree Position
Mantle Ridge LP's recent purchase adds 602,170 shares to its holdings in Dollar Tree, Inc. This move shows the fund's confidence in the company's potential, as it continues to build its position in the discount retail sector.
Other Institutional Activity in Dollar Tree
FMR LLC increased its holdings in Dollar Tree by 3,348,328 shares, reaching a total of 19,494,395 shares valued at approximately $2.13 billion, marking a 20.7% increase. BlackRock, Inc. slightly reduced its position by 93,341 shares, ending with 15,823,066 shares worth about $1.73 billion. Vanguard Capital Management LLC opened a new position with 12,153,739 shares valued at $1.33 billion. State Street Corp trimmed its stake by 126,711 shares, holding 9,128,960 shares valued at $999.7 million.
Dollar Tree, Inc. Stock Down 7.8%
Shares of Dollar Tree, Inc. traded near $119.35 on Thursday. The company boasts a market capitalization of $21.89 billion and a P/E ratio of 18.29. Its forward P/E stands at 14.91, with a beta of 0.659, indicating lower volatility compared to the market. The stock's 52-week range spans from a low of $84.71 to a high of $142.40. Dollar Tree's 50-day moving average is $101.45, while the 200-day moving average is $109.32.
$DLTR stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Dollar Tree, Inc. reported revenue of $19.75 billion with a growth rate of 7.2%. The company's earnings per share stood at $6.23, and it achieved a net margin of 6.51% with a return on equity of 33.98%. The next earnings report is anticipated on September 2, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target cuts vs 2 raises.
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EPS & revenue
EPS beat estimates by 10.6%. Revenue missed estimates by 1.7%.
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Profit surprise
EBITDA missed by 23 percent. Operating income beat by 2 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 downgrade, 2 target raises, 3 target cuts.
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Earnings quality
Gross margin up 1.3 points. Operating margin up 1.2 points. Positive free cash flow.
Earnings Call Summary
Dollar Tree reported earnings per share of 1.74 dollars, beating the expected 1.53 dollars. However, revenue came in at about 4.98 billion dollars, slightly below the expected 5.06 billion dollars. The transcript does not contain sufficient detail on management commentary to describe the quarter or outlook.
Guidance No forward guidance was provided in the earnings call.
Underwhelming report. Mixed results that may lead to slightly lower expectations.
Analysts Set New Price Targets
On May 29, 2026, BNP Paribas maintained a 'sell' rating with a price target of $98. Truist Securities maintained a 'buy' rating with a $136 target, while Guggenheim also kept a 'buy' rating with a $135 target. Morgan Stanley maintained a 'hold' rating, setting a target at $130. The consensus among analysts is a target mean price of $125, based on 24 analyst opinions.
About Dollar Tree, Inc.
Dollar Tree, Inc. operates discount retail stores across the United States and Canada under the Dollar Tree and Dollar Tree Canada brands. The company provides a wide range of products, including consumables, household items, toys, and seasonal goods. Founded in 1986, Dollar Tree is headquartered in Chesapeake, Virginia, and employs about 150,000 people. The company is led by CEO Mr. Stewart F. Glendinning J.D.
Bottom Line
Mantle Ridge LP's purchase of additional shares in Dollar Tree, Inc. reflects ongoing interest in the company, known for its discount retail operations. While insider transactions can offer insights, they are not always indicative of future stock performance. Investors often track these moves along with analyst ratings to inform their strategies.
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