Allstate Corp has made a significant investment in Dollar Tree, Inc., acquiring 7,530 shares valued at approximately $711,000. This purchase occurred during the third quarter of 2023 and was disclosed in a recent Form 13F filing with the Securities and Exchange Commission. The move adds to the growing interest from institutional investors in the discount retailer, which operates under the ticker symbol DLTR on NASDAQ.
Several other hedge funds have also recently adjusted their positions in Dollar Tree. CFC Planning Co LLC entered the market with a new stake valued at about $525,000. Sequoia Financial Advisors LLC increased its holdings by 35.4%, now owning 7,851 shares worth approximately $741,000 after adding 2,052 shares in the last quarter. Similarly, QRG Capital Management Inc. boosted its position by 54.1%, acquiring an additional 1,459 shares and bringing its total to 4,154 shares valued at $392,000.
Ritholtz Wealth Management also increased its stake by 27.2%, resulting in ownership of 4,657 shares, valued at around $439,000. In a notable move, Campbell & CO Investment Adviser LLC purchased a new stake valued at approximately $1.34 million. Overall, institutional and hedge fund investors collectively hold 97.40% of Dollar Tree’s stock.
Insider Trading Activity
In related news, insider Brent A. Beebe sold 2,200 shares on December 8, 2023, at an average price of $124.65, totaling $274,230. Following this transaction, Beebe retains 13,740 shares, valued at approximately $1.71 million, reflecting a 13.80% decrease in his ownership. Insider ownership currently sits at 6.60% of the company’s stock.
Stock Performance Overview
On December 8, 2023, Dollar Tree’s stock opened at $126.83. The company maintains a debt-to-equity ratio of 0.70, with a current ratio of 0.96 and a quick ratio of 0.22. The stock’s 50-day simple moving average is $122.09, while the 200-day moving average is $110.27. Dollar Tree’s market capitalization stands at $25.22 billion, with a price-to-earnings (PE) ratio of -9.43 and a beta of 0.74. The stock has fluctuated between a one-year low of $61.80 and a high of $142.40.
In its latest quarterly earnings report released on December 3, 2023, Dollar Tree reported earnings of $1.21 per share, surpassing analysts’ expectations of $1.09 by $0.12. The company recorded revenue of $4.75 billion for the quarter, exceeding forecasts of $4.70 billion, and showing a year-over-year revenue increase of 9.4%. For the fourth quarter of fiscal year 2025, Dollar Tree has guided earnings per share (EPS) expectations between $2.400 and $2.600. Analysts predict the company will achieve an overall EPS of $5.39 for the current fiscal year.
Analyst Ratings and Market Sentiment
Recent analyst reviews have offered varied insights into Dollar Tree’s stock. Citigroup raised its price target from $124.00 to $132.00, maintaining a “buy” rating. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating with a target price of $126.00. Piper Sandler adjusted its price target from $108.00 to $114.00 while retaining a “neutral” rating. Bank of America set a lower price objective of $85.00, suggesting an “underperform” rating. Conversely, Barclays increased its price target from $136.00 to $149.00, rating the stock as “overweight.”
Currently, eight analysts have issued a “buy” rating, nine have assigned a “hold” rating, and seven have recommended selling the stock. MarketBeat.com reports a consensus rating of “hold” with a target price of $120.10.
Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree operates a diverse range of discount retail stores, primarily under the Dollar Tree and Family Dollar brands. The chain focuses on providing budget-conscious consumers with a broad selection of everyday items at low prices. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label products tailored to meet consumer needs, positioning itself as a significant player in the discount retail sector.
