Dollar Tree, Inc.
- Open
- 129.10
- Day high
- 133.26
- Day low
- 125.58
- Prev close
- 128.45
- Volume
- 2.3M
- Mkt cap
- $24.5B
- P/E (TTM)
- 19.6
- EPS (TTM)
- $6.41
- P/B
- 7.0
- P/S
- 1.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$1.8B over the last 3 months (0 open-market buys, 12 sales)
- 🏛Institutions mixed (13F)
Dollar Tree, Inc. (DLTR) is a Consumer Defensive company listed on NASDAQ. The stock is up 14% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 12 sales (SEC Form 4). Drillr has 1 published research article covering DLTR.
Dollar Tree, Inc. (DLTR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 12 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DLTR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 28, 2026 | $1.53 | $1.74 | +13.7% | $5.0B | +0.3% |
| Mar 16, 2026 | $2.53 | $2.56 | +1.2% | $5.5B | -0.2% |
| Dec 3, 2025 | $1.09 | $1.21 | +11.0% | $4.8B | +1.1% |
| Sep 3, 2025 | $0.42 | $0.77 | +84.8% | $4.6B | +2.0% |
| Jun 4, 2025 | $1.21 | $1.26 | +4.1% | $4.6B | +2.3% |
| Mar 26, 2025 | $2.20 | $2.11 | -4.1% | $5.0B | -39.3% |
| Dec 4, 2024 | $1.07 | $1.12 | +4.7% | $7.6B | +1.6% |
| Sep 4, 2024 | $1.04 | $0.67 | -35.6% | $7.4B | -1.5% |
| Jun 5, 2024 | $1.42 | $1.43 | +0.7% | $4.2B | -45.4% |
| Mar 13, 2024 | $2.66 | $2.55 | -4.1% | $8.6B | -0.3% |
| Nov 29, 2023 | $1.01 | $1.02 | +1.0% | $7.3B | -1.2% |
| Aug 24, 2023 | $0.87 | $0.91 | +4.6% | $7.3B | +2.0% |
DLTR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 7, 2026 | Schumacher Stevenofficer: Chief People Officer | Tax | 282 | $124.05 |
| Jul 6, 2026 | Randolph Dianedirector | Grant | 1,238 | $121.15 |
| Jul 6, 2026 | HEINRICH DANIEL Jdirector | Grant | 1,238 | $121.15 |
| Jul 6, 2026 | KELLY EDWARD J IIIdirector | Grant | 310 | — |
| Jul 6, 2026 | GRISE CHERYL Wdirector | Grant | 1,238 | $121.15 |
| Jul 6, 2026 | SCOTT BERTRAM Ldirector | Grant | 1,238 | — |
| Jul 6, 2026 | Douglas William W IIIdirector | Grant | 1,238 | — |
| Jul 6, 2026 | JOHNSON TIMOTHY Adirector | Grant | 1,238 | $121.15 |
| Jul 6, 2026 | Stahl Stephaniedirector | Grant | 1,238 | — |
| Jul 6, 2026 | KELLY EDWARD J IIIdirector | Grant | 2,064 | — |
| Jul 6, 2026 | Stahl Stephaniedirector | Grant | 371 | — |
| Jun 25, 2026 | Mantle Ridge LPother: Director by deputization | Sell | 237,336 | $105.37 |
| Jun 25, 2026 | Mantle Ridge LPother: Director by deputization | Sell | 78,711 | $105.77 |
| Jun 25, 2026 | Mantle Ridge LPother: Director by deputization | Sell | 33,981 | $148.86 |
| Jun 25, 2026 | Mantle Ridge LPother: Director by deputization | Sell | 146,571 | $105.71 |
Source: DLTR SEC Form 4 filings, latest Jul 7, 2026. For informational purposes only — not investment advice.
See the full DLTR insider & 13F page →DLTR research & analysis
Dollar Tree, Inc. company profile
Overview
Dollar Tree, Inc. (NASDAQ:DLTR) is a leading discount variety retailer founded in 1986 and headquartered in Chesapeake, Virginia. The company has grown from a single store concept to become one of North America's largest discount retailers, operating over 16,000 stores across the United States and Canada. Dollar Tree went public in 1995 and significantly expanded its footprint through the 2015 acquisition of Family Dollar Stores, creating a dual-banner retail empire. In 2024, the company announced the divestiture of its Family Dollar segment to Brigade-Macellum for over $1 billion, marking a strategic pivot to focus exclusively on its core Dollar Tree banner and multi-price format expansion.
Business
Dollar Tree operates in the discount variety retail industry, providing everyday merchandise at deeply discounted prices to value-conscious consumers. The discount retail sector serves customers seeking maximum value on household essentials, consumables, and discretionary items, particularly during economic uncertainty when consumers trade down from higher-priced retailers. The company historically operated two distinct retail banners with different value propositions: 1. Dollar Tree Segment (approximately 70% of revenue pre-divestiture): This banner pioneered the extreme value retail concept by offering virtually all merchandise at a single fixed price point, originally $1.00 and later increased to $1.25 in 2021. The stores carry approximately 8,000-10,000 SKUs across categories including consumables (food, health and personal care, household chemicals), variety merchandise (toys, housewares, stationery, party goods), and seasonal items. The company has recently expanded into a multi-price format called "3.0" that includes items priced at $3 and $5 alongside the traditional $1.25 offerings, targeting approximately 5,200 stores by 2025. 2. Family Dollar Segment (approximately 30% of revenue, being divested): This traditional discount store format competed with dollar stores like Dollar General, offering merchandise typically priced between $1-$10. Family Dollar stores carried consumables, home products, apparel and accessories, and seasonal merchandise across approximately 8,000 stores before the divestiture announcement. The discount retail industry serves as a defensive consumer staple during economic downturns, as customers across income levels seek value alternatives. These stores typically locate in underserved rural and urban markets where larger retailers may not have presence, creating a neighborhood convenience store experience focused on everyday low prices.
Competitive moat
Dollar Tree possesses a moderate competitive moat built primarily around its unique market positioning and operational scale, though this moat faces increasing pressure from multiple directions. The company's primary competitive advantages include its pioneering extreme value retail concept with fixed pricing that creates strong brand recognition and customer loyalty among price-sensitive consumers. The scale advantages in purchasing power allow Dollar Tree to negotiate better terms with suppliers than smaller competitors, while its extensive distribution network and supply chain infrastructure create operational efficiencies difficult for new entrants to replicate quickly. Geographic positioning provides some defensive characteristics, as Dollar Tree stores often serve as neighborhood anchors in underserved rural and urban markets where larger retailers cannot economically operate. The small store format (typically 8,000-10,000 square feet) enables flexible real estate strategies and lower capital requirements per location compared to big box competitors. However, the moat faces significant competitive threats. Dollar General, with superior scale and financial resources, competes directly and has demonstrated more consistent execution and growth. Amazon and e-commerce platforms increasingly threaten the convenience aspect of dollar stores, particularly for consumables and household essentials. Traditional retailers like Walmart have enhanced their value positioning and small-format concepts, while grocery chains have expanded their private label and promotional offerings. The fixed price point model that once differentiated Dollar Tree has become a strategic vulnerability during inflationary periods, forcing the company to abandon its original $1.00 concept and potentially undermining its core value proposition. The multi-price strategy represents an attempt to address this limitation but risks diluting the brand's simplicity and unique positioning. Regulatory and social pressures around labor practices, store conditions, and community impact create additional headwinds, while the company's exposure to Chinese manufacturing and potential tariffs adds external risk factors beyond management control.
Risks & safety
Dollar Tree presents moderate financial risk with adequate but not exceptional margin of safety characteristics. • Liquidity and Solvency: Current ratio of 1.06 indicates tight working capital management but limited cushion. Cash position of $1.26 billion provides reasonable short-term flexibility. Debt-to-equity ratio of 1.97 reflects elevated leverage, though the pending Family Dollar divestiture will reduce this burden and provide approximately $800 million in cash proceeds. • Cash Generation: Strong operating cash flow of $2.86 billion annually and positive free cash flow of $1.56 billion demonstrate the business generates substantial cash despite challenges. However, significant capital expenditure requirements ($1.2-1.3 billion annually) for store conversions and supply chain investments limit excess cash generation. • Valuation Metrics: Trading at EV/EBITDA of approximately 11x appears reasonable for a mature retailer, though earnings volatility makes P/E ratios less meaningful. Price-to-book ratio of 4.0x reflects premium valuation relative to tangible assets. • Other Considerations: The business model's defensive characteristics during economic downturns provide some downside protection. However, exposure to tariffs, inflation, and competitive pressures creates earnings volatility. The Family Dollar divestiture removes a underperforming asset but also reduces scale and diversification.
Recent development
Over the past few years, Dollar Tree has undergone significant strategic transformation focused on three major initiatives. The most significant development was the strategic review and divestiture of Family Dollar, culminating in the announced sale to Brigade-Macellum for over $1 billion in 2024. This decision followed years of underperformance at Family Dollar, including the closure of approximately 1,000 underperforming stores and persistent margin pressures. The company's multi-price format expansion represents a fundamental shift from its historical single-price model. Beginning with the transition from $1.00 to $1.25 pricing in 2021, Dollar Tree has progressively introduced $3 and $5 merchandise across its store base. The "3.0 format" stores, which combine traditional $1.25 items with higher-priced offerings, have demonstrated superior performance with 220 basis points higher comparable store sales growth. The company plans to convert approximately 5,200 stores to this format by 2025, representing a majority of its store base. Operational improvements have focused heavily on supply chain modernization and store experience enhancement. The company has invested in temperature-controlled distribution centers, implemented rotacart delivery systems to improve store efficiency, and enhanced its private brand penetration from minimal levels to 15% with a target of 20% by 2026. Technology investments include new mobile applications for both banners and improved inventory management systems. The company has also pursued geographic expansion through strategic acquisitions, notably reopening 85 former 99 Cents Only locations to expand its West Coast presence. Additionally, Dollar Tree has implemented comprehensive tariff mitigation strategies including supplier negotiations, product specification changes, sourcing diversification, and leveraging its multi-price flexibility to offset potential cost increases from trade policy changes.
DLTR company profile · for informational purposes only — not investment advice.
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