# Dollar Tree, Inc. (DLTR)

> Source: Nexqual · https://nexqual.com/DLTR · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Dollar Tree, Inc. (DLTR), nexqual.com/DLTR" · informational, not investment advice.

**Price:** USD 131.04 (+4.43% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 125.48 · day 123.83–131.15 · 52w 85.88–142.4 · market cap $24.6B · NMS

## Key facts
- Last four reported quarters (through Aug 1, 2026): revenue $20.1B, net income $1.61B (8.0% margin), free cash flow $1.98B (SEC filings).
- Valuation: P/E 15.2x (avg 18.9x at the last 1 fiscal year-ends), net debt $1.88B.
- 1 of 80 tracked superinvestors hold DLTR (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $249M; 3 not under a Rule 10b5-1 plan ($249M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.76 on a 1–5 scale) (29 analysts), mean target USD 135.38 (range 98–170).
- Total return with dividends: 1Y +30.2% vs S&P 500 +14.9%; 5Y +27.0% vs S&P 500 +80.3%.
- Next earnings: 2026-08-27, EPS estimate USD 0.93, revenue estimate $5.04B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $26.3B | $15.4B | $16.8B | $17.6B | $19.4B | $20.1B |
| Gross profit | $7.73B | $5.78B | $6.01B | $6.28B | $7.05B | — |
| Operating income | $1.81B | $2.10B | $1.77B | $1.46B | $1.65B | $2.20B |
| Net income | $1.33B | $1.62B | -$998M | -$3.03B | $1.28B | $1.61B |
| EPS (diluted) | $5.80 | $7.21 | -$4.54 | -$14.03 | $6.22 | — |
| Free cash flow | $410M | $976M | $1.49B | $893M | $1.06B | $1.98B |
| Gross margin | 29.4% | 37.5% | 35.8% | 35.7% | 36.3% | — |
| Operating margin | 6.9% | 13.6% | 10.6% | 8.3% | 8.5% | 11.0% |
| Net margin | 5.0% | 10.5% | -5.9% | -17.2% | 6.6% | 8.0% |
| Revenue growth | +3.2% | -41.4% | +8.9% | +4.8% | +10.4% | — |
| Cash + short-term investments | $985M | $643M | $425M | $1.26B | $718M | — |
| Total debt | $3.42B | $3.42B | $3.43B | $3.43B | $2.43B | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 1, 2026)
P/E 15.2x · P/S 1.2x · EV/Sales 1.3x · P/FCF 12.4x · P/B 7.2x · FCF yield 8.05% · Earnings yield 6.56% · Buyback yield (TTM) 7.45% · Net debt $1.88B · EV $26.5B
P/E at fiscal year-ends: Jan 2026 18.9x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold DLTR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Bloomstran | Semper Augustus | 7.25% | $64.1M | Added +3.2% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-04 | Stahl Stephanie | Director | 1,185 | $156K | 22.5% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-31 | Aflatooni Robert | Chief Information Officer | 2,500 | $315K | 9.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-24 | Mantle Ridge Lp |  | 2,230,455 | $248M | 91.4% | No | Too little history (no open-market trades in 2024 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.76 on a 1–5 scale), 29 analysts; mean target USD 135.38 (low 98, high 170).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-01 | Loop Capital | Upgrade | Hold → Buy | $130 → $140 |
| 2026-09-29 | Evercore ISI Group | Target lowered | In-Line | $140 → $135 |
| 2026-09-04 | Barclays | Target raised | Overweight | $140 → $160 |
| 2026-08-31 | Piper Sandler | Target raised | Neutral | $114 → $121 |
| 2026-08-28 | UBS | Target raised | Buy | $145 → $150 |
| 2026-08-28 | Morgan Stanley | Target raised | Equal-Weight | $130 → $145 |
| 2026-08-25 | Truist Securities | Target raised | Buy | $136 → $138 |
| 2026-08-25 | Guggenheim | Target raised | Buy | $135 → $145 |
| 2026-08-19 | Jefferies | Upgrade | Underperform → Hold | $85 → $135 |
| 2026-08-17 | Wells Fargo | Target raised | Overweight | $145 → $155 |
| 2026-08-11 | BMO Capital | Target raised | Underperform | $90 → $98 |
| 2026-07-31 | Bernstein | Target raised | Market Perform | $124 → $127 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +30.2% | +27.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +30.4% | +4.9% |
| Volatility (annualized) | 40.8% | 39.0% |
| Max drawdown | -38.5% (Jan 2026→May 2026) | -64.5% (Apr 2022→Nov 2024) |

## Peers (Discount Stores)
DG (Dollar General Corporation) USD 139.11 +5.29% · BJ (BJ's Wholesale Club Holdings, I) USD 106.63 +4.12% · TGT (Target Corporation) USD 158.11 +3.76% · TBBB (BBB Foods Inc.) USD 57.6 -1.44% · OLLI (Ollie's Bargain Outlet Holdings) USD 92.63 +0.84% · PSMT (PriceSmart, Inc.) USD 171.59 +0.03%

## More
Full page: https://nexqual.com/DLTR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in DLTR's own 10-K filed 2026-03-16 (https://www.sec.gov/Archives/edgar/data/935703/000093570326000025/dltr-20260131.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Uber (UBER) | "In August 2025, we announced a nationwide partnership with Uber to bring the Uber Eats platform to our stores, offering customers on-demand access to and delivery of value-driven essentials, snacks, party supplies and se…" |

Other companies that name DLTR in their own reports (relationship from DLTR's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | TOOTSIE ROLL INDUSTRIES INC (TR) | 10-K 2026-02-27 | "Some of the aforementioned sales to Wal-Mart and Dollar Tree were sold to McLane Company ("McLane"), a large national grocery wholesaler, which services and delivers certain of the Company's products …" |

## Revenue by product line (quarter ended 2026-08-01)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Consumable | $2.52B | 51.6% | +9.1% |
| Variety | $2.35B | 48.0% | +5.0% |
| Seasonal | $17.1M | 0.3% | -13.6% |
| Total revenue | $4.89B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $0.93 | $1.37 | -32.6% | $5.04B | 24 |
| Next quarter (ends 2027-01-31) | $2.62 | $2.79 | -5.8% | $5.78B | 24 |
| Current fiscal year (ends 2027-01-31) | $7.93 | $6.97 | +13.8% | $20.69B | 27 |
| Next fiscal year (ends 2028-01-31) | $7.91 | $7.68 | +3.0% | $21.94B | 29 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 43.4% | ±5.2% |
| 2026-11-06 | 14 | 40.0% | ±6.6% |
| 2026-11-13 | 21 | 38.2% | ±7.6% |
| 2026-11-20 | 28 | 39.3% | ±8.9% |
| 2026-11-27 | 35 | 38.4% | ±9.7% |
| 2026-12-04 | 42 | 42.6% | ±11.8% |
| 2026-12-18 | 56 | 43.3% | ±13.7% |
| 2027-01-15 | 84 | 39.4% | ±15.3% |