TD Asset Management Inc Boosts Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

TD Asset Management Inc raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 4.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 436,713 shares of the company’s stock after buying an additional 17,937 shares during the quarter. TD Asset Management Inc owned approximately 0.20% of Dollar Tree worth $62,668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DLTR. SVB Wealth LLC lifted its stake in Dollar Tree by 2.4% during the second quarter. SVB Wealth LLC now owns 2,657 shares of the company’s stock valued at $414,000 after purchasing an additional 62 shares during the last quarter. Epoch Investment Partners Inc. grew its position in Dollar Tree by 3.1% in the first quarter. Epoch Investment Partners Inc. now owns 2,143 shares of the company’s stock worth $308,000 after buying an additional 64 shares during the last quarter. Key Financial Inc grew its position in Dollar Tree by 7.2% in the second quarter. Key Financial Inc now owns 986 shares of the company’s stock worth $141,000 after buying an additional 66 shares during the last quarter. Westshore Wealth LLC grew its position in Dollar Tree by 3.2% in the first quarter. Westshore Wealth LLC now owns 2,210 shares of the company’s stock worth $317,000 after buying an additional 68 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Dollar Tree by 0.5% in the third quarter. CIBC Private Wealth Group LLC now owns 18,240 shares of the company’s stock worth $2,483,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DLTR. BNP Paribas began coverage on shares of Dollar Tree in a research report on Tuesday, October 10th. They issued an “outperform” rating and a $139.00 price target on the stock. Piper Sandler decreased their price target on shares of Dollar Tree from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, August 25th. StockNews.com started coverage on shares of Dollar Tree in a research report on Thursday, October 5th. They set a “hold” rating on the stock. The Goldman Sachs Group upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $150.00 to $137.00 in a research report on Tuesday, October 17th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $160.00 price objective on shares of Dollar Tree in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.22.

Insider Transactions at Dollar Tree

In other news, insider Robert Aflatooni sold 1,259 shares of the business’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $107.03, for a total transaction of $134,750.77. Following the transaction, the insider now owns 7,157 shares in the company, valued at approximately $766,013.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Robert Aflatooni sold 1,259 shares of the business’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $107.03, for a total transaction of $134,750.77. Following the transaction, the insider now owns 7,157 shares in the company, valued at approximately $766,013.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel J. Heinrich bought 1,650 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was acquired at an average cost of $105.24 per share, for a total transaction of $173,646.00. Following the purchase, the director now owns 1,650 shares of the company’s stock, valued at $173,646. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Dollar Tree Stock Performance

Shares of DLTR opened at $116.71 on Wednesday. The company has a market capitalization of $25.68 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 6.87 and a beta of 0.79. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $170.36. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.48 and a quick ratio of 0.20. The company’s fifty day moving average price is $110.44 and its 200 day moving average price is $132.24.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Thursday, August 24th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.18 billion. Dollar Tree had a net margin of 4.16% and a return on equity of 14.24%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 EPS. As a group, analysts expect that Dollar Tree, Inc. will post 5.97 earnings per share for the current year.

Dollar Tree Profile

Dollar Tree, Inc operates discount variety retail stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.