TD Asset Management Inc has $66.65 million in Dollar Tree, Inc. stock position. (NASDAQ:DLTR)

TD Asset Management Inc increased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 30.5% during the 2nd quarter, according to the company in its most recent SEC disclosure. The firm owned 624,215 shares of the company’s stock after purchasing an additional 145,819 shares during the quarter. TD Asset Management Inc’s holdings in Dollar Tree were worth $66,647,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DLTR. ICA Group Wealth Management LLC bought a new stake in shares of Dollar Tree in the 4th quarter valued at $26,000. United Community Bank purchased a new stake in Dollar Tree in the fourth quarter valued at $27,000. Register Financial Advisors LLC bought a new stake in Dollar Tree in the 1st quarter valued at $28,000. Mather Group LLC. boosted its holdings in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar Tree in the second quarter valued at about $37,000. 97.40% of shares are currently owned by institutional investors.

Analyst upgrades and downgrades

A number of brokerages have recently commented on DLTR. UBS Group cut their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday. Evercore ISI decreased their price objective on Dollar Tree from $128.00 to $78.00 and set an “in-line” rating for the company in a report on Thursday. KeyCorp cut their price target on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley cut their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Truist Financial decreased their price objective on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $95.00, according to MarketBeat.com.

Get the latest research report on Dollar Tree

Dollar Tree stock down 2.9%

Shares of DLTR stock opened at $66.50 on Friday. The stock has a market cap of $14.29 billion, a P/E ratio of -14.49, a P/E/G ratio of 0.93 and a beta of 0.87. The company has a current ratio of 1.28, a quick ratio of 0.23, and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $97.85 and the two hundred day simple moving average is $115.16. Dollar Tree, Inc. has a 1 year low of $60.81 and a 1 year high of $151.21.

Dollar Tree (NASDAQ:DLTR – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. In the same quarter last year, the company posted EPS of $0.91. Dollar Tree’s quarterly revenue was up 0.7% compared to the same quarter last year. Analysts expect Dollar Tree, Inc. will record 6.46 EPS for the current year.

Insider transactions at Dollar Tree

In related news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the transaction, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. 6.80% of shares are currently owned by company insiders.

Profile of the dollar tree

(Free report)

Dollar Tree, Inc. operates discount retail stores. The company operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.25. Offers consumable goods, which include everyday consumables such as paper and household chemicals, food, candy, health products, personal care products, and frozen and refrigerated foods; Assorted merchandise including toys, durable household items, gifts, stationery, party supplies, greeting cards, soft lines, arts and crafts supplies and other items; and seasonal products including Christmas, Easter, Halloween and Valentine’s Day merchandise.

Further reading

Want to see what other hedge funds own DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Dollar Tree, Inc. (NASDAQ:DLTR – Free Report).

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