TD Asset Management Inc Has $66.65 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

TD Asset Management Inc increased its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 30.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. 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 owned approximately 0.29% of Dollar Tree worth $66,647,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DLTR. Mattern Capital Management LLC lifted its holdings in Dollar Tree by 45.7% during the 2nd quarter. Mattern Capital Management LLC now owns 4,085 shares of the company's stock valued at $436,000 after purchasing an additional 1,282 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Dollar Tree during the 2nd quarter worth about $815,000. Strategy Asset Managers LLC acquired a new position in Dollar Tree in the 2nd quarter valued at about $549,000. Pzena Investment Management LLC raised its holdings in Dollar Tree by 39.9% in the 2nd quarter. Pzena Investment Management LLC now owns 2,727 shares of the company's stock valued at $291,000 after acquiring an additional 778 shares during the period. Finally, Legacy Capital Wealth Partners LLC bought a new position in Dollar Tree in the 2nd quarter valued at about $273,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Piper Sandler decreased their price objective on Dollar Tree from $112.00 to $67.00 and set a "neutral" rating on the stock in a report on Thursday. Evercore ISI cut their price target on Dollar Tree from $128.00 to $78.00 and set an "in-line" rating for the company in a research note on Thursday. KeyCorp lowered their price objective on Dollar Tree from $145.00 to $84.00 and set an "overweight" rating on the stock in a research note on Thursday. BMO Capital Markets downgraded Dollar Tree from an "outperform" rating to a "market perform" rating and cut their target price for the company from $130.00 to $68.00 in a research report on Thursday. Finally, Barclays decreased their price target on Dollar Tree from $128.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $95.00.

Dollar Tree Trading Down 2.9 %

Shares of NASDAQ:DLTR traded down $1.97 during midday trading on Friday, hitting $66.50. 7,538,315 shares of the stock were exchanged, compared to its average volume of 3,073,366. The business's 50-day moving average price is $97.85 and its 200 day moving average price is $115.16. Dollar Tree, Inc. has a 12 month low of $60.81 and a 12 month high of $151.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of -14.49, a P/E/G ratio of 0.93 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) 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 business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the company posted $0.91 earnings per share. The company's revenue was up .7% compared to the same quarter last year. Analysts predict that Dollar Tree, Inc. will post 6.46 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares of the company's stock, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.80% of the company's stock.

Dollar Tree Profile

Dollar Tree, Inc operates retail discount 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.