Toronto Dominion Bank reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 26.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,494 shares of the company's stock after selling 28,069 shares during the period. Toronto Dominion Bank's holdings in Dollar Tree were worth $5,379,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Blue Trust Inc. lifted its stake in shares of Dollar Tree by 174.5% in the second quarter. Blue Trust Inc. now owns 431 shares of the company's stock worth $46,000 after acquiring an additional 274 shares in the last quarter. Eastern Bank purchased a new stake in Dollar Tree during the 3rd quarter worth approximately $34,000. UMB Bank n.a. raised its position in shares of Dollar Tree by 52.0% in the 2nd quarter. UMB Bank n.a. now owns 535 shares of the company's stock valued at $57,000 after purchasing an additional 183 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock valued at $39,000 after buying an additional 284 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Dollar Tree by 35.2% during the second quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company's stock worth $69,000 after buying an additional 171 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on DLTR shares. Loop Capital upped their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a "hold" rating in a report on Thursday, December 5th. Citigroup boosted their target price on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Evercore ISI reduced their price target on shares of Dollar Tree from $94.00 to $92.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their price objective on Dollar Tree from $70.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, StockNews.com upgraded Dollar Tree from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Dollar Tree has a consensus rating of "Hold" and an average target price of $85.58.
Read Our Latest Analysis on DLTR
Dollar Tree Stock Performance
Shares of DLTR stock traded down $0.74 during trading hours on Friday, reaching $70.09. The stock had a trading volume of 2,640,734 shares, compared to its average volume of 3,447,120. The firm has a market capitalization of $15.07 billion, a PE ratio of -14.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The firm has a 50-day simple moving average of $67.69 and a 200-day simple moving average of $85.28. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same quarter last year, the business earned $0.97 earnings per share. Dollar Tree's revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.
Dollar Tree Company Profile
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Free Report)
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.
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