Dollar Tree, Inc. $DLTR Stock Position Reduced by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its stake in Dollar Tree by 20.6%, now holding approximately 0.32% of the company, valued at about $66.9 million.
• Dollar Tree reported better-than-expected earnings for the last quarter, with an EPS of $0.77 surpassing estimates of $0.38 and revenue rising 12.3% year-over-year.
• The company has initiated a $2.50 billion share repurchase plan, indicating that its board believes the stock is currently undervalued.

TD Asset Management Inc trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 20.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 675,356 shares of the company's stock after selling 175,579 shares during the quarter. TD Asset Management Inc owned approximately 0.32% of Dollar Tree worth $66,887,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its holdings in Dollar Tree by 164.0% in the second quarter. TD Private Client Wealth LLC now owns 264 shares of the company's stock worth $26,000 after purchasing an additional 164 shares during the period. Brooklyn Investment Group lifted its position in shares of Dollar Tree by 79.0% in the 1st quarter. Brooklyn Investment Group now owns 358 shares of the company's stock worth $27,000 after buying an additional 158 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Dollar Tree in the 1st quarter valued at about $30,000. CX Institutional bought a new stake in shares of Dollar Tree during the 1st quarter valued at about $43,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Dollar Tree during the 2nd quarter valued at about $43,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Up 0.4%

Shares of Dollar Tree stock opened at $95.97 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.04 and a quick ratio of 0.27. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $118.06. The business's fifty day moving average price is $101.62 and its two-hundred day moving average price is $95.76. The company has a market capitalization of $19.58 billion, a P/E ratio of -7.07, a PEG ratio of 1.74 and a beta of 0.85.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.39. Dollar Tree had a positive return on equity of 23.52% and a negative net margin of 13.46%.The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period last year, the company earned $0.67 earnings per share. The company's quarterly revenue was up 12.3% compared to the same quarter last year. Dollar Tree has set its FY 2025 guidance at 5.320-5.720 EPS. As a group, research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree declared that its Board of Directors has initiated a share repurchase plan on Wednesday, July 9th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the company to purchase up to 11.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of recent research reports. Piper Sandler cut their target price on shares of Dollar Tree from $112.00 to $108.00 and set a "neutral" rating on the stock in a report on Thursday, September 4th. Citigroup cut their price target on Dollar Tree from $130.00 to $124.00 and set a "buy" rating on the stock in a report on Thursday, September 4th. Jefferies Financial Group restated an "underperform" rating and set a $70.00 price objective (down previously from $110.00) on shares of Dollar Tree in a research report on Tuesday, October 7th. Bank of America increased their target price on Dollar Tree from $70.00 to $75.00 and gave the stock an "underperform" rating in a research report on Thursday, September 4th. Finally, Barclays upgraded Dollar Tree from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $95.00 to $138.00 in a research note on Monday, July 21st. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $109.18.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Stephanie Stahl sold 1,185 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $100.32, for a total transaction of $118,879.20. Following the sale, the director directly owned 4,089 shares in the company, valued at approximately $410,208.48. The trade was a 22.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.60% 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.

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